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.
EXL (NASDAQ: EXLS) has been recognized as a leader in insights-driven Business Process Outsourcing by Forrester in its Q4 2020 report. The evaluation highlights EXL's strong capabilities in analytics, stating it has 'better analytics than anybody else.' Forrester's report emphasizes EXL's ability to integrate data insights into business processes, driving measurable impact. As businesses increasingly transition to digital operations, EXL's expertise in data intelligence positions it as a vital partner for enterprises looking to leverage analytics for sustainable growth.
ExlService Holdings (NASDAQ: EXLS) reported Q3 2020 revenues of $241.0 million, a 4.1% decline from $251.4 million in Q3 2019. However, the diluted EPS rose to $0.76, up from $0.55 year-over-year. The company experienced a sequential revenue increase of 8.3% from Q2 2020. Full-year revenue guidance was raised to $950-$958 million. The firm secured 11 new clients in Q3 and showed strong operational resilience despite pandemic challenges. Adjusted diluted EPS guidance was also increased to $3.40-$3.48. The cash balance as of September 30, 2020, was $362.6 million.
EXL (NASDAQ: EXLS) has been recognized as a Leader and Star Performer in the Everest Group PEAK Matrix® for Life & Pension (L&P) Insurance BPO Service Providers 2020. This distinction highlights EXL’s comprehensive servicing capabilities and its proprietary LifePRO® platform. The report emphasizes EXL's strong position in managing processes across the value chain and its emphasis on digital transformation and analytics in insurance. Leadership acknowledged the company's ongoing investments aimed at helping clients adapt to industry pressures.
EXL, a leader in operations management and analytics, will host a Virtual Investor and Analyst Day on November 17, 2020, from 10:00 AM to 12:00 noon EST. The event will be led by Rohit Kapoor, Vice Chairman and CEO, along with the executive leadership team. Attendees will discover how EXL leverages data, analytics, and digital solutions to navigate challenges and foster sustainable business practices. The live webcast will be available on the company's investor relations website.
EXL (NASDAQ: EXLS) has been selected by AMA Insurance to implement its LifePRO® platform for new business and policy administration services. This cloud-based solution will enhance operational flexibility and support AMA Insurance's goals in serving physicians. The LifePRO® platform offers comprehensive capabilities including policy servicing and analytics, aiming to deliver a superior digital experience for clients. The partnership highlights the strategic alignment between EXL's innovative technology and AMA Insurance's commitment to supporting physicians throughout their careers.
ExlService Holdings, Inc. (NASDAQ: EXLS) is set to release its third quarter financial results for the period ending September 30, 2020, on Thursday, October 29, 2020, before market opening. Following the announcement, a conference call will be held at 8:00 a.m. (ET) to discuss the company’s operating and financial outcomes. Interested investors can access the call live online or via phone. EXL, a leader in operations management and analytics, helps clients enhance revenue growth and profitability.
EXL Health has received top ratings from its customers, with 91% indicating they would purchase from the company again. In the 2020 KLAS Performance Report, EXL Health's SCIO Health Analytics was named a leader in customer loyalty and support, earning an overall score of 93.0. This recognition underscores EXL Health's commitment to delivering high customer satisfaction with proactive support and innovative solutions tailored for risk adjustment in healthcare.
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