(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.
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