Exlservice ( (EXLS) ) has realeased its Q3 earnings. Here is a breakdown of the information Exlservice presented to its investors.
ExlService Holdings, Inc. is a prominent data analytics and digital operations company, providing innovative solutions across industries such as insurance, healthcare, and financial services. Headquartered in New York, EXL leverages AI and data-driven strategies to enhance business operations globally.
ExlService reported strong financial results for the third quarter of 2024, showcasing a revenue increase to $472.1 million, marking a 14.9% rise compared to the same period last year. The company’s data and AI-led strategy has contributed significantly to its growth, as reflected in the improved earnings per share.
Key highlights of the financial performance include a 24.2% increase in diluted earnings per share, reaching $0.33, and a 16.3% rise in adjusted diluted earnings per share to $0.44. The company also achieved a significant milestone by securing 13 new clients and launching an innovative insurance-specific large language model (LLM) developed with NVIDIA AI software.
EXL’s expansion plans include strengthening partnerships, such as the collaboration with Databricks to enhance data management solutions. The company also received recognition as a major player in the IDC MarketScape for data modernization services and was named one of America’s Most Reliable Companies by Newsweek.
Looking ahead, ExlService has raised its full-year revenue guidance to between $1.825 billion and $1.835 billion, reflecting a 12% to 13% growth. The company remains optimistic about sustaining its momentum through strategic innovations and expanding its AI and data modernization capabilities.
