EXL

EXL Announces Appointment of Thomas Bartlett to Board of Directors and Retirement of Board Member Som Mittal

Retrieved on: 
Thursday, March 7, 2024

The company also announced that Som Mittal has notified the board that he will not stand for re-election at EXL’s 2024 annual meeting of stockholders and therefore will be retiring from the board in June 2024.

Key Points: 
  • The company also announced that Som Mittal has notified the board that he will not stand for re-election at EXL’s 2024 annual meeting of stockholders and therefore will be retiring from the board in June 2024.
  • “We are excited to welcome Tom to the board,” said Board Chair Vikram Pandit.
  • “On behalf of EXL and its board of directors, I would also like to thank Som for the wisdom and insights he has contributed since joining the board in 2013,” said Pandit.
  • “EXL is well positioned to take advantage of the coming AI economy, and I look forward to following its continued success.”

EXL Reports 2023 Fourth Quarter and Year-End Results(1); Issues 2024 Guidance

Retrieved on: 
Thursday, February 29, 2024

NEW YORK, Feb. 29, 2024 (GLOBE NEWSWIRE) -- ExlService Holdings, Inc. (NASDAQ: EXLS), a leading data analytics and digital operations and solutions company, today announced its financial results for the quarter and full year ended December 31, 2023.

Key Points: 
  • During the year, we made a strategic pivot in our strategy – to be data- and AI-led in everything we do.
  • While we are mindful of the economic uncertainty heading into 2024, we remain confident we will deliver above industry average revenue and EPS growth in 2024.
  • We expect adjusted diluted EPS to be in the range of $1.56 to $1.62, representing a 9% to 13% increase over 2023.
  • Revenue increased by 0.8% sequentially on reported basis and constant currency basis, from the third quarter of 2023.

EXL collaborates with Microsoft to drive innovation using generative AI

Retrieved on: 
Wednesday, February 28, 2024

With Azure OpenAI Service, EXL’s generative AI platform and decades of experience in data-and AI-led digital solutions, clients will be able to scale AI initiatives rapidly across the enterprise.

Key Points: 
  • With Azure OpenAI Service, EXL’s generative AI platform and decades of experience in data-and AI-led digital solutions, clients will be able to scale AI initiatives rapidly across the enterprise.
  • This announcement expands upon EXL’s generative AI platform, including an AI workbench and 50-plus AI accelerators.
  • In addition, EXL will collaborate with Microsoft to build industry and domain-specific accelerators leveraging EXL’s proprietary data, analytics, and research along with large language models to drive innovation and customer experience.
  • EXL has created a generative AI center of excellence, training 1,500 specialists from the company’s team of over 9,000 data scientists and engineers, that focuses on the rapid development of generative AI solutions.

EXL collaborates with AWS to accelerate commercialization of generative AI solutions

Retrieved on: 
Wednesday, February 28, 2024

NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, announced the roll-out of new generative AI solutions on Amazon Web Services (AWS).

Key Points: 
  • NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, announced the roll-out of new generative AI solutions on Amazon Web Services (AWS).
  • The versatility of EXL’s AI workbench allows organizations to explore various use cases and leverage generative AI technology to address their specific business challenges.
  • “We are thrilled to introduce our generative AI capabilities on AWS,” said Vivek Jetley, executive vice president and Global Head of Analytics at EXL.
  • In addition, EXL recently achieved AWS Service Delivery Partner status for Amazon EMR, supporting big data processing for business intelligence and generative AI use cases.

EXL named a Leader in Everest Group Payment Integrity Solutions PEAK Matrix® Assessment 2024

Retrieved on: 
Tuesday, February 27, 2024

NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, announced that it has been named a Leader in the Everest Group Payment Integrity Solutions PEAK Matrix® Assessment 2024.

Key Points: 
  • NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, announced that it has been named a Leader in the Everest Group Payment Integrity Solutions PEAK Matrix® Assessment 2024.
  • The Everest Group report highlights EXL’s comprehensive portfolio of healthcare analytics solutions and digital solutions.
  • We are honored to receive this Leader designation and look forward to building on this success in the year ahead.”
    As part of this assessment, Everest Group presented a detailed analysis of 18 payment integrity solutions providers.
  • These attributes have led to the recognition of EXL as a Leader in Everest Group's Payment Integrity Solutions PEAK Matrix® Assessment 2024.”
    To read more about the report and to see how EXL compares to its competition, click here .

EXL named to Newsweek’s America’s Most Responsible Companies 2024 list for fourth consecutive year

Retrieved on: 
Wednesday, February 14, 2024

NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, has been named to Newsweek’s list of America’s Most Responsible Companies 2024.

Key Points: 
  • NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, has been named to Newsweek’s list of America’s Most Responsible Companies 2024.
  • America’s Most Responsible Companies ranking focuses on a holistic view of corporate responsibility that considers all three pillars of ESG: environment, social and corporate governance.
  • “It is a testament to our enduring dedication to ethical business practices, sustainability and positive social impact.”
    The full list of America's Most Responsible Companies 2024 can be found on the Newsweek website .
  • EXL published its fourth annual Sustainability Report , highlighting progress across key environmental, social, and governance performance metrics in October 2023.

U.S. Healthcare Industry Races Toward Digital Future

Retrieved on: 
Friday, February 9, 2024

The 2023 ISG Provider Lens™ Healthcare Digital Services report for the U.S. finds that healthcare providers and health insurance companies are increasing their use of digital health tools to enhance the efficiency, accessibility and quality of care.

Key Points: 
  • The 2023 ISG Provider Lens™ Healthcare Digital Services report for the U.S. finds that healthcare providers and health insurance companies are increasing their use of digital health tools to enhance the efficiency, accessibility and quality of care.
  • “A powerful wave of modernization is transforming the U.S. healthcare industry,” said Bob Krohn, partner, Healthcare, for ISG.
  • The 2023 ISG Provider Lens™ Healthcare Digital Services report for the U.S. evaluates the capabilities of 39 providers across three quadrants: Payer Digital Transformation Services, Provider Digital Transformation Services and Healthcare Platform Implementation Services.
  • The 2023 ISG Provider Lens™ Healthcare Digital Services report for the U.S. is available to subscribers or for one-time purchase on this webpage .

Europe’s Automation Efforts Set to Shift Into ‘Hyper’ Drive

Retrieved on: 
Thursday, February 1, 2024

The 2023 ISG Provider Lens™ Intelligent Automation – Services and Solutions report for Europe finds European enterprises are pursuing the ability to drive end-to-end intelligent automation across complex processes and organizational functions.

Key Points: 
  • The 2023 ISG Provider Lens™ Intelligent Automation – Services and Solutions report for Europe finds European enterprises are pursuing the ability to drive end-to-end intelligent automation across complex processes and organizational functions.
  • “Intelligent automation service providers bring important strategic consulting and industry expertise to these hyperautomation initiatives,” said James Ewing, director, ISG Automation, in EMEA.
  • Most leading providers are already investing significantly in GenAI capabilities and developing an extensive set of use cases for GenAI that can be used in intelligent automation initiatives, the ISG report says.
  • The 2023 ISG Provider Lens™ Intelligent Automation – Services and Solutions report for Europe evaluates the capabilities of 37 providers across three quadrants: Intelligent Enterprise Automation, Artificial Intelligence for IT Operations (AIOps) and Next-Gen Automation.

CyberCube Closes Strong Year as it Surpasses 100 Clients

Retrieved on: 
Wednesday, January 31, 2024

CyberCube, the market leader of cyber risk analytics for the insurance industry, marked the end of a positive year of strong growth, surpassing 100 insurance organizations licensing CyberCube solutions.

Key Points: 
  • CyberCube, the market leader of cyber risk analytics for the insurance industry, marked the end of a positive year of strong growth, surpassing 100 insurance organizations licensing CyberCube solutions.
  • CyberCube partnered with over 100 clients across the entire insurance value chain.
  • In 2023, CyberCube launched Version 5.0 of Portfolio Manager , a scenario-based catastrophe model that empowers portfolio-level insights for senior leadership decision-making.
  • We are committed to driving excellence in our analytics that enables CyberCube insurance clients to deliver sustainable, profitable growth for decades to come.

Financial services and insurance leaders confront AI growing pains as focus shifts to large-scale integration

Retrieved on: 
Thursday, January 25, 2024

Its findings shine a spotlight on key focal points for AI and generative AI (GenAI) development as well as the challenges and obstacles they are facing as they implement these solutions throughout their businesses.

Key Points: 
  • Its findings shine a spotlight on key focal points for AI and generative AI (GenAI) development as well as the challenges and obstacles they are facing as they implement these solutions throughout their businesses.
  • Following are some of the report’s key findings:
    AI Pilot Projects Abound, But Most Remain Narrowly Focused: Amid a flurry of AI experimentation, just over one-third (36%) of financial services and insurance firms have implemented company-wide AI initiatives, while the majority (55%) have implemented AI for limited functions within their organizations.
  • Data Silos Hinder Company-Wide AI Integration Efforts: Among firms that have implemented AI for limited functions, 74% say data silos have been a barrier to enterprise-wide implementation.
  • “However, the number one obstacle preventing these projects from getting from concept to fully integrated, enterprise solution is data.