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Stock impact report

EXL Board Authorizes Significant Stock Repurchase Program [Yahoo! Finance]

ExlService Holdings, Inc. (EXLS) 
Last exlservice holdings, inc. earnings: 2/27 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.exlservice.com
Company Research Source: Yahoo! Finance
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 stock repurchase program previously announced on Nov. 2, 2021, for the repurchase of up to $300 million of common stock over three years, will be terminated on Feb. 29, 2024. As of Feb. 28, 2024, approximately $213 million of common stock has been repurchased under that plan. Under the authorization, the shares may be purchased by the company using a variety of methods, which may include open market purchases, block trades, accelerated share repurchase progra Show less Read more
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