Cognizant (CTSH) Responds to Elliott Management Letter; Welcomes Communications With All Shareholders

November 28, 2016 2:20 PM EST

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Cognizant Technology Solutions Corporation (Nasdaq: CTSH) issued the following statement in response to the open letter issued by Elliott Management Corp. ("Elliott"):

Cognizant welcomes open communications with all of its shareholders and values their input. The Cognizant Board of Directors and management team regularly review the Company's strategic priorities and opportunities towards the goal of enhancing value for all shareholders.

Cognizant had an introductory discussion with Elliott upon receipt of the letter this morning. The Company intends to review the letter carefully and will respond in due course.

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