ExlService Holdings, Inc. (EXLS) stock has reached a new 52-week high, trading at $45.09, as the company continues to exhibit strong performance in the market. This new peak reflects a significant uptrend for the business process management firm, which has seen an impressive 67% increase in its stock value over the past year. Investors have shown increased confidence in EXLS's strategic initiatives and growth prospects, contributing to the stock's robust ascent and solidifying its position in the industry.
In other recent news, ExlService Holdings (EXL) experienced significant growth in Q3 2024, reporting a 15% year-over-year revenue increase to $472 million and a 16% rise in adjusted earnings per share to $0.44. 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 robust performance is attributed to strong results across all segments, particularly in Digital Operations and Solutions.
EXL has emphasized its strategic focus on data modernization and artificial intelligence (AI) implementation, which includes the acquisition of ITI Data and a partnership with Databricks. The company expects full-year 2024 revenues to be within the range of $1.825 billion to $1.835 billion and an adjusted EPS between $1.61 and $1.63.
In addition, EXL anticipates sustained low double-digit growth in its Digital Operations segment. The company is also witnessing an increase in the number and value of large deals in the pipeline, indicating strong demand. These recent developments highlight EXL's commitment to growth and innovation in the evolving digital landscape.
InvestingPro Insights
ExlService Holdings, Inc. (EXLS) recent achievement of a new 52-week high is further supported by data from InvestingPro. The stock's strong performance is evident in its 62.08% price total return over the past year, aligning with the article's mention of a 67% increase. This upward trajectory is part of a broader trend, with EXLS showing a 43.98% price total return over the last six months.
InvestingPro data reveals that EXLS is trading at a P/E ratio of 38.98, indicating that investors are willing to pay a premium for the company's earnings. This high valuation multiple suggests market optimism about EXLS's future growth prospects. Additionally, the company's revenue growth of 11.29% over the last twelve months and a 14.87% quarterly revenue growth demonstrate EXLS's ability to expand its business operations.
InvestingPro Tips highlight that EXLS is trading near its 52-week high, corroborating the article's main point. The stock also boasts strong returns over various time frames, including the last three months and the past decade, indicating consistent long-term performance. These insights reinforce investor confidence in EXLS's strategic initiatives and market position.
For readers seeking a deeper analysis, InvestingPro offers 18 additional tips for EXLS, providing a comprehensive view of the company's financial health and market standing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.