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.
ExlService Holdings, Inc. (NASDAQ: EXLS) announced that Garen Staglin will not seek re-election at the Annual Meeting in June 2022. Vikram Pandit has been appointed Chairman of the Board, effective January 1, 2022. Garen will remain a director and serve on the Compensation and Nominating Committees until the meeting. Rohit Kapoor, CEO, praised Garen's contributions while expressing confidence in Vikram's leadership. Staglin highlighted the company's growth during his tenure and expressed faith in EXL's future under Pandit's guidance.
EXL Recognized as a Leader in Healthcare Analytics
On December 15, 2021, EXL (NASDAQ: EXLS) announced its recognition as a Leader in the Everest Group's Healthcare Analytics Services PEAK Matrix® Assessment 2022. The report commended EXL for its comprehensive healthcare analytics solutions, including EXL Data Management and EXLClarity™, which enhance value-based strategies through advanced analytics. EXL's strong partnerships and client relationships were highlighted as key strengths contributing to its leadership status, along with its significant investments in innovation and service delivery.
EXLClarity™ Earns High Customer Satisfaction Scores
On November 8, 2021, EXL (NASDAQ: EXLS) announced that its EXLClarity™ platform was recognized as a leader in the 2021 Risk Adjustment & Analytics KLAS Performance Report. Customers rated the platform with an overall score of 93.6 and an “A” for customer experience, with 100% indicating they would purchase it again. The platform aids healthcare payers and providers in enhancing value-based strategies by delivering comprehensive patient risk data and analytics, enabling improved compliance and outcomes.
ExlService Holdings (NASDAQ: EXLS) reported Q3 2021 revenues of $290.3 million, a 20.5% increase year-over-year. Diluted earnings per share (GAAP) rose to $0.77 from $0.76 in Q3 2020, while adjusted diluted EPS (Non-GAAP) increased to $1.30, up 25.0% from the prior year. The company expanded its client base by adding 40 new clients in 2021, reflecting growth driven by analytics and AI initiatives. Revenue guidance for the full year is adjusted to between $1.11 billion and $1.12 billion, a 15% to 16% increase compared to 2020.
ExlService Holdings (NASDAQ: EXLS) has announced a new $300 million stock repurchase program effective January 1, 2022, replacing the previous $200 million plan set in December 2019, which has seen approximately $162 million repurchased by September 30, 2021. The new program enables the company to buy shares on the open market and through private transactions as deemed appropriate by management, while ensuring compliance with securities regulations. This initiative aims to enhance shareholder value and manage excess capital, providing flexibility in share repurchase timing and volume.
EXL has appointed Ankor Rai and Narasimha Kini to its Executive Committee as of October 1, 2021, to support its growth in analytics and digital solutions. Rohit Kapoor, Vice Chairman and CEO, highlighted their instrumental roles in steering the company's evolution towards data-driven strategies. Ankor, as Chief Digital Officer, leverages AI and analytics for client transformation, while Kini, with over 21 years at EXL, focuses on enhancing customer experiences and aligning advanced digital solutions. This leadership change aims to fortify EXL's position in the competitive analytics market.
EXL has launched a new Patient Engagement Platform that utilizes AI and real-world patient data to enhance care management. This platform, aimed at health plans and self-insured employers, promotes adherence to value-based guidelines through automated interventions, text messaging, and personalized outreach by nurse care managers. The platform integrates advanced analytics to identify patients needing intervention, optimizing care management plans while enhancing engagement through various channels. This innovation underscores EXL's commitment to improving client business outcomes and supporting healthcare payers.
ExlService Holdings, Inc. (EXLS) will report its third quarter financial results on November 2, 2021, before market opening. A conference call to discuss these results will take place at 10:00 a.m. ET that day. Investors can access the call via the company’s website or by phone. Founded on core values of innovation and excellence, EXL provides analytics and digital solutions to enhance business outcomes across various sectors including insurance and healthcare. The company operates globally with over 33,000 employees in more than 50 offices.
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