The Best (And Worst) Channel Stocks Of 2013


CEO: Francisco D'Souza

Dec. 31, 2012: $73.88
Dec. 31, 2013: $100.98
Change: +36.7%

Cognizant is one of the channel companies on our list whose rise in stock price is commensurate with its financial performance. For the first nine months of 2013, ended Sept. 30, Teaneck, N.J.-based Cognizant reported sales of $6.49 billion, up 20 percent from the same period one year earlier. Net income for the period grew 17 percent to $904.2 million.

Cognizant (No. 10 on the CRN 2013 Solution Provider 500) provides a broad range of IT services, ranging from CRM and mobility systems, to application development, to solutions for the health-care and financial services industries. The company's October acquisition of Equinox Consulting, a financial services consulting firm in France, strengthened the company's consulting presence in Europe.