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.
First National Bank of Omaha (FNBO) has introduced a new buy-now-pay-later (BNPL) solution aimed at enhancing customer purchasing options through merchant partners. This initiative, developed in collaboration with EXL and Skeps, allows customers to make purchases and pay later through seamless integration into online and physical store systems.
FNBO's BNPL solution promises quick processing and loan approval, utilizing advanced technology for credit strategies and fraud prevention. The BNPL market is projected to grow by over 40% this year.
EXL has announced its new brand promise, focusing on aiding clients in enhancing customer experience, increasing revenue, and improving efficiency. The company has evolved from a business process management firm to a leader in analytics and digital solutions. With a revenue exceeding $1 billion, EXL is addressing major challenges for industries like insurance, healthcare, and banking. The firm emphasizes its strengths in AI, cloud, and advanced analytics, promising clients enhanced decision-making capabilities and operational models.
FTV Capital has announced strategic promotions and new hires to enhance its business development, marketing, and investor relations capabilities.
ExlService Holdings, a leader in operations management and analytics, announced that Rohit Kapoor, CEO, will join Citibank's 2021 Virtual Global Technology Conference on September 15 at 10:30 AM ET. The 40-minute session will highlight EXLS's digital, analytics, and AI solutions designed to tackle client challenges and promote growth. Additionally, Kapoor will engage in one-on-one meetings with investors. A live audio webcast will be available on EXL’s Investor Relations website.
ExlService Holdings (NASDAQ: EXLS) announced a Payoff and Termination Agreement with Orogen Echo LLC for the prepayment of $150 million in Convertible Senior Notes, due October 2024. EXL will pay $200 million in cash plus accrued interest and issue 310,394 shares of common stock to Orogen. The agreement terminates the existing Indenture governing the Notes. Orogen plans to remain a long-term stockholder and has committed to a 90-day lock-up on the shares. This strategic move aims to improve EXL’s capital structure and reduce debt obligations.
EXL (NASDAQ: EXLS) has been recognized for the second consecutive year as a Gartner Peer Insights Customers' Choice for Data and Analytics Service Providers. This distinction is awarded to vendors who receive outstanding ratings from verified customers, requiring at least 50 published reviews with a high average rating. EXL is the only vendor to achieve this recognition for two years, reflecting its commitment to helping clients leverage data for business success. According to executives, this honor affirms EXL's capabilities in advanced analytics and AI, further establishing its role as a partner for data-driven companies.
ExlService Holdings reported Q2 2021 revenues of $275.1 million, a 23.6% year-over-year increase. The diluted earnings per share (GAAP) rose to $0.81 from $0.24 in Q2 2020. Adjusted diluted EPS was $1.14, up 115% year-over-year. Analytics services drove growth with a 36.4% revenue increase. The company raised its 2021 revenue guidance to between $1.08 billion and $1.10 billion, reflecting a 12% to 14% increase year-over-year. ExlService also won 16 new clients and expanded collaboration with Amazon Web Services.
EXL (NASDAQ: EXLS), a leader in operations management and analytics, has received the 2021 ISG Digital Case Study Award™ for exemplary digital transformation initiatives. The award recognized a project with a U.K.-based energy provider, focusing on the Management Information Assistant (MIA) platform. This AI-driven solution improved customer experience, workforce productivity, and recovered lost revenue due to billing errors. ISG selected EXL based on a competitive process involving nearly 250 submissions, emphasizing the tangible impact of digital solutions on client operations.
EXL (NASDAQ: EXLS) has joined the United Nations Global Compact, reinforcing its commitment to sustainable business practices and ESG principles. This move aligns with EXL's goals for diversity, equity, and inclusion as detailed in its 2021 Proxy Statement and Sustainability Report. Rohit Kapoor, CEO of EXL, emphasized the importance of collective action in tackling global challenges and committed to operating as a responsible global citizen.
ExlService Holdings, Inc. (NASDAQ: EXLS) plans to announce its second-quarter financial results for the period ending June 30, 2021, on July 29, 2021, before market opening. A conference call will take place at 10:00 a.m. ET the same day to discuss these results. Interested participants can access the call through EXL's investor relations website or via phone. EXL specializes in operations management and analytics, aiding clients in several industries to improve efficiency and profitability.
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