ExlService announces $125M share repurchase program

EXL (EXLS) announced that, as part of its capital allocation program, it has entered into an accelerated share repurchase agreement with Citibank, N.A. (C) to repurchase $125 million of the company’s common stock. Chairman and Chief Executive Officer Rohit Kapoor said, “The successful execution of our data- and AI-led strategy has positioned EXL as an industry leader in embedding AI in the workflow to significantly enhance operational efficiencies, improve customer service and deliver improved business outcomes for our clients. The ASR reflects confidence in our ability to continue to deliver superior value to our clients, enabling us to sustain our double-digit growth momentum while maximizing stockholder value.”