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Please find attached Cognizant’s Q1, 2011 earnings press release, along with the financials. Also attached is a photograph of Francisco D’Souza, President and CEO, Cognizant.

Q1, 2011 Highlights

§  Quarterly revenue rose to $1.37 billion, up 43% from the year-ago quarter and 4.6% sequentially.

§  GAAP Net profit rose to $208.3 million, up 37.5% from the year-ago quarter and 1% sequentially.

§  Non-GAAP operating margin was 20.5%, slightly higher than the Company’s targeted 19-20% range.

§  Net headcount addition of 7,200 employees for the quarter, taking the Company’s global employee headcount to over 111,000.

§  Quarterly diluted earnings per share (EPS) on a GAAP basis was $0.67, compared to $0.49 in the year-ago quarter.

Q2, 2011 and Full Year Outlook

The Company provides the following guidance:

§  Second quarter 2011 revenue anticipated to be at least $1.45 billion, indicating a 5.8% growth sequentially.

§  Second quarter 2011 diluted EPS expected to be $0.65 on a GAAP basis and $0.70 on a non-GAAP basis, which excludes $0.05 of estimated stock-based compensation expense.

§  Fiscal 2011 revenue expected to be at least $5.925 billion, up at least 29% compared to 2010.

§  Fiscal 2011 diluted EPS expected to be at least $2.72 on a GAAP basis, and $2.91 on a non-GAAP basis, which excludes $0.19 of estimated stock-based compensation expense.

Warm regards

HARSH KABRA

Corporate Marketing and Communications

COGNIZANT

Plot # 26, Rajiv Gandhi Infotech Park,

MIDC, Hinjawadi, PUNE - 411 057

Tel: 91-20-4022 3866 V-Net: 202843

Cell: +91-98232 73191

www.cognizant.com