Cognizant Ups Share Repurchase Goal to $2 Billion

Cognizant has announced an increase in its 2026 share repurchase target, boosting it by $1 billion to $2 billion. This decision, approved by the Board of Directors, is driven by the company's belief in AI's long-term potential and its role in technology services. The additional repurchase is expected to occur in the second quarter of 2026.

CEO Ravi Kumar S highlighted the significant opportunity AI presents and expressed confidence in Cognizant’s growth trajectory, stating the current share price undervalues these prospects. CFO Jatin Dalal emphasized the company's capacity to accelerate capital returns while continuing strategic investments, supported by a robust financial position.

The company's acquisition of Astreya and participation in the J.P. Morgan Global Technology Conference underline its commitment to strategic expansion.