<SUBMISSION>
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<CONFORMED-NAME>COGNIZANT TECHNOLOGY SOLUTIONS CORP
<CIK>0001058290
<ASSIGNED-SIC>7371
<IRS-NUMBER>133728359
<FISCAL-YEAR-END>1231
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<BUSINESS-ADDRESS>
<STREET1>500 GLENPOINTE CENTRE WEST
<STREET2>7TH FLOOR
<CITY>TEANECK
<STATE>NJ
<ZIP>07666
<PHONE>2018010233
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<STREET1>500 GLENPOINTE CENTRE WEST
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>ygyan_form8k.txt
<DESCRIPTION>COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
<TEXT>


                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                         -------------------------------

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE

                         SECURITIES EXCHANGE ACT OF 1934


       Date of report (Date of earliest event reported) February 20, 2004
                                                        -----------------


                   Cognizant Technology Solutions Corporation
               --------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)


         Delaware                   0-24429                  13-3728359
--------------------------------------------------------------------------------
      (State or Other       (Commission File Number)        (IRS Employer
       Jurisdiction                                      Identification No.)
     of Incorporation)


500 Glenpointe Centre West
Teaneck, New Jersey                                                      07666
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                              (Zip Code)


                                 (201) 801-0233
                       ----------------------------------
                         (Registrant's telephone number,
                              including area code)



          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)


<PAGE>


ITEM 9.  REGULATION FD DISCLOSURE.

      On February 20, 2004,  Cognizant  Technology  Solutions  Corporation  (the
"Registrant")  issued a press  release  announcing  the intent to acquire  Ygyan
Consulting,  a Pune,  India-based  SAP services  provider.  The  Registrant  has
determined  that the proposed  acquisition  will not be material for purposes of
the  filing  requirements  of Form  8-K.  The  Registrant  anticipates  that the
transaction  will be  consummated  by the end of February.  The full text of the
press release is attached to this current report on Form 8-K as Exhibit 99.1.

      The  information in this Form 8-K shall not be deemed "filed" for purposes
of Section 18 of the  Securities  Exchange Act of 1934 (the  "Exchange  Act") or
otherwise  subject to the  liabilities  of that section,  nor shall it be deemed
incorporated  by reference in any filing under the Securities Act of 1933 or the
Exchange  Act,  except as  expressly  set forth by specific  reference in such a
filing.  Item 7.  Financial  Statements,  Pro Forma  Financial  Information  and
Exhibits.

      (c) Exhibits.

     Exhibit No.                     Description
     -----------                     -----------

       99.1                          Press release dated February 20, 2004



<PAGE>


                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.


                              COGNIZANT TECHNOLOGY
                              SOLUTIONS CORPORATION


                              By:  /s/ Francisco D'Souza
                                   ----------------------------------------
                                   Name:  Francisco D'Souza
                                   Title: Chief Operating Officer

Date: February 20, 2004



<PAGE>


                                  EXHIBIT INDEX

     Exhibit No.                     Description
     -----------                     -----------

       99.1                          Press release dated February 20, 2004


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ygyan_presrel.txt
<DESCRIPTION>EXHIBIT 99.1 PRESS RELEASE
<TEXT>


                                                                    Exhibit 99.1
                                                                   Press Release

                                    FOR:  Cognizant Technology Solutions Corp.
                                          500 Glenpointe Centre West
                                          Teaneck, NJ  07666

                                CONTACT:   Gordon Coburn
                                           Chief Financial Officer
                                           201-678-2712
                                           gcoburn@cognizant.com

FOR IMMEDIATE RELEASE                      Investors: Ian Bailey/Kirin Smith
---------------------                      Media: Brian Maddox/Scot Hoffman
                                           Financial Dynamics
                                           212-850-5600
                                           shoffman@fd-us.com

   COGNIZANT TO ACQUIRE YGYAN CONSULTING, AN INDIA-BASED SAP SERVICES FIRM

      Increased Customer Needs for Offshore Enterprise Application Services
                               Drives Acquisition


Teaneck, NJ - February 20, 2004 - Cognizant Technology Solutions (Nasdaq: CTSH),
a leading  provider of IT services,  today  announced the  acquisition  of Ygyan
Consulting,  a Pune,  India-based  SAP services  provider.  Ygyan has been a SAP
services partner since 2000, and was also recently selected as a channel partner
of  SAP  India  for  the  mySAP  All-in-One   solutions.   Ygyan  has  developed
pre-configured solutions for the Trading and Distribution industry.

"Cognizant is seeing  increased demand from our customers for many SAP services,
including   upgrading  and  enhancing  their  SAP   applications,   and  ongoing
maintenance  and support," said John Beaumont,  SAP Practice Head for Cognizant.
"The Ygyan  acquisition  will help us meet  customer  needs and increase our SAP
capabilities."

Ygyan has 85, primarily  offshore,  consultants in the SAP practice offering the
entire range of SAP services  and will  augment  Cognizant's  ability to deliver
offshore application  management projects,  large implementation  projects,  SAP
version upgrades, and ABAP development projects. Ygyan also has expertise in all
SAP modules including the BusinessWarehouse and CRM.

"We are looking  forward to becoming a part of  Cognizant's  global  team," said
Anant Padmanabhan,  Managing Director of Ygyan. "We believe that being a part of
a world-class  company like Cognizant  provides the opportunity to best leverage
our excellent niche skills."

"There is a growing  demand  for all  offshore  services,  including  SAP," said
Lakshmi  Narayanan,  CEO and  President of Cognizant.  "Cognizant's  strategy of
making very  focused  "tuck-in"  acquisitions  to meet  specific  needs has been
working well."

The transaction is expected to be completed by the end of February.

ABOUT COGNIZANT TECHNOLOGY SOLUTIONS

Cognizant Technology Solutions Corporation (Nasdaq:  CTSH) is a leading provider
of IT services. Focused on delivering strategic information technology solutions
that  address the complex  business  needs of its  clients,  Cognizant  provides
applications   management,   development,   integration,   and   re-engineering,
infrastructure management, business process outsourcing, and a number of related
services  such  as  enterprise  consulting,  technology  architecture,   program
management and change management through its onsite/offshore outsourcing model.

Cognizant's more than 9,500 employees are committed to partnerships that sustain
long-term, proven value for customers by delivering high-quality, cost-effective
solutions  through  its  development  centers in India and  Ireland,  and onsite
client teams.  Cognizant maintains P-CMM and SEI-CMM Level 5 assessments from an
independent third-party assessor and was recently ranked #1 in Forbes' Hot Shots
200 Up &  Comers  and  ranked  as the  top  information  technology  company  in
BusinessWeek's Hot Growth Companies.  Further information about Cognizant can be
found at http://www.cognizant.com.

This press release  includes  statements  which may  constitute  forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, the accuracy of which are necessarily  subject to
risks,  uncertainties  and assumptions as to future events that may not prove to
be accurate.  Factors that could cause actual results to differ  materially from
those expressed or implied include general  economic  conditions and the factors
discussed in our most recent Form 10-Q and other filings with the Securities and
Exchange Commission.  Cognizant undertakes no obligation to update or revise any
forward-looking  statements,  whether  as a result  of new  information,  future
events or otherwise.

                                     ###


</TEXT>
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