India Business
Indian IT major Cognizant rings NASDAQ bell
Mar 5, 2007 - 10:01:10 PM

New York/Chennai, March 5 - Indian IT major Cognizant Technology Solutions Corporation rang the NASDAQ opening bell at 9.30 a.m. - Monday simultaneously in Chennai and New York, commemorating 'India's emergence as a global leader in the IT and BPO services'.

As the Cognizant CEO Francisco D'Souza pressed a button at its techno-complex in Chennai, India, the bell rang at NASDAQ's MarketSite at Times Square in New York City.

'Cognizant is honoured to open the NASDAQ market from India, commemorating our rapid growth as a global services firm since our initial public offering nearly nine years ago and India's emergence as a global leader in the IT and BPO services industries,' D'Souza said in Chennai.

'NASDAQ is recognized as the pre-eminent global electronic stock exchange with the highest financial and corporate governance standards in the world, and we are pleased to be ranked among the world's leading companies in the NASDAQ-100 Index,' he said.

'NASDAQ is delighted to be opening the market with Cognizant, the first offshore IT services company to list on our market,' said Charlotte Crosswell, the head of the US techno-stock exchange, in response.

'Since its listing in 1998, Cognizant became the first offshore IT consulting company to join the NASDAQ-100 Index and has reached impressive milestones. We are delighted to be back in India to remotely open the market, and it is an honour to hold the ceremony in Chennai at one of Cognizant's state-of-the-art facilities,' she observed.

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