Welcome to our dedicated page for Exlservice Hldgs news (Ticker: EXLS), a resource for investors and traders seeking the latest updates and insights on Exlservice Hldgs stock.
ExlService Holdings, Inc. reports news as a global data and AI company providing analytics, digital operations and AI-led services for clients in insurance, healthcare and life sciences, banking and capital markets, retail, communications and media, energy and infrastructure, and other industries. Company updates commonly address quarterly results, revenue and earnings guidance, client demand for data and AI programs, and progress in embedding AI into enterprise workflows.
Recurring developments also include EXLerate.ai agentic AI platform enhancements, AI governance and decision-intelligence capabilities, cloud and technology collaborations with partners such as Google Cloud and NVIDIA, capital allocation actions including share repurchase programs, and board governance updates tied to the company’s public-company oversight structure.
EXL (NASDAQ: EXLS) has been recognized as one of the best management consulting firms in Insurance by Forbes, based on a survey of over 8,000 executives. This accolade reflects the firm's strong relationship with clients in the insurance sector, emphasizing its role as a strategic transformation partner. Senior executives from EXL expressed pride in this recognition, highlighting their commitment to aiding insurance clients in navigating challenges with AI, analytics, and digital tools. The firm aims to enhance operational resilience and support growth opportunities.
ExlService Holdings, Inc. (NASDAQ: EXLS) updated its 2020 guidance, predicting full-year revenue between $945 million and $955 million, and adjusted diluted EPS between $3.35 and $3.45. This reflects an increase from previous guidance of $922 million to $938 million in revenue and EPS of $2.60 to $2.80. For Q3 2020, revenue is expected to exceed $239 million with an EPS of at least $1.00. CEO Rohit Kapoor noted strong demand for analytics services and operational improvements, while CFO Maurizio Nicolelli announced an acceleration of the stock repurchase program with a target of $80 million for 2020.
EXL (NASDAQ: EXLS) has announced a five-year contract extension with Centrica, enhancing their long-term partnership. The collaboration aims to leverage EXL's digital and analytics capabilities to improve efficiency and customer experiences for Centrica.
Matthew Egan from British Gas expressed satisfaction with the partnership, emphasizing innovative operational strategies using advanced analytics and automation. EXL's proprietary Management Information Assistant (MIA) will aid in managing operations through advanced data visualizations, demonstrating their commitment to impactful business transformations.
ExlService Holdings, Inc. (NASDAQ: EXLS) reported Q2 2020 revenues of $222.5 million, down 8.6% year-over-year and 9.6% sequentially. Diluted EPS (GAAP) was $0.24, compared to $0.36 in Q2 2019, while adjusted diluted EPS was $0.53, down from $0.74. The company maintained a strong balance sheet with $335.6 million in cash and short-term investments. 2020 revenue guidance is $922 million to $938 million, reflecting a 3.5% to 5.0% reduction from 2019. CEO Rohit Kapoor noted resilience in operations amid COVID-19 challenges.
EXL, a leading Operations Management and Analytics company, announced its recognition as a Leader in three categories of the 2020 ISG Provider Lens™ report for Financial and Accounting Outsourcing in the US and UK. The report highlights EXL’s strengths in finance and accounting consulting, strategic finance services, and transactional finance services. Notably, EXL was recognized for its robust industry-specific solutions, advanced data analytics capabilities, and commitment to delivering real-time insights that support CFOs in transforming finance operations.
ExlService Holdings, Inc. (EXLS) will release its financial results for Q2 2020 on August 6, 2020, before market opening. A conference call will follow at 10:00 a.m. ET to discuss the results.
Interested parties can access the live call through EXL's investor relations website or dial in at 1-(877) 303-6384 for US participants or 1-(224) 357-2191 for international callers. A replay will also be available on the website following the call.
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