(Adds Stock Buyback, Outlook)
ExlService Holdings, Inc. (EXLS) said that its Board has authorized a $500 million share repurchase program with effect from March 1, 2024, for a two-year period.
For the full year, the company expects its results in line with analysts' estimates. ExlService projects adjusted income per share of $1.56 to $1.62, compared with analysts' estimate of $1.61 per share. Annual revenue projected to be in the range of $1.78 billion to $1.82 billion, in line with analysts' view of $1.81 billion.
Exlservice Holdings Inc. (EXLS) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $40.283 million, or $0.24 per share. This compares with $31.849 million, or $0.19 per share, in last year's fourth quarter.
Excluding items, Exlservice Holdings Inc. reported adjusted earnings of $57.769 million or $0.35 per share for the period.
Analysts on average had expected the company to earn $0.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 10.5% to $414.058 million from $374.703 million last year.
Exlservice Holdings Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $40.283 Mln. vs. $31.849 Mln. last year.-EPS (Q4): $0.24 vs. $0.19 last year.-Revenue (Q4): $414.058 Mln vs. $374.703 Mln last year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.