Cognizant Technology Solutions (CTSH) said Tuesday that its board has approved a $2 billion increase to its existing share repurchase authorization.
The company said that because of the increase it now expects to buy back $1.1 billion of shares in 2025, compared with its previous estimate of $600 million worth of repurchases during the year.
Cognizant also said that the increase means there was approximately $3.1 billion remaining under the share repurchase authorization as of Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.