EXL partners with Databricks to ease code migration efforts

NEW YORK - EXL [NASDAQ: EXLS], a global data and AI company with a market capitalization of $7.5 billion and an "GREAT" financial health rating according to InvestingPro, announced its enhanced partnership with Databricks to launch a new solution that significantly reduces the manual effort required for migrating code from SAS to the Databricks Data Intelligence Platform. With the introduction of the GenAI-enabled Code Harbor™ solution, enterprises can now expect up to an 80% reduction in manual effort during this migration process.

The Code Harbor solution by EXL is designed to address the challenges faced by industries such as insurance, banking, and healthcare in modernizing their data environments. It supports not only SAS but also other languages and ETL platforms, including BTEQ, HQL, PL/SQL, SQL Server, R, Informatica, Alteryx, and DataStage.

A recent collaboration between EXL and a global insurance provider demonstrated the solution’s efficacy, with the client achieving a 50% faster migration to Databricks’ platform and substantial improvements in compliance and governance integration.

EXL’s Chief Digital and AI Officer, Anand ’Andy’ Logani, highlighted the benefits of the solution, emphasizing the significant reduction in manual effort and accelerated migration timelines that it offers.

The partnership also marks EXL’s elevation to Select partner status within the Databricks ecosystem, which is expected to further accelerate the development of new AI and GenAI solutions.

The Code Harbor solution leverages Databricks’ Unity Catalog and governance layer to ensure enterprise-grade discoverability, traceability, and compliance throughout the migration process. By automating the assessment, writing, and optimization of code, the solution promises faster delivery, reduced costs, and enhanced accuracy for enterprises transitioning to modern cloud environments.

EXL, founded in 1999 and headquartered in New York, employs approximately 60,000 people across six continents, offering data and AI-driven solutions to reinvent business models and drive growth for leading corporations in various industries. The company has demonstrated strong operational performance with a 14.18% revenue growth and maintains a healthy liquidity position with a current ratio of 3.41. InvestingPro analysis reveals 12 additional key insights about EXL’s financial position and growth prospects, available to subscribers.

This announcement is based on a press release statement and is accompanied by a cautionary note advising readers not to place undue reliance on forward-looking statements due to numerous uncertainties. According to InvestingPro data, EXL has delivered an impressive 55.48% return over the past year, though it currently trades at relatively high earnings multiples. For comprehensive analysis and detailed valuation metrics, investors can access the full Pro Research Report, part of the extensive coverage available for over 1,400 US stocks on InvestingPro.

In other recent news, ExlService Holdings Inc. reported strong financial results for the first quarter of 2025, surpassing earnings expectations. The company announced an adjusted earnings per share (EPS) of $0.48, exceeding the forecast of $0.44, while revenue reached $511 million, surpassing the expected $487.91 million. This reflects a 15% year-over-year revenue growth, driven by innovations in artificial intelligence (AI) and data solutions. Additionally, ExlService expanded its medium-term model outlook to 2026, anticipating double-digit revenue growth and year-over-year margin expansion. Stifel analysts maintained their Hold rating on ExlService shares, with a price target of $54, highlighting the company’s focus on AI, which is reportedly leading to market share gains. ExlService also earned the Microsoft Solutions Partner status for Data and AI, enhancing its offerings with new solutions in the Microsoft Azure Marketplace. These developments underscore the company’s strategic focus on AI and data-driven solutions, positioning it well in the market.

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