Cognizant buys US-based consultancy firm SVC

A Cognizant spokesperson said the financial details of the deal has not been disclosed since the acquisition was by size an insignificant one, given Cognizant has 58,000 employees globally with nearly 75 per cent of them in India. Cognizant reported total revenues of $2.14 billion (Rs 9,152 crore) for 2007 and $643 million (Rs 2,750 crore) in the first quarter of 2008.  Further, Cognizant does not share details of its media and entertainment verticas and reports the revenues from this as part of a residuary head called