Exlservice Hldgs Stock Price, News & Analysis

EXL, a prominent operations management and analytics company, has forged a strategic partnership with ACORD to advance digital solutions for the property and casualty (P&C) insurance sector. This alliance focuses on enhancing operations in underwriting, distribution, and claims management by leveraging ACORD’s data standards and solutions. The partnership aims to reduce costs, improve data exchange accuracy, and accelerate processes, ultimately enhancing client experiences in insurance services.

ExlService Holdings (NASDAQ: EXLS) announced participation in several upcoming investor conferences in May and June 2021. The senior leadership team will engage with investors through meetings and presentations, highlighting the company's role as a key partner for data-driven business solutions. Key events include:

• Needham & Company Annual Technology & Media Conference on May 17
• Barrington Research Annual Spring Investment Conference on May 27
• Cowen & Company Technology, Media & Telecom Conference on June 2
• Baird Global Consumer Technology & Services Conference on June 9
• Stifel Virtual Cross Sector Insight Conference on June 10

ExlService Holdings reported Q1 2021 revenues of $261.4 million, a 6.3% increase year-over-year. Q1 diluted earnings per share (GAAP) rose to $0.93, up from $0.65 in Q1 2020. Adjusted diluted EPS reached $1.18, marking a 46% year-over-year increase. The company won 14 new clients and is increasing its revenue guidance for 2021 to between $1.04 billion and $1.07 billion, reflecting an 8% to 11% anticipated growth. Challenges remain due to the pandemic impacting delivery centers, particularly in India and the Philippines.

EXL (NASDAQ: EXLS) announced the retirement of Pavan Bagai, President and COO, effective October 1, 2021. His roles will transition to other executives over the coming months. Rohit Kapoor, CEO, praised Bagai's contributions over his 19-year tenure, particularly in establishing the foundation of EXL's operations and analytics businesses. Bagai expressed pride in the company's growth and readiness for a digital future. The company continues to position itself strongly in the operational management and analytics sectors, serving diverse industries globally.

ExlService Holdings, Inc. (NASDAQ: EXLS) will announce its Q1 financial results for the period ending March 31, 2021, on April 29, 2021, before market opening. A conference call will be held that morning at 10:00 a.m. ET to discuss these results. The call can be accessed live through the investor relations section of EXL's website. EXL is a prominent operations management and analytics company, aiding clients across various sectors including insurance, healthcare, and banking to enhance operations and profitability.

EXL (NASDAQ: EXLS) has published a report through its EXL Health division, revealing significant post-COVID-19 healthcare cost increases. The analysis shows that health insurance costs more than double, averaging $470 per month for five months after a COVID diagnosis. For individuals with preexisting conditions, costs further escalate, reaching $1,541 monthly. Additionally, a projected 18% rise in future avoidable healthcare spending due to delayed care and increased gaps in routine services is expected. The report provides a roadmap for addressing these challenges.

ExlService Holdings (NASDAQ: EXLS) reported Q4 2020 revenues of $249.0 million, a 3.1% decrease year-over-year, with diluted EPS (GAAP) at $0.94, up from $0.62 in Q4 2019. Full-year revenues totaled $958.4 million, down 3.3% year-over-year, but adjusted EPS rose to a record $3.53, a 14% increase. The company anticipates 2021 revenues between $1.04 billion and $1.06 billion, representing a 9% to 11% increase. ExlService ended 2020 with strong cash flow and a healthy balance sheet, indicating resilience amid pandemic challenges.

EXL (NASDAQ: EXLS) has launched LDS 2.0, a new digital solution for life and annuities insurers. This update includes advanced automation tools powered by machine learning, allowing insurers to speed up product launches and enhance the online buying experience. Since its inception in 2010, LDS has helped insurers in eight countries introduce over 100 products, averaging a 12-week time to market. The solution features a cloud-based platform with embedded analytics, configurable workflows, and performance dashboards to support both consumers and advisers effectively.