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Exela Technologies Inc is a business process automation (BPA) leader combining industry-specific and multi-industry enterprise software and solutions. The company's BPA suite of solutions is deployed in banking, healthcare, insurance, and other industries. The company's segment includes Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal and Loss Prevention Services (LLPS). It generates maximum revenue from the ITPS segment.
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Exela Technologies, Inc. will host a conference call to discuss fourth quarter and full year 2023 financial results on April 17, 2024. Par Chadha, Executive Chairman, and Matt Brown, Interim CFO, will review the results. The call will be broadcast live on Exela's Investor Relations website. Replay will be available until April 24, 2024.
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Exela Technologies Inc. reported a 1.2% decline in revenue to $1,064.1 million for 2023 but saw an improvement in operating profit to $8.1 million. The net loss decreased to $124.4 million, with certain subsidiaries issuing new notes in exchange for existing ones. The company focused on stabilizing revenues, reducing debt, and investing in growth areas like cyber security and data modernization.
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Exela Technologies, Inc. adjourned the Annual Meeting of Stockholders due to lack of required quorum. The Meeting will reconvene on June 13, 2024, to allow additional time for stockholders to vote on proposals. Stockholders are urged to exercise their right to vote their shares. Proxy information is available at the SEC website. The Company asks all stockholders to vote their proxy, no matter how many shares they own.
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Exela Technologies, Inc. and XBP Europe announce the launch of a new Global Business Unit, Reaktr.ai, spearheaded by industry veteran Vineet Chaku as President. The move positions the Company at the forefront of the cyber, large data, and generative AI landscape, focusing on AI-Powered Growth, Data Modernization, Multi-Cloud Management, and Cybersecurity. The launch aims to address the rapidly changing industry and meet the demand for scalable AI platforms and modernized data infrastructure.
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Exela Technologies, Inc. (NASDAQ: XELA, XELAP) has been recognized as a Disruptor in the Avasant Talent Acquisition Business Process Transformation 2023–2024 RadarView. The report evaluated 42 providers, with Exela Technologies standing out for its product-first approach, proprietary solutions such as the Exela Applicant Tracking platform and the Assessments platform, and strategic investment in European expansion and generative AI integration. This recognition reflects Exela's commitment to innovation and excellence in business process automation.
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Exela Technologies, Inc. (XELA) adjourns the Annual Meeting of Stockholders due to lack of required quorum, reconvening on January 26, 2024, to allow additional time for shareholders to vote on proposals. The Company urges all stockholders to exercise their right to vote their shares by proxy.
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Exela Technologies, Inc. (NASDAQ: XELA, XELAP) urges stockholders to vote ahead of the upcoming annual meeting of stockholders, recommending 'FOR' all proposals and 'FOR' each director nominee.
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Exela Technologies, Inc. (NASDAQ: XELA, XELAP) has been recognized as an Emerging Solution Provider in the Hackett Value Matrix™ for Finance and Accounting Outsourcing Solution Providers. The Hackett Group acknowledges Exela's robust accounting automation and tools to accelerate clients' efficiency and effectiveness journey, with over 2,400 clients benefitting from their FAO solutions.
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Exela Technologies, Inc. (NASDAQ: XELA, XELAP) has been included in Forrester's 'Accounts Payable Invoice Automation Landscape, Q4 2023 report'. The report focuses on how accounts payable invoice automation can streamline invoice data capture, automate validation processes, and provide financial analysis. Forrester identifies Advanced AI as a new differentiator. Exela has been recognized for its dedication to developing technology that lowers costs and improves supplier relationships.
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Exela Technologies, Inc. (NASDAQ: XELA; XELAP) adjourned the Annual Meeting of Stockholders due to a lack of required quorum. The Meeting will reconvene on December 29, 2023. Shareholders are urged to vote by proxy. No changes have been made in the proposals to be voted on by stockholders at the Meeting.
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FAQ
What is the current stock price of Exela Technologies 6.00% Series B Cumulative Convertible Perpetual Preferred Stock (XELAP)?
The current stock price of Exela Technologies 6.00% Series B Cumulative Convertible Perpetual Preferred Stock (XELAP) is $1.304 as of November 4, 2024.
What does Exela Technologies Inc specialize in?
Exela Technologies Inc specializes in business process automation (BPA) and offers industry-specific and multi-industry enterprise software and solutions.
In which industries does Exela Technologies Inc operate?
Exela Technologies Inc operates in banking, healthcare, insurance, and other industries with its BPA suite of solutions.
What are the primary revenue-generating segments for Exela Technologies Inc?
The Information and Transaction Processing Solutions (ITPS) segment is the primary revenue-generating segment for Exela Technologies Inc.
How many customers does Exela Technologies Inc serve?
Exela Technologies Inc serves a growing roster of more than 4,000 customers across 50 countries, including over 60% of the Fortune® 100.
What is the core technology utilized by Exela Technologies Inc?
Exela Technologies Inc leverages foundational technologies spanning information management, workflow automation, and integrated communications.
Exela Technologies, Inc. 6.00% Series B Cumulative Convertible Perpetual Preferred Stock
Nasdaq:XELAP
XELAP Rankings
XELAP Stock Data
3.03M
2.32%
45.35%
Software - Application
Services-business Services, Nec
United States of America
IRVING