Cognizant Technology Solutions Increases Buyback Program by $2 Billion

MT Newswires Live

2025/03/25

Cognizant Technology Solutions (CTSH) said Tuesday that its board has approved a $2 billion increase to its existing share repurchase authorization.

The company said that because of the increase it now expects to buy back $1.1 billion of shares in 2025, compared with its previous estimate of $600 million worth of repurchases during the year.

Cognizant also said that the increase means there was approximately $3.1 billion remaining under the share repurchase authorization as of Monday.

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