Welcome to our dedicated page for ExlService Holdings news (Ticker: EXLS), a resource for investors and traders seeking the latest updates and insights on ExlService Holdings stock.
ExlService Holdings, Inc. (NASDAQ: EXLS) is a leading global provider of business process solutions, leveraging its expertise in data analytics, artificial intelligence (AI), and machine learning (ML) to drive business impact. Founded in 1999 and headquartered in New York, EXL operates with over 54,000 professionals across the United States, Europe, and Asia.
EXL offers an array of services through four primary segments: Insurance, Healthcare, Emerging, and Analytics. The company specializes in operations management, decision analytics, and technology platforms, serving a diverse client base that includes industries such as insurance, healthcare, banking, financial services, utilities, and transportation. EXL works as a strategic partner to help clients streamline their operations, improve corporate finance, manage compliance, and create new growth channels.
EXL's commitment to innovation is evident in its AI-driven approach and digital transformation initiatives. The company provides business process outsourcing and automation services, delivering data-driven insights that enable clients to make informed decisions and enhance their operational efficiency. More than half of EXL's revenue is derived from its Analytics segment, underscoring its robust capacity in data analytics and AI.
In recent developments, EXL has announced a $500 million common stock repurchase program effective March 1, 2024, reflecting its confidence in sustaining growth and generating significant free cash flow. This initiative aligns with EXL's broader capital allocation strategy, aiming to maximize shareholder value while fostering innovation.
EXL is widely recognized for its industry-leading capabilities, having been named a top performer in Everest Group’s Analytics and AI Services Specialists PEAK Matrix® Assessment. The company's strategic partnerships, like the one with Quilt.AI, bolster its ability to offer advanced AI and data analytics solutions, helping clients gain deeper consumer insights and improve their market responsiveness.
For more information, visit www.exlservice.com.
EXL [NASDAQ: EXLS] has been recognized as a Leader in the ISG Provider Lens™ Generative AI Services 2024 report across two categories: Strategy and Consulting, and Development and Deployment Services. The recognition highlights EXL's success in helping enterprises make informed decisions about GenAI investments and implementation.
The company's leadership position is attributed to its data integration capabilities, domain-specific expertise, and robust transformational framework. According to Anand Logani, EXL's executive vice president and chief digital officer, their approach combines domain expertise with advanced data and AI capabilities to help clients reimagine workflows and achieve business outcomes efficiently.
EXL [NASDAQ: EXLS] has been named a Market Leader in the HFS Research 2024 AADA Quadfecta Services for the Generative Enterprise™ study. The inaugural report evaluated 27 leading analytics, AI, data platforms, and automation service providers, with Market Leader being the highest distinction.
The study highlights EXL's excellence in delivering enhanced business outcomes through a data and AI-led approach, combining domain expertise with advanced analytics and digital operations. Key differentiators include flexibility, skill diversity, and innovation in offerings.
According to HFS Research, the integration of analytics, AI, data platforms, and automation (the 'quadfecta') is expected to be a major growth catalyst for enterprises in the next 2-3 years, enabling more agile, intelligent, and data-driven decision-making processes.
EXL [NASDAQ: EXLS] has secured a contract to manage service desk operations for the Data Communications Company (DCC), focusing on smart meter infrastructure and supplier switching issues in the UK. The company will employ data analytics and AI to optimize customer service operations, predict problems, and streamline issue resolution. This collaboration aims to enhance DCC's operational capacity and support the UK's smart metering program through automated processes and efficient data management. The partnership will leverage EXL's expertise to improve user experience and reduce operational costs while maintaining high service standards.
ExlService Holdings (NASDAQ: EXLS) announced its participation in the J.P. Morgan 2024 Ultimate Services Investor Conference in New York. Maurizio Nicolelli, executive vice president and chief financial officer, will represent the company at the event scheduled for Thursday, November 14, 2024, at 1:10 PM Eastern time.
The presentation will be accessible through a simultaneous webcast available in the Investor Relations section of EXL's website at ir.exlservice.com. A replay of the presentation will remain available for approximately 30 days on the company's website.
ExlService Holdings reported strong Q3 2024 results with revenue of $472.1 million, up 14.9% year-over-year. The company achieved Q3 Diluted EPS (GAAP) of $0.33, a 24.2% increase from Q3 2023, and Adjusted Diluted EPS of $0.44, up 16.3%. Based on strong performance, EXL raised its full-year guidance, now expecting revenue between $1.825-$1.835 billion (12-13% growth) and adjusted diluted EPS of $1.61-$1.63 (13-14% growth). The company won 13 new clients in Q3 and launched its Insurance LLM using NVIDIA AI software.
EXL has been named a Major Player in the IDC MarketScape: Worldwide Data Modernization Services 2024 Vendor Assessment. The inaugural report evaluated 27 service providers based on their value propositions, execution capabilities, innovation, go-to-market strategy, and market impact.
IDC highlighted EXL's strengths in offerings, client adoption, employee skills and retention, and innovation. The company was recognized for achieving significant business outcomes through data modernization services across various industries and functions. EXL combines data, domain, and AI expertise to help clients create modern data architecture and improve operational efficiency and customer experience.
EXL has launched its Enterprise AI Platform, a technology hub for developing and integrating GenAI solutions into client workflows. Built on NVIDIA AI Enterprise software platform, it debuts with three key capabilities: EXL Insurance LLM, Smart Agent Assist, and Code Harbor. The platform addresses enterprise challenges in balancing cost, accuracy, and latency while implementing AI solutions. Using NVIDIA AI models and software, including NeMo framework and NIM microservices, the platform enables rapid customization and deployment across industries, geographies, and languages. It's being integrated with existing EXL platforms like Medconnection and LifePRO digital suite.
EXL, a data analytics and digital operations company, has been chosen by Convex Group for a multiyear partnership to enhance their business operations. The collaboration aims to improve efficiency, customer experience, and deliver a more cost-effective, scalable, and resilient operating model.
EXL will support Convex in:
- Delivering operational excellence and efficiency
- Enhancing workflows
- Providing integrated data-enriched management information, analytics, and AI
This partnership will allow Convex to maintain its client-centric focus and growth momentum while leveraging EXL's expertise in insurance operations and AI capabilities. EXL's multi-tower and multi-geography delivery centers will provide Convex with flexible access to evolving skills and resources.
ExlService Holdings (NASDAQ: EXLS) has announced its schedule for the release of third quarter 2024 financial results. The company will release its financial results for the quarter ended Sept. 30, 2024, on Tuesday, Oct. 29, 2024, after market close. An earnings news release, investor fact sheet, and presentation will be published on the company's investor relations website.
A conference call is scheduled for 10:00 a.m. EDT on Wednesday, Oct. 30, 2024, featuring Chairman and CEO Rohit Kapoor and EVP and CFO Maurizio Nicolelli, who will provide insights into the company's operational and financial results. Interested parties can register for the audio-only live webcast or participate in the call. A replay of the webcast will be available for approximately one year.
EXL [NASDAQ: EXLS], a leading data analytics and solutions company, has announced the strengthening of its partnership with Databricks. The collaboration aims to accelerate the development of new analytics and generative AI (GenAI) solutions. Key points include:
1. EXL will build a team of Databricks-certified talent and deploy new data management and GenAI solutions into the Databricks ecosystem.
2. EXL will leverage the Databricks Data Intelligence Platform to help clients harness their data for advanced analytics and AI applications.
3. EXL plans to train and certify data engineers and data scientists in the Databricks ecosystem.
4. The partnership will benefit clients in multiple industries, including insurance, banking, and healthcare.
5. EXL is launching the Databricks Migrations solution, which includes EXL Code Harbor™, a GenAI-enabled tool for migrating legacy codebases.
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