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 (NASDAQ: EXLS) has announced its participation in the Citi Global TMT Conference. The company's chairman and CEO, Rohit Kapoor, is scheduled to present on Wednesday, September 4, 2024, at 3:50 p.m. Eastern Time.
This event provides an opportunity for investors and analysts to gain insights into EXL's business strategies and market positioning. Interested parties can access a live audio webcast of the presentation through the events page on EXL's investor website, allowing for real-time engagement with the company's leadership.
The Citi Global TMT Conference is a significant platform for companies in the Technology, Media, and Telecommunications sectors to showcase their offerings and discuss industry trends.
EXL, a leading data analytics and digital operations company, has been recognized as a Market Leader in the inaugural HFS Research Horizons Customer Experience Service Providers 2024 report. The report evaluated 22 service providers on their value propositions, execution and innovation capabilities, go-to-market strategy, and market impact.
Key highlights include:
- EXL's proprietary CX Maturity Assessment Framework, which helps clients identify gaps and build roadmaps for improvement
- Innovative AI-driven solutions, including generative AI-powered smart agent assist, conversational AI, and automated quality tools
- Recognition for EXL's deep domain expertise and data-led approach to industry solutions
This acknowledgment reinforces EXL's commitment to transforming customer experience and driving better business outcomes for clients.
EXL reported strong Q2 2024 results with revenue of $448.4 million, up 10.7% year-over-year. Adjusted diluted EPS increased 10.8% to $0.40. The company raised its full-year 2024 guidance, now expecting revenue between $1.805 billion and $1.830 billion, representing 11% to 12% growth. Adjusted diluted EPS is projected to be $1.59 to $1.62, up 11% to 13% from 2023.
Key highlights include winning 23 new clients, establishing a strategic collaboration with NVIDIA for AI applications, and acquiring ITI Data. EXL's data analytics and digital operations segments showed accelerated growth. The company maintains a positive outlook for the second half of 2024, driven by its data and AI-led strategy.
EXL [NASDAQ: EXLS], a leading data analytics and digital operations company, has acquired ITI Data, a data management solutions firm. ITI Data, founded in 1999, serves Global 1000 clients in banking, financial services, and healthcare across the U.S., Europe, and Australia. This acquisition aims to enhance EXL's data management capabilities and accelerate its data and AI-led strategy.
ITI Data brings specialized expertise in data management, governance, risk, regulatory, and compliance solutions. The acquisition is expected to strengthen EXL's ability to deliver reliable, data-driven insights and drive greater value across its operations. Brian Vaske, CEO of ITI Data, expressed excitement about the combination, highlighting the potential for ITI's clients to access broader AI offerings and data-driven capabilities.
EXL [NASDAQ: EXLS], a leading data analytics and digital operations company, has announced a collaboration with NVIDIA to develop and deploy AI applications across various industries using NVIDIA's full-stack AI platform. The initiative aims to revolutionize the provision of fast and scalable AI in complex enterprise environments.
EXL will leverage NVIDIA AI Enterprise software, including NeMo and NIM microservices, to compress model development time and embed client-specific data and tools into workflows more efficiently. Initial applications include a fine-tuned insurance LLM to improve claims adjudication and policy underwriting.
The collaboration is expected to drive significant improvements in large language model performance, resulting in more intuitive solutions for enterprise customers. EXL will train a substantial portion of its data engineering and data science team on NVIDIA's AI services to integrate them into its Gen AI platform and upgrade existing solutions.
ExlService Holdings will announce its Q2 2024 financial results on August 1, 2024, before the market opens. A conference call hosted by CEO Rohit Kapoor and CFO Maurizio Nicolelli will take place at 10:00 a.m. EDT the same day. Key materials such as an earnings news release, investor fact sheet, and presentation will be available on the company's website prior to the call. The audio-only webcast of the call can be accessed through EXL’s investor website, with a replay available for one year. EXL is a data analytics and digital operations solutions company, working with clients to drive business outcomes using AI and analytics.
EXL [NASDAQ: EXLS] has been named a Leader in the 2024 Gartner Magic Quadrant for Finance and Accounting Business Process Outsourcing (F&A BPO). Gartner's report evaluated 18 F&A service providers on a uniform set of criteria, categorizing them into four quadrants: Leaders, Visionaries, Niche Players, and Challengers.
The report highlighted EXL's strong execution and comprehensive vision, noting the company's ability to offer end-to-end intelligent processing capabilities through proprietary or partner technology ecosystems. EXL's solutions help clients reduce human dependencies and adopt automation-intensive models, facilitating digital transformation in finance operations.
Narasimha Kini, EXL's EVP and business head, emphasized the company's data and AI-led approach, which aids clients in making informed decisions swiftly, leading to optimization and growth opportunities.
ExlService Holdings (NASDAQ: EXLS), a leader in data analytics and digital operations, announced that key executives will participate in several upcoming investor conferences. Maurizio Nicolelli, EVP and CFO, and John Kristoff, VP and head of investor relations, will represent the company.
The events include the Needham & Company 19th Annual Technology & Media Conference on May 15, 2024, with a presentation at 12:45 pm EDT in New York, NY; the Cowen & Company 52nd Annual Technology, Media & Telecom Conference on May 29, 2024, in New York, NY, (no formal presentation); the Stifel 2024 Cross Sector Insight Conference on June 5, 2024, with a presentation at 10:55 am EDT in Boston, MA; and the Baird 2024 Global Consumer, Technology & Services Conference on June 6, 2024, with a presentation at 1:25 pm EDT in New York, NY.
Live audio webcasts of the presentations will be available on EXL's investor relations website.
ExlService Holdings, Inc. reported a strong start to 2024 with a 9% year-over-year revenue increase to $436.5 million and an 8.9% growth in adjusted diluted EPS to $0.38. The company raised its revenue and EPS guidance for 2024, expecting revenue of $1.79 billion to $1.82 billion and adjusted EPS of $1.58 to $1.62, representing 10% to 13% growth over the prior year. The company continues to focus on data analytics and digital solutions, showcasing impressive financial performance and client acquisitions.
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