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Exela Technologies Inc - XELAP STOCK NEWS

Welcome to our dedicated news page for Exela Technologies (Ticker: XELAP), a resource for investors and traders seeking the latest updates and insights on Exela Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Exela Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Exela Technologies's position in the market.

Rhea-AI Summary
Exela Technologies signs new customer for its Marketing Execution solution, estimated contract value of $7.5 million, positive impact on revenue
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
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none
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Rhea-AI Summary
Exela Technologies, Inc. announced its financial results for Q2 2023. Revenue increased by 2.3% YoY to $272.9 million. Net loss was $30.9 million. Gross profit increased by 23.0% YoY to $60.9 million. Adjusted EBITDA increased by 12.1% YoY to $40.9 million. New TCV wins amounted to $106.2 million. Long-term liability reduced to $792 million. Completion of Debt Recapitalization and XBP Europe progress. Nasdaq non-compliance notice received.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
Tags
earnings
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Rhea-AI Summary
Exela Technologies, Inc. announced its financial results for Q2 2023. Revenue increased by 2.3% YoY to $272.9 million. Net loss was $30.9 million. Gross profit increased by 23.0% YoY to $60.9 million. Adjusted EBITDA increased by 12.1% YoY to $40.9 million. New TCV wins amounted to $106.2 million. Long-term liability reduced to $792 million. Completion of Debt Recapitalization and XBP Europe progress. Nasdaq non-compliance notice received.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.09%
Tags
earnings
Rhea-AI Summary
Exela Technologies, Inc. (NASDAQ: XELA, XELAP) will host a conference call to discuss second quarter 2023 results on August 14, 2023. The call will be led by Par Chadha, Executive Chairman, and Shrikant Sortur, Chief Financial Officer. The webcast will be available on Exela's Investor Relations website, and a replay will be accessible until August 21, 2023. To receive financial news by email, visitors can subscribe to E-mail Alerts on the Exela Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.37%
Tags
conferences earnings
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Rhea-AI Summary
Exela Technologies, Inc. (NASDAQ: XELA, XELAP) will host a conference call to discuss second quarter 2023 results on August 14, 2023. The call will be led by Par Chadha, Executive Chairman, and Shrikant Sortur, Chief Financial Officer. The webcast will be available on Exela's Investor Relations website, and a replay will be accessible until August 21, 2023. To receive financial news by email, visitors can subscribe to E-mail Alerts on the Exela Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.05%
Tags
conferences earnings
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Rhea-AI Summary
Exela Technologies collaborates with Microsoft to leverage generative AI technologies on Microsoft Azure, strengthening AI initiatives. Exela's customers can drive personalized engagement, optimized workflow automation, and industry-leading AI-decisioning capabilities. Generative AI will enhance customer service for software products and speed up document lifecycle management. Exela is committed to using generative AI responsibly and ethically.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.96%
Tags
AI
Rhea-AI Summary
Exela Technologies collaborates with Microsoft to leverage generative AI technologies on Microsoft Azure, strengthening AI initiatives. Exela's customers can drive personalized engagement, optimized workflow automation, and industry-leading AI-decisioning capabilities. Generative AI will enhance customer service for software products and speed up document lifecycle management. Exela is committed to using generative AI responsibly and ethically.
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End-of-Day
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Rhea-AI Summary
Exela Technologies has obtained the highest-level certification from Germany's Federal Office for Information Security, TR-Resiscan. The certification recognizes Exela's robust security measures and commitment to data protection and privacy. Compliance with the certification demonstrates due diligence and adherence to recognized standards required by data protection laws.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.14%
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none
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Rhea-AI Summary
Exela Technologies has obtained the highest-level certification from Germany's Federal Office for Information Security, TR-Resiscan. The certification recognizes Exela's robust security measures and commitment to data protection and privacy. Compliance with the certification demonstrates due diligence and adherence to recognized standards required by data protection laws.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.07%
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none
Rhea-AI Summary
Exela Technologies signs additional US counties for its Digital Mailroom solution, contributing to revenue growth in its ITPS segment. The solution brings organization and clarity to the digital transformation process and enhances document access and usability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.04%
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Exela Technologies Inc

Nasdaq:XELAP

XELAP Rankings

XELAP Stock Data

6.36M
2.32%
44.29%
Data Processing, Hosting, and Related Services
Information
Link
US
Irving

About XELAP

exela is a business process automation (bpa) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience.with decades of expertise operating mission-critical processes, exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the fortune ® 100.with foundational technologies spanning information management, workflow automation, and integrated communications, exela’s software and services include multi-industry department solution suites addressing finance, accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and public sectors.through cloud-enabled platforms, built on a configurable stack of automation modules, and over 17,500 employees operating in 23 countries, exela rapidly deploys integrated technology and operations as an end-to-end digital journey