Cognizant Technology Solutions Corporation
Cognizant Increases Share Repurchase Program by $2 Billion
Summary
On May 17, 2026, Cognizant Technology Solutions Corporation's Board of Directors approved a $2 billion increase to its existing share repurchase program, bringing the total remaining authorization to approximately $3.45 billion. The company also increased its share repurchase target for 2026 by $1 billion to $2 billion, with the additional $1 billion expected to be completed in the second quarter of 2026. This move reflects the company's confidence in the long-term opportunity AI creates and its critical role as an AI builder.
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About Cognizant Technology Solutions Corporation
Cognizant Technology Solutions Corporation is a prominent player in the professional services and IT consulting industries. The company specializes in offering a diverse range of services, including digital transformation, information technology, consulting, operations, and business process outsourcing. Operating globally, Cognizant assists a multitude of sectors such as healthcare, financial services, manufacturing, and retail, enabling clients to navigate the complexities of the digital economy. Founded in 1994 and headquartered in Teaneck, New Jersey, Cognizant has established itself as a leader in helping businesses innovate, automate, and modernize their IT infrastructure. The corporation leverages cutting-edge technologies like artificial intelligence, cloud computing, and data analytics to provide tailored solutions that optimize efficiency and drive growth for its clients. In the financial market, Cognizant is recognized for its consistent performance and resilience, maintaining a robust presence across various markets. Its role in facilitating digital enablement and technological advancements positions it as a critical ally for businesses aiming to remain competitive in the swiftly evolving digital landscape.
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