EXL (EXLS) Announces $500M Share Buyback

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Go back to EXL (EXLS) Announces $500M Share Buyback

EXL Board Authorizes Significant Stock Repurchase Program

February 29, 2024 6:00 AM EST

NEW YORK, Feb. 29, 2024 (GLOBE NEWSWIRE) -- ExlService Holdings, Inc. (NASDAQ: EXLS), a leading global analytics and digital operations and solutions company, today announced that its Board of Directors has authorized a $500 million common stock repurchase program, effective March 1, 2024, for a two-year period, in line with our capital allocation strategy.

During 2023, we repurchased approximately $125 million of our common stock, said Maurizio Nicolelli, executive vice president and chief financial officer. This new authorization of $500 million represents confidence in our ability to continue our growth trajectory and generate significant free cash flow.

The current... More