Investigation Overview
An investigation on behalf of investors of ExlService Holdings, Inc. (NASDAQ: EXLS) shares over potential securities laws violations by ExlService Holdings and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of ExlService Holdings, Inc. (NASDAQ: EXLS) concerning whether a series of statements by ExlService Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York based ExlService Holdings, Inc. provides operations management and analytics services in the United States, the United Kingdom, and internationally. ExlService Holdings, Inc. reported that its annual Total Revenue rose from $762.31 million in 2017 to $883.12 million in 2018 and that its Net Income increased from $48.88 million in 2017 to $56.72 million in 2018.
On April 30, 2019, ExlService Holdings former General Counsel filed a lawsuit against the Company for gender discrimination and retaliation citing numerous instances of disparate and unfair treatment, including being denied business travel opportunities for client interaction, being directed to cut and serve cake to subordinate male employees at the Companys anniversary celebration, and ultimately being terminated after lodging complaints of her treatment.
Shares of ExlService Holdings, Inc. (NASDAQ: EXLS) closed on May 30, 2019, at $59.65 per share.