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 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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