Cognizant raises buyback to $3.45 billion, doubles 2026 target
NewsBytes | May 18, 2026 11:39 PM CST
Cognizant CEO ties buyback to AI
CEO Ravi Kumar S says this move is all about backing their push into artificial intelligence, which he calls a "fundamental shift" for IT services.
He believes Cognizant's early bets on AI are setting them up for long-term success, and thinks the current stock price doesn't really show how much potential the company has because of these investments.
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