Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Mehta Rajeev
   2. Issuer Name and Ticker or Trading Symbol
COGNIZANT TECHNOLOGY SOLUTIONS CORP [CTSH] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
COO, Global Client Services
(Last)
(First)
(Middle)
C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP., 500 GLENPOINTE CENTRE WEST		 3. Date of Earliest Transaction (Month/Day/Year)
01/24/2007
(Street)

TEANECK, NJ 07666		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 01/24/2007   M   9,000 A $ 4.683 5,648 D  
Class A Common Stock 01/24/2007   M   12,000 A $ 10.115 5,648 D  
Class A Common Stock 01/24/2007   M   3,000 A $ 11.628 5,648 D  
Class A Common Stock 01/24/2007   M   15,000 A $ 22.885 5,648 D  
Class A Common Stock 01/24/2007   S   1,200 (1) D $ 83.44 5,648 D  
Class A Common Stock 01/24/2007   S   200 (1) D $ 83.43 5,648 D  
Class A Common Stock 01/24/2007   S   101 (1) D $ 83.39 5,648 D  
Class A Common Stock 01/24/2007   S   999 (1) D $ 83.36 5,648 D  
Class A Common Stock 01/24/2007   S   200 (1) D $ 83.35 5,648 D  
Class A Common Stock 01/24/2007   S   100 (1) D $ 83.34 5,648 D  
Class A Common Stock 01/24/2007   S   100 (1) D $ 83.33 5,648 D  
Class A Common Stock 01/24/2007   S   1,400 (1) D $ 83.32 5,648 D  
Class A Common Stock 01/24/2007   S   2,400 (1) D $ 83.3 5,648 D  
Class A Common Stock 01/24/2007   S   984 (1) D $ 83.28 5,648 D  
Class A Common Stock 01/24/2007   S   700 (1) D $ 83.24 5,648 D  
Class A Common Stock 01/24/2007   S   700 (1) D $ 83.23 5,648 D  
Class A Common Stock 01/24/2007   S   1,781 (1) D $ 83.22 5,648 D  
Class A Common Stock 01/24/2007   S   3,316 (1) D $ 83.21 5,648 D  
Class A Common Stock 01/24/2007   S   3,800 (1) D $ 83.2 5,648 D  
Class A Common Stock 01/24/2007   S   3,488 (1) D $ 83.19 5,648 D  
Class A Common Stock 01/24/2007   S   631 (1) D $ 83.18 5,648 D  
Class A Common Stock 01/24/2007   S   3,400 (1) D $ 83.16 5,648 D  
Class A Common Stock 01/24/2007   S   2,300 (1) D $ 83.15 5,648 D  
Class A Common Stock 01/24/2007   S   400 (1) D $ 83.14 5,648 D  
Class A Common Stock 01/24/2007   S   400 (1) D $ 83.13 5,648 D  
Class A Common Stock 01/24/2007   S   900 (1) D $ 83.12 5,648 D  
Class A Common Stock 01/24/2007   S   200 (1) D $ 83.07 5,648 D  
Class A Common Stock 01/24/2007   S   1,400 (1) D $ 83.06 5,648 D  
Class A Common Stock 01/24/2007   S   2,200 (1) D $ 83.05 5,648 D  
Class A Common Stock 01/24/2007   S   200 (1) D $ 83.04 5,648 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class A Common Stock Option (Right to Buy) (2) $ 4.683 01/24/2007   M     9,000 11/02/2002 11/02/2011 Class A Common Stock 9,000 $ 0 203,500 (3) D  
Class A Common Stock Option (Right to Buy) (4) $ 10.115 01/24/2007   M     12,000 02/05/2004 02/05/2013 Class A Common Stock 12,000 $ 0 191,500 (3) D  
Class A Common Stock Option (Right to Buy) (5) $ 11.628 01/24/2007   M     3,000 03/05/2004 03/05/2013 Class A Common Stock 3,000 $ 0 188,500 (3) D  
Class A Common Stock Option (Right to Buy) (6) $ 22.885 01/24/2007   M     15,000 03/04/2005 03/04/2014 Class A Common Stock 15,000 $ 0 173,500 (3) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Mehta Rajeev
C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP.
500 GLENPOINTE CENTRE WEST
TEANECK, NJ 07666		       COO, Global Client Services  

Signatures

 /s/ Steven E. Schwartz on behalf of Rajeev Mehta, by Power of Attorney   01/25/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Such shares were sold pursuant to a Rule 10b5-1 Sales Plan.
(2) Such options were granted on November 2, 2001 pursuant to the Company's 1999 Incentive Compensation Plan, as amended. Such options were 100% vested on November 2, 2005.
(3) Includes multiple option grants with different exercise prices and vesting dates.
(4) Such options were granted on February 5, 2003 pursuant to the Company's 1999 Incentive Compensation Plan, as amended. Such options have the following vesting schedule: 12,000 shares vested on February 5, 2006 and 12,000 shares vest on February 5, 2007.
(5) Such options were granted on March 5, 2003 pursuant to the Company's 1999 Incentive Compensation Plan, as amended. Such options have the following vesting schedule: 1,500 shares vested on March 5, 2005, 1,500 shares vested on March 5, 2006 and 1,500 shares vest on March 5, 2007.
(6) Such options were granted on March 4, 2004 pursuant to the Company's 1999 Incentive Compensation Plan, as amended. Such options have the following vesting schedule: 25% on March 4, 2005; 25% on March 4, 2006; 25% on March 4, 2007; and 25% on March 4, 2008. The Date Exercisable above reflects the first anniversary date of such option.

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