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) 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.
EXL (NASDAQ: EXLS) has been recognized as a Leader in Payer Digital Transformation Services for the second consecutive year in the ISG Provider Lens™ Healthcare Digital Services 2022 report. Additionally, the company was named a Product Challenger for Provider Digital Transformation Services and Healthcare Interoperability Services. Anita Mahon emphasized the need for digital strategies that enhance payer-client engagement and decision-making. Ron Exler noted EXL's role in addressing the healthcare industry's demand for real-time solutions, which facilitate better resource allocation. The recognition underscores EXL's commitment to innovation and data-led performance improvements in healthcare.
ExlService Holdings, Inc. (NASDAQ: EXLS) announces the upcoming retirement of Anne E. Minto from its Board of Directors, effective June 2023. Minto, who will not seek re-election at the 2023 annual stockholders meeting, has served on the board for a decade, significantly contributing to the company’s growth. Vikram S. Pandit, Chairman of the Board, and CEO Rohit Kapoor praised Minto's leadership, particularly in talent management and business expansion across the U.K. and Europe. Minto expressed gratitude for her time at EXL and confidence in its future success.
ExlService Holdings, Inc. (EXLS) will announce its fourth quarter and full-year financial results for 2022 on Feb. 23, 2023, before market opening. The company will provide insights into its operational performance during a conference call at 10:00 a.m. ET, which can be joined via registration. An investor fact sheet and presentation will be available on the company's website prior to the call. EXLS is a leader in data analytics and digital solutions, serving various sectors such as insurance and healthcare, with a global workforce of over 43,100 employees. For more details, visit www.exlservice.com.
EXL (NASDAQ: EXLS) has been recognized as a Leader in the U.S. for Life & Retirement Insurance BPO Services, Property & Casualty Insurance BPO, and Life & Retirement TPA Insurance Services in the ISG Provider Lens™ Insurance Services 2022 report. This marks the fourth consecutive year EXL has achieved these designations. The report highlights EXL's commitment to innovation and comprehensive service offerings, which are essential for navigating market volatility. Vikas Bhalla, Executive VP at EXL, emphasizes the company's focus on providing personalized solutions through data analytics and digital tools to enhance customer experience.
ExlService Holdings, Inc. (NASDAQ: EXLS) announced the retirement of Clyde W. Ostler from its Board of Directors in June 2023. Ostler, who joined the board in 2007, has significantly impacted EXL, particularly as Chair of the Audit Committee from 2012 to 2022. His leadership contributed to EXL's growth from a market capitalization of $600 million in 2007 to over $5 billion today. The company, recognized for its data analytics and digital solutions, aims to sustain its growth momentum following Ostler's retirement.
ExlService Holdings, Inc. (NASDAQ: EXLS) has appointed Andreas Fibig as an independent director to its Board effective Jan. 10, 2023. With over 25 years of experience in international healthcare and pharmaceuticals, Fibig is expected to enhance EXL's strategic growth, particularly in Europe. The company’s Chairman, Vikram Pandit, and CEO, Rohit Kapoor, emphasized Fibig's strong leadership experience and his insights into the global market. Fibig previously served as CEO of International Flavors & Fragrances and holds positions on various boards, indicating a strong pedigree in corporate governance.
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