India, May 19 -- Cognizant, a leading AI builder and technology services provider, has announced that its Board of Directors has authorised a $2 billion increase to its existing share repurchase programme and raised its 2026 share repurchase target to $2 billion - an increase of $1 billion from its earlier guidance.

The additional $1 billion in share repurchases is expected to be completed during the second quarter of 2026, underscoring the company's confidence in its long-term growth strategy and market position.

"Our plan to increase the amount of share repurchases reflects our strong conviction in the long-term opportunities that artificial intelligence creates and our critical role in shaping that future as an AI builder," said Ravi...