Cognizant has paid good incentives for the year 2008 in keeping with our philosophy of sharing the results of good company performance with our associates. As compensation is confidential information, we cannot reveal any further details.
Cognizant reported a 32% rise in revenue for the fiscal year ended 31, December 2008 and ended the period with over $900 million in cash. Most Indian tech companies follow the April-March fiscal calendar.
Cognizant has decided to give bonuses to its employees despite the global economic downturn. The company has also announced to pay the variable component in its employees' salaries.
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