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Cognizant doubles share buyback plan to $600M

Fri, 08/19/2011 - 3:05pm
The Associated Press

Cognizant Technology Solutions Corp. said Friday that it expanded its share buyback plan by $300 million so that it may now repurchase as much as $600 million worth of its common stock.

The information technology service provider said it will buy back shares through open-market or private purchases.

Cognizant shares rose 15 cents to $55.16 in extended trading, after finishing regular trading up 55 cents at $55.01.

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