Cognizant Technology Solutions (CTSH) has increased its 2026 share repurchase target by $1 billion to $2 billion, the company said Monday.
The additional $1 billion in share buybacks is expected to be completed in Q2, the company said.
Cognizant also plans to draw $1 billion from its revolving credit facility in connection with the planned closing of its previously announced Astreya acquisition, it said.
Shares of Cognizant were 1.5% higher in Monday premarket activity.
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