08:50 AM EDT, 03/25/2025 (MT Newswires) -- 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.