Exlservice Hldgs Stock Price, News & Analysis

ExlService Holdings (NASDAQ: EXLS) reported Q3 2021 revenues of $290.3 million, a 20.5% increase year-over-year. Diluted earnings per share (GAAP) rose to $0.77 from $0.76 in Q3 2020, while adjusted diluted EPS (Non-GAAP) increased to $1.30, up 25.0% from the prior year. The company expanded its client base by adding 40 new clients in 2021, reflecting growth driven by analytics and AI initiatives. Revenue guidance for the full year is adjusted to between $1.11 billion and $1.12 billion, a 15% to 16% increase compared to 2020.

ExlService Holdings (NASDAQ: EXLS) has announced a new $300 million stock repurchase program effective January 1, 2022, replacing the previous $200 million plan set in December 2019, which has seen approximately $162 million repurchased by September 30, 2021. The new program enables the company to buy shares on the open market and through private transactions as deemed appropriate by management, while ensuring compliance with securities regulations. This initiative aims to enhance shareholder value and manage excess capital, providing flexibility in share repurchase timing and volume.

EXL has appointed Ankor Rai and Narasimha Kini to its Executive Committee as of October 1, 2021, to support its growth in analytics and digital solutions. Rohit Kapoor, Vice Chairman and CEO, highlighted their instrumental roles in steering the company's evolution towards data-driven strategies. Ankor, as Chief Digital Officer, leverages AI and analytics for client transformation, while Kini, with over 21 years at EXL, focuses on enhancing customer experiences and aligning advanced digital solutions. This leadership change aims to fortify EXL's position in the competitive analytics market.

EXL has launched a new Patient Engagement Platform that utilizes AI and real-world patient data to enhance care management. This platform, aimed at health plans and self-insured employers, promotes adherence to value-based guidelines through automated interventions, text messaging, and personalized outreach by nurse care managers. The platform integrates advanced analytics to identify patients needing intervention, optimizing care management plans while enhancing engagement through various channels. This innovation underscores EXL's commitment to improving client business outcomes and supporting healthcare payers.

ExlService Holdings, Inc. (EXLS) will report its third quarter financial results on November 2, 2021, before market opening. A conference call to discuss these results will take place at 10:00 a.m. ET that day. Investors can access the call via the company’s website or by phone. Founded on core values of innovation and excellence, EXL provides analytics and digital solutions to enhance business outcomes across various sectors including insurance and healthcare. The company operates globally with over 33,000 employees in more than 50 offices.

First National Bank of Omaha (FNBO) has introduced a new buy-now-pay-later (BNPL) solution aimed at enhancing customer purchasing options through merchant partners. This initiative, developed in collaboration with EXL and Skeps, allows customers to make purchases and pay later through seamless integration into online and physical store systems.

FNBO's BNPL solution promises quick processing and loan approval, utilizing advanced technology for credit strategies and fraud prevention. The BNPL market is projected to grow by over 40% this year.

EXL has announced its new brand promise, focusing on aiding clients in enhancing customer experience, increasing revenue, and improving efficiency. The company has evolved from a business process management firm to a leader in analytics and digital solutions. With a revenue exceeding $1 billion, EXL is addressing major challenges for industries like insurance, healthcare, and banking. The firm emphasizes its strengths in AI, cloud, and advanced analytics, promising clients enhanced decision-making capabilities and operational models.