Cognizant doubles share buyback plan to $600M

TEANECK, N.J. (AP) ? 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.