Figurines with computers and smartphones are seen in front of Cognizant logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration
(Reuters) - Cognizant Technology said on Tuesday its board has approved a $2 billion increase to the IT consulting company's current share repurchase plan, as it sharpens focus on bolstering shareholder returns.
With this, the total amount authorized under the program is $3.1 billion. The company said it expects to buy back shares worth $1.1 billion this year, an increase of $500 million over its prior expectation.
