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)


      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

      (c) Exhibits.

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

       99.1                          Press release dated February 20, 2004


      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

                                  EXHIBIT INDEX

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

       99.1                          Press release dated February 20, 2004