ExlService Holdings, Inc. (EXLS) stock has reached an all-time high, touching $47.73, as the company continues to exhibit strong performance and investor confidence. With a market capitalization of $7.57 billion and an InvestingPro Financial Health score of "GREAT," the company demonstrates robust fundamentals. This new peak represents a significant milestone for EXLS, reflecting a remarkable 1-year change of 48.83%. The surge to record levels underscores the market’s positive reception to the company’s strategic initiatives and its ability to maintain growth, evidenced by an 11.29% revenue increase over the last twelve months. Investors are closely monitoring EXLS as it navigates through the current fiscal year, capitalizing on the momentum that has propelled the stock to unprecedented heights. For deeper insights into EXLS’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro, which covers 14 additional key metrics and analysis.
In other recent news, ExlService Holdings demonstrated substantial growth in its Q3 2024 earnings call, reporting a 15% year-over-year revenue increase to $472 million and a 16% growth in adjusted earnings per share to $0.44. Notably, the company has raised its full-year 2024 revenue guidance to between $1.825 billion and $1.835 billion, reflecting a 12% to 13% year-over-year growth. This surge in performance is largely attributed to the strong outcomes in Digital Operations and Solutions, and the company’s ongoing investment in AI and data modernization.
EXL’s recent acquisition of ITI Data and a partnership with Databricks are significant steps towards enhancing its data analytics capabilities. The company also reported nearly 1 million training hours completed this year, indicating its commitment to talent development. Furthermore, EXL anticipates sustained low double-digit growth in its Digital Operations segment.
However, the company also acknowledges inherent volatility in the Analytics segment despite its growth. The company’s outlook for 2024 includes projected adjusted EPS between $1.61 and $1.63, and capital expenditures for data and AI investments estimated at $48 million to $52 million. These recent developments underscore EXL’s strategic focus on data modernization and AI implementation.
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