Cognizant Authorizes up to $150M for Additional Share Repurchase

Cognizant CTSH today announced that its Board of Directors has authorized the expansion of its existing share repurchase program by $150 million, bringing the total authorization under the current repurchase program to $300 million. In addition, Cognizant's Board has extended the expiration date for the repurchase program to June 30, 2012.