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 partnered with Brown & Brown Absence Services Group to enhance claims management through AI technology. This collaboration aims to streamline the claims adjudication process by leveraging conversational AI and advanced analytics to analyze unstructured data. The end-to-end service will automate simple claims while routing complex cases to experienced specialists, improving efficiency and accuracy. With over 20 years of experience in disability operations, EXL is set to transform the insurance industry's approach to disability claims management.
Empaxis has partnered with EXL (NASDAQ: EXLS) to enhance middle- and back-office solutions for wealth management firms. This collaboration combines Empaxis' operational expertise with EXL's data analytics capabilities to automate processes and reduce costs. The partnership aims to offer end-to-end support services, enabling wealth managers to improve productivity and stay competitive. With nearly 20 years of experience, Empaxis enhances operational efficiency, while EXL leverages advanced technologies like AI and ML for transformative outcomes.
EXL has announced a strategic alliance with Ernst & Young LLP to drive digital transformation in the insurance, financial services, and health care sectors. This collaboration will focus on integrating data analytics with operations management to enhance business outcomes and reduce costs. The alliance aims to build on previous successful projects and offers clients tailored solutions addressing talent, experience, and operational objectives. Both companies will leverage their expertise to help clients navigate today's complex economic landscape.
EXL (NASDAQ: EXLS) has been recognized as a Leader in Everest Group’s 2022 Digital Platform and Augmentation Suite (DPAS) in Insurance BPS PEAK Matrix Assessment. The report highlights EXL's strong growth, industry-specific analytics, and digital solutions that enhance client value. Key factors contributing to this recognition include significant investments in content extraction and customer experience transformation. Everest Group emphasizes the importance of digital platforms in modernizing the insurance industry amidst rising operational costs and customer demands for innovation.
ExlService Holdings reported Q3 2022 revenues of $361.4 million, a 24.5% increase year-over-year. Q3 diluted EPS (GAAP) rose to $1.16 from $0.77 a year ago, while adjusted diluted EPS increased to $1.54, up 18.5%. Analytics led growth with a 38% revenue increase, while Digital Operations grew 14.8%. The company raised its 2022 revenue guidance to $1.39-$1.40 billion and adjusted diluted EPS guidance to $5.85-$5.95, reflecting strong demand for data-led solutions.
EXL, a leading data analytics and digital operations firm, will hold an Investor and Analyst Day on November 16, 2022, in New York City. The event, hosted by Vice Chairman and CEO Rohit Kapoor, will showcase the company's data-led enterprise strategy, demonstrating how structured and unstructured data drives client success and aligns with EXL’s growth and financial goals. Starting at 9:30 AM EST, the presentations will begin at 10:00 AM EST. In-person and webcast registrations are available.
ExlService Holdings, Inc. (EXLS) will announce its financial results for Q3 2022 on October 27, 2022, before market opening. A conference call is scheduled for 10:00 a.m. (ET) to discuss these results. An Investor Fact Sheet will be available on the company's website prior to the call. Interested participants must register to join the live call, and an audio-only webcast will be accessible in the Investors section of the EXL website, with a replay available for one year.
FAQ
What is the current stock price of ExlService Holdings (EXLS)?
What is the market cap of ExlService Holdings (EXLS)?
What does ExlService Holdings, Inc. do?
Where is EXL headquartered?
How many employees does EXL have?
What recent financial initiative has EXL announced?
Which segment contributes the most to EXL's revenue?
Who is the CEO of EXL?
What industries does EXL serve?
What is EXL's approach to business transformation?
How does EXL support client operations?
What recognition has EXL received for its services?
