COGNIZANT  TECHNOLOGY  SOLUTIONS  ANNOUNCES  COMPLETION OF PREVIOUSLY  ANNOUNCED
TRANSFER OF CERTAIN PORTIONS OF SILVERLINE'S FINANCIAL SERVICES PRACTICE TUESDAY
OCTOBER 29, 7:08 AM ET

TEANECK,  N.J.--(BUSINESS  WIRE)--Oct.  29, 2002--Cognizant Technology Solutions
Corporation  (Nasdaq:  CTSH  -  News),  a  leading  application  management  and
e-business  solutions  provider,  today  announced  that  it has  completed  the
previously  announced  transfer of  Silverline's  American  Express  practice to
Cognizant.

The terms of the transaction were not disclosed.

About Cognizant Technology Solutions

Cognizant  Technology  Solutions (Nasdaq:  CTSH - News) 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 more than  5,200  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.

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Contact:
   Cognizant Technology Solutions
   Larry Gordon, 201/678-2743
   lgordon@cognizant.com
    or
   FD Morgen-Walke
   Investors: Corey Cutler/Stephanie Prince
   Press: Brian Maddox/Scot Hoffman
   212/850-5600