ExlService Holdings, Inc. - EXLS STOCK NEWS

ExlService Holdings reported Q2 2022 revenues of $346.8 million, a 26.1% increase year-over-year. Adjusted diluted EPS rose to $1.50, up 31.6% from $1.14 in Q2 2021. The growth was driven by a 44.8% increase in analytics revenue. The company raised its 2022 revenue guidance to $1.35-$1.37 billion, reflecting a 20%-22% increase year-over-year. Adjusted EPS guidance is now $5.60-$5.80, a 16%-20% increase over last year. EXL's strong performance illustrates its effective focus on data-driven solutions.

EXL (NASDAQ: EXLS) has been recognized as a Leader in the 2022 Gartner "Magic Quadrant for Finance and Accounting (F&A) Business Process Outsourcing (BPO)." This accolade reflects EXL's ability to execute against its vision and adapt for the future. With a customer rating of 4.7 out of 5 stars, clients commend EXL for its exceptional support and flexibility. Gartner forecasts significant growth in finance outsourcing, predicting an increase from 6% to 40% in the adoption of AI-driven solutions by 2024. EXL’s Digital Finance Suite enhances its capability in delivering automated F&A functions.

EXL, in collaboration with Corridor Platforms and Oliver Wyman, has launched a risk decisioning-as-a-service solution aimed at empowering mid-sized banks, credit unions, and credit card providers. This innovative platform utilizes advanced analytics, AI, and cloud technology to deliver instant credit decisions, thus enhancing the competitiveness of smaller financial institutions against larger national players. The new offering addresses the increasing demands for real-time credit approvals, enabling lenders to modernize their decisioning processes while ensuring compliance and robust risk governance.

ExlService Holdings, Inc. (EXLS) will release its financial results for Q2 2022 on July 28, 2022, before the market opens. The conference call will take place at 10:00 a.m. ET to discuss these results. An Investor Fact Sheet will be available on their website prior to the call. The company focuses on analytics and digital solutions, partnering with clients to drive growth across various industries. Investors can access the live call by registering in advance.

EXL Health, part of EXL, announced the appointment of Anita Mahon as Executive Vice President and Business Head, effective May 19, 2022. Mahon, previously Executive Vice President and Chief Growth and Strategy Officer, will focus on transforming healthcare delivery, payment, and management through data-led strategies. With over two years at EXL, she has significantly influenced the company’s healthcare business and will continue to be part of the Executive Committee. Mahon brings extensive experience from IBM's Watson Health, emphasizing AI-powered analytics in healthcare.

EXL (NASDAQ: EXLS) announced its participation in multiple investor conferences scheduled for May and June 2022. Key events include the Needham & Company 17th Annual Technology & Media Conference on May 17 in New York, and the Barrington Research 16th Annual Spring Investment Conference on May 19, conducted virtually. The company will also join the Cowen & Company 50th Annual Technology Conference on June 2 and the Baird 2022 Global Consumer, Technology & Services Conference on June 6, both held in New York. EXL emphasizes its commitment to driving innovation and growth through data analytics and digital solutions.

EXL (NASDAQ: EXLS) has been recognized as a Leader and Star Performer in Everest Group’s 2022 P&C Insurance BPS PEAK Matrix® Assessment for the third consecutive year. This recognition highlights EXL's growth in analytics and digital solutions. Key metrics cited include year-over-year growth, strategic investments, and a diversified portfolio. The company aims to expand its market presence in the UK and Lloyd's market, solidifying its position as a reliable digital transformation partner. The firm emphasizes its commitment to helping clients navigate industry disruptions.