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Cognizant Q4 net dips 1.8%; okays $3.4bn in buybacks,dividends

US-based IT major Cognizant today posted a 1.8 percent fall in net profit at USD 416 million for the December quarter, while its board okayed a plan to return USD 3.4 billion to shareholders over two years.
Cognizant names 3 independent directors after Elliott deal

IT services firm Cognizant today said it has entered into a "cooperation agreement" with activist shareholder Elliott Management and appointed three independent directors to its board.

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