WESTPORT, Conn., July 15 /PRNewswire/ -- The Board of Directors of
Cognizant Corporation (NYSE: CZT) today declared a third-quarter dividend of
$0.03 per share, payable on September 12, 1997 to shareholders of record at
the close of business on August 22, 1997.
    Based in Westport, Conn., Cognizant Corporation integrates information
with technology to create business insight.  The company employs more than
10,000 professionals in nearly 100 countries, and generates annual revenue in
excess of $1.7 billion.  Principal operating units are:  IMS, which offers
global information solutions to the pharmaceutical and healthcare industries;
Nielsen Media Research, the leader in audience measurement for electronic
media; and a majority interest in Gartner Group, the premier provider of
research and advisory services to the information technology industry.
Cognizant's Emerging Markets Group focuses on new and developing technologies
in the information services industry.

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