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Cognizant boosts buyback target to $2 billion amid AI-led growth push

Posted on May 19, 2026
By Business News Today
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1 min read

Cognizant boosts buyback target to $2 billion amid AI-led growth push

Cognizant has raised its share buyback programme to $2 billion, signalling strong capital return plans and confidence in long-term growth. The move triggered a sharp rally in the stock, even as the IT services firm continues to face pressure from a broader multi-year decline and valuation concerns.