Farmers Insurance Signs Offshore Outsourcing Contract with Cognizant.

Business & Technology Editors

TEANECK, N.J.--(BUSINESS WIRE)--May 28, 2002

Farmers Picks Cognizant to Reduce Risk, Leverage

Onsite/Offshore Model, Use Insurance Expertise,

and Cut Costs

Cognizant Technology Solutions Corp. (Nasdaq:CTSH), a leading provider

Farmers Insurance is using offshore teams to cut costs, add value, and improve overall software maintenance efficiency. After two years of successfully using an offshore model, Farmers is in the process of growing their offshore outsourcing program and chose Cognizant to be a partner in that new effort. With a growing application portfolio planned for 2003, Farmers needed two strong offshore players to deliver a wide range of services and Cognizant has been chosen as a key additional provider.

"Many blue chip companies are engaging in long term strategic partnerships for large scale offshore outsourcing needs. Cognizant has emerged as one of the few premier vendors because of our leading onsite/offshore model and nimble culture," said Kumar Mahadeva, Chairman and CEO of Cognizant. "Insurance has emerged as one of our strongest verticals and we continue to see success with our vertical market strategy which includes adding value at all stages of our partnerships. We are organized by vertical industry, and that strategy is paying off."

About Farmers

Farmers Insurance Group of Companies includes the nation's third-largest home and auto insurers. Headquartered in Los Angeles and doing business in 41 states, the Farmers Insurance Group of Companies provides home, auto, business, life insurance and financial services to more than 10 million households through 17,000 exclusive and independent agents and district managers.

About Cognizant Technology Solutions

Cognizant Technology Solutions (Nasdaq: CTSH) is a leading provider of custom software development, integration and maintenance services that link e-business with core information systems for companies worldwide. Cognizant operates under a high quality, high value onsite/offshore model that enables better, faster and more cost effective development and deployment of large-scale systems across a wide range of transaction intensive business needs.

Its 3,900 employees are committed to partnerships that sustain long-term, proven value in order to win in today's global marketplace. Cognizant was listed as one of the "Best Small Companies in America," by Forbes and as the top solutions provider and one of the top 200 Hot Companies by Business Week. Cognizant has been assessed at SEI/CMM Level 5, the highest possible rating.

Certain statements contained herein, including statements regarding the development of the Company's services, markets and future demand for the Company's services, projections on future growth potential, and other statements regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to, variability of quarterly operating results, reliance on large projects, concentration of revenue, ability to attract and retain professional staff, dependence on key personnel, ability to manage growth effectively, risks associated with rapid technological advances, risks associated with possible acquisitions, risks associated with the Company's strategic partnerships, various project-associated risks, substantial competition, general economic conditions, risks associated with intellectual property rights, risks associated with international operations and other risk factors listed from time to time in the Company's filings and reports with the Securities and Exchange Commission.