Cognizant boosts stock buyback program by $2 billion

Published 25/03/2025, 13:54
© Reuters.

Investing.com -- Cognizant Technology Solutions (NASDAQ:CTSH)’ board has given the green light to a $2 billion expansion of the company’s stock repurchase initiative, according to the company on Tuesday.

In addition to the $2 billion increase, Cognizant is also adding an extra $500 million to its planned share buybacks for this year. This addition raises the expected total of share repurchases for the year to $1.1 billion.

The company stated that the increased stock buybacks demonstrate their confidence in the firm’s strategy and future prospects.

This decision is a clear indication of the firm’s belief in its growth potential and the effectiveness of its ongoing business plans.

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