ExlService Holdings, Inc. - EXLS STOCK NEWS

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.

EXL has launched the EXL Insurance LLM, an industry-specific large language model designed to support critical claims and underwriting-related tasks in the insurance sector. Developed using NVIDIA AI Enterprise, this specialized LLM outperforms leading pre-trained models by 30% in accuracy on insurance tasks. It addresses challenges faced by insurance companies during claim adjudication, offering improved efficiency and reduced costs.

The EXL Insurance LLM leverages EXL's 25 years of expertise in processing medical records data for various insurance claims. It supports tasks such as structured and unstructured data ingestion, contextual classification and triaging, and generating conversations and insights from data. The model was built using NVIDIA's full-stack AI platform, including NeMo, Triton Inference Server, and NeMo Guardrails.

EXL (NASDAQ: EXLS) has released its fifth annual Sustainability Report, highlighting significant progress in environmental, social, and governance (ESG) metrics. Key achievements include:

• 60.4% reduction in Scope 1 and 2 greenhouse gas emissions since 2019
• Expanded renewable energy use, including 174 kW of on-site solar power in India
• 43% company-wide representation of women and 55.6% racial and ethnic diversity in management
• 1.3 million hours of employee training and 37,000 volunteer hours benefiting over 31,300 people

The report, aligned with TCFD, GRI, and SASB standards, also features spotlights on sustainability ROI, responsible AI, and community engagement initiatives.