Times of India | Cognizant ups 2026 share buyback target by $1bn AI generated summary, Read the full article for complete information. Cognizant’s board has rai
Cognizant has increased its share buyback program by $1 billion, setting a new target of $2 billion by September 2026. This move, despite a recent stock decline, signals strong confidence in the company's long-term AI prospects and its role as an AI builder. The increased buyback is supported by a solid balance sheet and robust free cash flow, allowing for capital return to shareholders alongside continued investment in growth and M&A. AI
IMPACT Signals company confidence in AI strategy and provides capital for growth investments, potentially impacting AI service adoption.