WNS Announces Board Approval of FY’24 Share Repurchases
May 22 2023 - 8:00AM
Business Wire
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
Business Process Management (BPM) solutions, today announced that
its Board of Directors has approved repurchases for fiscal 2024
under its existing share repurchase program. The company intends to
begin the repurchases with immediate effect.
“As disruption to our client’s business models from technology
advancements continues to accelerate, the opportunity for BPM
partners like WNS to help deliver transformative solutions and
business outcomes is increasing,” said Keshav R. Murugesh, Group
CEO, WNS. “Our strategic positioning in the marketplace and ability
to 'co-create' custom solutions combining domain, technology, and
talent makes WNS uniquely positioned to help clients create
competitive advantage. This accelerated share repurchase program
demonstrates the company’s confidence in the long-term health and
resiliency of our business model, our differentiated capabilities,
and our ability to execute. We expect to continue utilizing our
strong balance sheet and balanced, disciplined approach to capital
allocation to generate superior returns for our investors and
long-term value for all our key stakeholders.”
Since 2015, WNS has repurchased 9.9 million shares of stock at
an average price of $50.47.
About WNS
WNS (Holdings) Limited (NYSE: WNS) is a leading Business Process
Management (BPM) company. WNS combines deep industry knowledge with
technology, analytics and process expertise to co-create
innovative, digitally led transformational solutions with over 400
clients across various industries. WNS delivers an entire spectrum
of BPM solutions including industry-specific offerings, customer
experience services, finance and accounting, human resources,
procurement, and research and analytics to re-imagine the digital
future of businesses. As of March 31, 2023, WNS had 59,755
professionals across 64 delivery centers worldwide including
facilities in Canada, China, Costa Rica, India, Malaysia, the
Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the
United Kingdom, and the United States. For more information, visit
www.wns.com.
Safe Harbor Provision
This document includes information which may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
the accuracy of which are necessarily subject to risks,
uncertainties, and assumptions as to future events. Factors that
could cause actual results to differ materially from those
expressed or implied are discussed in our most recent Form 20-F and
other filings with the Securities and Exchange Commission. WNS
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230518005815/en/
Investors: David
Mackey EVP – Finance & Head of Investor Relations WNS
(Holdings) Limited +1 (646) 908-2615 david.mackey@wns.com
Media: Archana
Raghuram Global Head – Marketing & Communications and
Corporate Business Development WNS (Holdings) Limited +91 (22) 4095
2397 archana.raghuram@wns.com; pr@wns.com
WNS (NYSE:WNS)
Historical Stock Chart
From Mar 2024 to Apr 2024
WNS (NYSE:WNS)
Historical Stock Chart
From Apr 2023 to Apr 2024