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 reported a strong performance for Q1 2023, with revenue rising to $400.6 million, a 21.7% increase year-over-year. Diluted EPS (GAAP) surged 41.1% to $1.51, while adjusted diluted EPS grew 22.5% to $1.74. The company is increasing its revenue guidance for 2023 to $1.595 billion to $1.620 billion, reflecting expected growth of 13% to 15%. Additionally, adjusted diluted EPS guidance is raised to $6.75 to $6.90, indicating a 12% to 15% increase from the previous year. Key client wins included 16 new clients in Q1, bolstering their digital operations and analytics.
EXL Appoints New Chief Digital Officer
On April 25, 2023, EXL (NASDAQ: EXLS) announced the promotion of Anand "Andy" Logani to Chief Digital Officer. Logani, a 22-year veteran of EXL, will oversee the company’s digital strategy, focusing on leveraging data, analytics, AI, and cloud technologies. His role aims to enhance customer experience and operational efficiency, driving growth through innovative digital solutions. Under Logani's leadership, EXL plans to implement cutting-edge technologies and develop new products, aligning digital initiatives with overall business strategy. He succeeds Ankor Rai, whose tenure saw significant momentum in EXL’s digital business.
ExlService Holdings (NASDAQ: EXLS) is set to announce its first quarter financial results for the period ended March 31, 2023, on April 27, 2023, before the market opens. A conference call to discuss the operating and financial results will follow at 10:00 a.m. (ET). An investor fact sheet and presentation will also be available on the company’s website before the call. With a focus on data analytics and digital operations, EXL aims to enhance business outcomes and foster growth across various industries including insurance, healthcare, and banking.
EXL has been recognized as a Leader in Everest Group’s Advanced Analytics and Insights Services PEAK Matrix Assessment 2023, marking its fourth consecutive acknowledgment. Key strengths cited include deep domain expertise across sectors such as banking, healthcare, and retail, alongside significant investments in cloud technology and strategic partnerships. EXL aims to enhance client efficiency and business outcomes through its machine learning and artificial intelligence services. The growing demand for robust data strategies positions EXL favorably in the market.
ExlService Holdings (NASDAQ: EXLS) reported strong financial results for the fourth quarter and full year of 2022. Q4 revenue surged to $374.7 million, reflecting a 26.8% year-over-year increase. Q4 diluted EPS reached $0.94, up 13.3% from the previous year, while adjusted diluted EPS rose 28.9% to $1.56. Full year revenue was $1.41 billion, a 25.8% increase, with diluted EPS of $4.23, up 26.3%. The company anticipates 2023 revenue between $1.56 billion and $1.60 billion, marking an 11% to 13% growth. The CFO acknowledged potential recessionary challenges but maintains confidence in achieving double-digit growth.
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