NEW YORK, March 17, 2026 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a world information and AI corporate, nowadays introduced that, as a part of its capital allocation program, it has entered into an speeded up proportion repurchase settlement (the “ASR”) with Morgan Stanley & Co. LLC to repurchase $125 million of the corporate’s not unusual inventory.
Chairman and Leader Govt 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.”
Underneath the ASR, the corporate can pay an combination quantity of $125 million to Morgan Stanley for an preliminary collection of stocks of the corporate’s not unusual inventory at first of the transaction. The corporate plans to fund the repurchase with to be had money readily available and/or borrowing from its credit score facility. Without equal collection of stocks of not unusual inventory that the corporate will repurchase underneath the ASR Settlement shall be according to the typical of the day by day volume-weighted moderate costs of the typical inventory all over the time period of the ASR, much less a bargain and matter to changes pursuant to the phrases and stipulations of the ASR.
About ExlService Holdings, Inc.
EXL (NASDAQ: EXLS) is a world information and synthetic intelligence (“AI”) corporate that gives services and products and answers to reinvent consumer industry fashions, power higher results and free up enlargement with velocity. EXL harnesses the facility of knowledge, AI, and deep business wisdom to become companies, together with the sector’s main firms in industries together with insurance coverage, healthcare and existence sciences, banking and capital markets, retail, communications and media, and effort and infrastructure, amongst others. EXL was once based in 1999 with the core values of innovation, collaboration, excellence, integrity and admire. We’re headquartered in New York and feature over 65,000 workers spanning six continents. For more info, seek advice from www.exlservice.com.
Cautionary Observation Referring to Ahead-Having a look Statements
This press unencumber accommodates forward-looking statements throughout the that means of america Non-public Securities Litigation Reform Act of 1995. You must now not position undue reliance on the ones statements as a result of they’re matter to a large number of uncertainties and components when it comes to EXL’s operations and industry surroundings, all of which might be tricky to are expecting and lots of of which might be past EXL’s regulate. Ahead-looking statements come with knowledge relating to EXL’s conceivable or assumed long term result of operations, together with descriptions of its industry technique. Those statements would possibly come with phrases equivalent to “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or an identical expressions. Those statements are according to assumptions that we’ve got made in mild of control’s revel in within the business in addition to its perceptions of ancient traits, present prerequisites, anticipated long term trends and different components it believes are suitable underneath the instances. You must remember the fact that those statements don’t seem to be promises of efficiency or effects. They contain identified and unknown dangers, uncertainties and assumptions. Even though EXL believes that those forward-looking statements are according to affordable assumptions, you must bear in mind that many components may have an effect on EXL’s exact monetary effects or result of operations and may purpose exact effects to vary materially from the ones within the forward-looking statements. Those components, which come with statements in regards to the timing and method of the general agreement underneath the ASR, our talent to care for and develop consumer call for, dangers associated with using AI era, have an effect on on consumer calls for via our promoting cycles, our talent to rent and retain sufficiently educated workers, our talent to correctly estimate and/or arrange prices, and dangers associated with the world nature of our industry, are mentioned in additional element in EXL’s filings with the Securities and Alternate Fee, together with EXL’s Annual Document on Shape 10-Okay. You must take into account that any forward-looking observation made herein, or in other places, speaks best as of the date on which it’s made. New dangers and uncertainties arise once in a while, and it’s unattainable to are expecting those occasions or how they will have an effect on EXL. EXL has no legal responsibility to replace any forward-looking statements after the date hereof, except for as required via federal securities regulations.
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