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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) 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.
ExlService Holdings (NASDAQ: EXLS) reported Q1 2022 revenues of $329.2 million, marking a 25.9% increase year-over-year. Diluted earnings per share rose to $1.07, up from $0.93 in Q1 2021. Adjusted diluted EPS grew 20.3% to $1.42. Analytics revenue surged 45.7%, driving overall growth. The company has raised its revenue guidance for 2022 to $1.315-$1.335 billion, reflecting a 17%-19% annual increase. ExlService also won 19 new clients and was recognized as a leader in several industry assessments.
EXL (NASDAQ: EXLS) has been recognized as a Leader in Life & Retirement Insurance BPO Services, Property & Casualty Insurance BPO, and Life & Retirement TPA Insurance Services in the ISG Provider Lens™ Insurance Services 2021 report. This accolade highlights EXL's advanced data analytics and AI capabilities, alongside its extensive industry experience. Vikas Bhalla, EVP, noted that the company is committed to innovation and delivering personalized solutions to meet rising customer expectations. The recognition emphasizes EXL's comprehensive understanding of the insurance sector and its ability to drive improved client outcomes.
EXL CareRadius™ has been selected by HealthPartners to create an advanced care management solution, enhancing patient engagement and care delivery. This platform will utilize integrated population health analytics to identify at-risk patients and address care gaps. With bi-directional integration into electronic health record systems, it aims to support real-time insights and coordinated care across multiple healthcare settings. EXL’s expertise in data analytics positions it as a key partner in transforming care management into a more personalized, proactive system.
ExlService Holdings (NASDAQ: EXLS) will announce its first-quarter financial results for 2022 on April 28, 2022, before market opening. A conference call is scheduled for 10:00 a.m. (ET) that same day to discuss the results. Investors can access the call through the EXL investor relations website. A replay will also be available post-call. With a global presence, EXL specializes in analytics and digital solutions, aiming to enhance business performance across various industries, including insurance, healthcare, and finance.
EXL (NASDAQ: EXLS) has been recognized as a Leader and Star Performer in the Everest Group’s Healthcare Payer Operations PEAK Matrix® Assessment 2022. This advancement from the Major Contender category highlights EXL's growth in analytics and digital solutions. Strengths include robust analytics capabilities and extensive domain knowledge, driving business expansion post-COVID. The assessment evaluated 32 providers on vision and market impact, confirming EXL’s position as a leader in assisting healthcare payers in navigating industry challenges.
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