Exlservice Hldgs Stock Price, News & Analysis

ExlService Holdings reported a strong performance for Q1 2023, with revenue rising to $400.6 million, a 21.7% increase year-over-year. Diluted EPS (GAAP) surged 41.1% to $1.51, while adjusted diluted EPS grew 22.5% to $1.74. The company is increasing its revenue guidance for 2023 to $1.595 billion to $1.620 billion, reflecting expected growth of 13% to 15%. Additionally, adjusted diluted EPS guidance is raised to $6.75 to $6.90, indicating a 12% to 15% increase from the previous year. Key client wins included 16 new clients in Q1, bolstering their digital operations and analytics.

EXL Appoints New Chief Digital Officer

On April 25, 2023, EXL (NASDAQ: EXLS) announced the promotion of Anand "Andy" Logani to Chief Digital Officer. Logani, a 22-year veteran of EXL, will oversee the company’s digital strategy, focusing on leveraging data, analytics, AI, and cloud technologies. His role aims to enhance customer experience and operational efficiency, driving growth through innovative digital solutions. Under Logani's leadership, EXL plans to implement cutting-edge technologies and develop new products, aligning digital initiatives with overall business strategy. He succeeds Ankor Rai, whose tenure saw significant momentum in EXL’s digital business.

ExlService Holdings (NASDAQ: EXLS) is set to announce its first quarter financial results for the period ended March 31, 2023, on April 27, 2023, before the market opens. A conference call to discuss the operating and financial results will follow at 10:00 a.m. (ET). An investor fact sheet and presentation will also be available on the company’s website before the call. With a focus on data analytics and digital operations, EXL aims to enhance business outcomes and foster growth across various industries including insurance, healthcare, and banking.

EXL has been recognized as a Leader in Everest Group’s Advanced Analytics and Insights Services PEAK Matrix Assessment 2023, marking its fourth consecutive acknowledgment. Key strengths cited include deep domain expertise across sectors such as banking, healthcare, and retail, alongside significant investments in cloud technology and strategic partnerships. EXL aims to enhance client efficiency and business outcomes through its machine learning and artificial intelligence services. The growing demand for robust data strategies positions EXL favorably in the market.

ExlService Holdings (NASDAQ: EXLS) reported strong financial results for the fourth quarter and full year of 2022. Q4 revenue surged to $374.7 million, reflecting a 26.8% year-over-year increase. Q4 diluted EPS reached $0.94, up 13.3% from the previous year, while adjusted diluted EPS rose 28.9% to $1.56. Full year revenue was $1.41 billion, a 25.8% increase, with diluted EPS of $4.23, up 26.3%. The company anticipates 2023 revenue between $1.56 billion and $1.60 billion, marking an 11% to 13% growth. The CFO acknowledged potential recessionary challenges but maintains confidence in achieving double-digit growth.