On February 28, 2013, Cognizant finished the acquisition of six companies. The transactions strengthened its local presence in Switzerland and Germany and expanded its expertise in enterprise application services and high-end testing services. Cognizant has also invested in developing the Future of Work called SMAC (Social, Mobile, Analytics and Cloud), which is one combined stack, where each function permits another to amplify its effect. Cognizant has expanded its service offerings, which enabled it to cross-sell new services and meet the rapidly growing demand for complex large-scale outsourcing solutions.
Peers in search of progress
Cognizant is not the only company looking to add to its operations as Wipro Limited (ADR) (NYSE:WIT) has struck a multi-year contract with an APAC-based telecom service provider. The contract calls for Wipro to render big data based analytics solutions. It has also secured a big, multi-year contract from a leading provider of analytics solutions to Healthcare, CPG, and Retail Industries.
Wipro Limited (ADR) (NYSE:WIT) has also secured a huge multi-year contract in the infrastructure management space from a big global bank and it has secured a multi-year commitment with one of the United Kingdoms’s largest providers of general and life insurance. Wipro Limited (ADR) (NYSE:WIT) has also secured a contract from Saudi Arabian Airlines, which includes IT Infrastructure and Application Managed Services, as well as a strategic transformational consulting commitment.
CareFirst BlueCross BlueShield granted Infosys Ltd ADR (NYSE:INFY) a multi-year managed services deal to produce a cost effective delivery model and to drive proficiencies in application support. Infosys Ltd ADR (NYSE:INFY) proclaimed a partnership with a company named IPsoft to provide an autonomics-based managed IT service to its clients.
Since the last quarter, Infosys secured more than 15 commitments across Cloud services and Big Data. Infosys Ltd ADR (NYSE:INFY) engaged in more than 25 new commitments across different areas and industries like customer engagement, enterprise efficiency, and field services. So yes, this industry seems big enough for all the major players.
Foolish bottom line
Each one of these IT services companies has room for growth, but of the three, Cognizant seems to be the best investment. Cognizant has grown year-over-year and should continue to grow along with the market. As long as the IT services industry expands, so will a company like Cognizant; perhaps its time you took a closer look for yourself.
Gayron Wainwright has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Gayron is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.
The article IT Companies You Shouldn’t Miss originally appeared on Fool.com is written by Gayron Wainwright.
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