NEW YORK, March 17, 2026 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a world knowledge and AI firm, at present introduced that, as a part of its capital allocation program, it has entered into an accelerated share repurchase settlement (the “ASR”) with Morgan Stanley & Co. LLC to repurchase $125 million of the corporate’s widespread inventory.
Chairman and Chief Government Officer Rohit Kapoor mentioned, “EXL’s recognized industry expertise and leadership in embedding AI in our clients’ businesses are resonating strongly with the market and fueling our growth with new and existing clients. This ASR, a part of our recently authorized $500 million common stock repurchase program, represents confidence in our ability to continue our growth trajectory and generate significant free cash flow.”
Below the ASR, the corporate pays an combination quantity of $125 million to Morgan Stanley for an preliminary variety of shares of the corporate’s widespread inventory initially of the transaction. The corporate plans to fund the repurchase with out there money available and/or borrowing from its credit score facility. The last word variety of shares of widespread inventory that the corporate will repurchase underneath the ASR Settlement will likely be based mostly on the common of the day by day volume-weighted common costs of the widespread inventory through the time period of the ASR, much less a reduction and topic to changes pursuant to the phrases and situations of the ASR.
About ExlService Holdings, Inc.
EXL (NASDAQ: EXLS) is a world knowledge and synthetic intelligence (“AI”) firm that provides companies and options to reinvent consumer enterprise fashions, drive higher outcomes and unlock development with pace. EXL harnesses the ability of information, AI, and deep business information to remodel companies, together with the world’s main firms in industries together with insurance coverage, healthcare and life sciences, banking and capital markets, retail, communications and media, and vitality and infrastructure, amongst others. EXL was based in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We’re headquartered in New York and have over 65,000 workers spanning six continents. For extra data, go to www.exlservice.com.
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Cautionary Assertion Relating to Ahead-Wanting Statements
This press launch incorporates forward-looking statements inside the which means of the US Personal Securities Litigation Reform Act of 1995. You shouldn’t place undue reliance on these statements as a result of they’re topic to quite a few uncertainties and components regarding EXL’s operations and enterprise surroundings, all of that are troublesome to foretell and plenty of of that are past EXL’s management. Ahead-looking statements embrace data regarding EXL’s attainable or assumed future outcomes of operations, together with descriptions of its enterprise technique. These statements might embrace phrases resembling “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or comparable expressions. These statements are based mostly on assumptions that now we have made in mild of administration’s expertise within the business in addition to its perceptions of historic traits, present situations, anticipated future developments and different components it believes are applicable underneath the circumstances. It is best to perceive that these statements should not ensures of efficiency or outcomes. They contain identified and unknown dangers, uncertainties and assumptions. Though EXL believes that these forward-looking statements are based mostly on cheap assumptions, you have to be conscious that many components may have an effect on EXL’s precise monetary outcomes or outcomes of operations and will trigger precise outcomes to vary materially from these within the forward-looking statements. These components, which embrace statements in regards to the timing and method of the ultimate settlement underneath the ASR, our skill to take care of and develop consumer demand, dangers associated to the usage of AI know-how, impression on consumer calls for by our promoting cycles, our skill to rent and retain sufficiently skilled workers, our skill to precisely estimate and/or handle prices, and dangers associated to the worldwide nature of our enterprise, are mentioned in additional element in EXL’s filings with the Securities and Change Fee, together with EXL’s Annual Report on Type 10-Okay. It is best to understand that any forward-looking assertion made herein, or elsewhere, speaks solely as of the date on which it’s made. New dangers and uncertainties come up sometimes, and it’s unimaginable to foretell these occasions or how they could have an effect on EXL. EXL has no obligation to replace any forward-looking statements after the date hereof, besides as required by federal securities legal guidelines.
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