3. ExlService Holdings, Inc. (NASDAQ:EXLS)
Number of Hedge Fund Holders as of Q4: 27
Navellier & Associates’ Equity Stake: $5.02 Million
ExlService Holdings, Inc. (NASDAQ:EXLS) is a global analytics and digital solutions company that provides services to a wide range of industries, including insurance, healthcare, banking and financial services, media, and retail. The company reported strong financial results for the fourth quarter of 2024, with revenue reaching $481.4 million, representing a 16.3% increase compared to the same period in the previous year. Earnings per share (EPS) rose to $0.31 from $0.24 in Q4 2023.
For the full year 2024, ExlService Holdings, Inc. (NASDAQ:EXLS) delivered revenue of $1.84 billion, reflecting a 12.7% increase year-over-year, while EPS for the year climbed to $1.21, up from $1.10 in 2023. The company’s business segments showed strong performance, with the Insurance segment generating $162.0 million in Q4 2024, an increase from $139.1 million in the same quarter the year before. The Analytics segment also posted notable growth, with revenue rising to $207.7 million from $182.0 million in Q4 2023.
In addition to its financial achievements, ExlService Holdings, Inc. (NASDAQ:EXLS) made significant operational advancements. The company launched EXLerate.AI, an artificial intelligence platform designed to improve operational efficiency and scalability across its business processes. EXL also expanded its client base, securing 17 new clients in the fourth quarter alone, bringing the total number of new clients for 2024 to 69.
Looking ahead, ExlService Holdings, Inc. (NASDAQ:EXLS) has issued optimistic guidance for 2025, projecting revenue between $2.025 billion and $2.060 billion, reflecting growth of 10% to 12% on a reported basis and 11% to 13% on a constant currency basis. The company also expects adjusted diluted EPS to range from $1.83 to $1.89, indicating an increase of 11% to 14% from 2024.
ExlService Holdings, Inc. (NASDAQ:EXLS)’s strong financial performance and growth potential have attracted the attention of notable investors, effectively placing it in the list of Louis Navellier’s new stock picks. In the December 2024 quarter, Navellier & Associates invested over $5 million in the company, acquiring 113,037 shares, signaling confidence in EXL’s long-term prospects.
Polen Global SMID Company Growth stated the following regarding ExlService Holdings, Inc. (NASDAQ:EXLS) in its Q3 2024 investor letter:
“We initiated a position in ExlService Holdings, Inc. (NASDAQ:EXLS), a business process outsourcing company that we think has become a leader in data services over time. Exlservice is a diversified business with 95% customer renewal rates and four-to-five-year contracts. While the work is not glamorous, the company is experiencing strong demand from customers attempting to determine how to best clean up and structure data to participate in the next stages of digital transformation, including generative Al (“GenAl”). We expect this strong customer demand to continue. Many companies are faced with significant basic blocking to benefit from GenAl successfully. Simultaneously, the company invests heavily in developing GenAl-enabled tools and recently announced partnerships with Microsoft and AWS (Amazon Web Services is’ Amazon’s comprehensive cloud computing platform) to co develop Al solutions and accelerate go-to-market plans.”
