Cognizant increases share buyback by $2 billion, raising total to $3.1 billion
The US-based Cognizant Know-how Options’ board has authorised a $2 billion enhance to its current share repurchase authorisation. With this enhance, as of March 24, 2025, there’s roughly $3.1 billion remaining beneath the share repurchase authorisation.
For 2025, the corporate in a launch mentioned that it’s rising its share repurchase expectation by $500 million to $1.1 billion. The corporate reiterates its long-term capital allocation framework together with the flexibleness to pursue strategic acquisitions.
Cognizant’s CEO S Ravi Kumar mentioned, “Given our confidence in our technique and future prospects, we’re happy to announce that the Board authorised a $2 billion enhance to our current share repurchase authorisation, and we now count on to repurchase $1.1 billion of shares in 2025, a rise of $500 million over our prior expectation.”
On the Investor Day on Tuesday (US time), Cognizant’s govt management group will define the corporate’s progress in opposition to its strategic priorities and unveil its long-term development technique. Members can even have a possibility to listen to from prime purchasers and companions about Cognizant’s differentiated capabilities supporting their AI journeys and expertise demonstrations of a number of of Cognizant’s AI-enabled platforms, in accordance with a launch.
AI know-how transformation
Kumar mentioned within the launch, “Cognizant is properly positioned to guide within the subsequent wave of AI-driven know-how transformation. The corporate has achieved important progress over the previous two years, accelerating development, changing into an employer of alternative, and simplifying operations.”
“We at the moment are poised to construct on this momentum and return to the Winner’s Circle. We’re assured that Cognizant’s differentiated capabilities and strategic investments in AI and embedded engineering will improve our skill to seize outsized development within the increasing IT companies market. Investor Day is a vital alternative to share our imaginative and prescient for the long run, and the way we plan to create long-term shareholder worth,” he mentioned.
