Blue Chip Stock #4 – Cognizant Tech Solutions (CTSH; +870%)
As outsourcing has become increasingly necessary for businesses to remain profitable, Cognizant Tech Solutions (CTSH) has seen booming growth of almost 900% in the last ten years. Cognizant is a leading IT firm that provides a wide array of data and software services to businesses around the world. It offers its services to all manner of businesses, including financial services, health care, manufacturing and logistics, retail, telecommunications and the media.
The company enjoys big margins because most of Cognizant Tech’s software development centers and employees are located in India, although it has other development facilities in Argentina, China, Hungary and even a small operation in the U.S. As corporations continue to look overseas for workers to save costs, I expect CTSH to soar in 2010.
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