New York, United States & Mumbai, Maharashtra, India:
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.
