💨 Abstract

Cognizant Technology announced a $2 billion increase in its share repurchase plan, focusing on boosting shareholder returns. The company expects to buy back $1.1 billion worth of shares this year, up from its prior expectation of $600 million. The move comes amidst choppy IT services demand and activist investor involvement. Cognizant is scheduled to discuss its long-term growth plans and AI initiatives at its investor day.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖