Today, Shares of ExlService Holdings Inc. hit a high point that hasn’t been reached since June 2008. ExlService Holdings, Inc., together with its subsidiaries, provides outsourcing and transformation services primarily in the United States and the United Kingdom. ExlService trades on the "NASDAQ" under the stock symbol "EXLS" .For the Latest information regarding "EXLS", make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Shares of ExlService Holdings Inc. hit their highest point since June 2008 Wednesday after the company's fourth-quarter results and 2010 sales guidance topped analyst expectations. ExlService shares recently traded down 43 cents, or 25 percent, at $17.05, but earlier traded as high as $19.51. That was their highest price in nearly 2 years.
"The company's business is solidly picking up," JPMorgan analyst Tien-tsin Huang wrote in a research note, boosting his rating on the outsourcer to "Neutral" from "Underweight."
Late Tuesday, the New York Company reported quarterly income of $7.5 million, or 25 cents per share, compared with $3.4 million, or 12 cents per share, in the same quarter of the previous year.
About ExlService Holdings Inc:
ExlService Holdings, Inc., together with its subsidiaries, provides outsourcing and transformation services primarily in the United States and the United Kingdom. Its outsourcing services comprise claims processing, premium and benefit administration, agency management, account reconciliation, policy research, policy servicing, and customer services for insurance sector; and servicing and processing various banking products, including residential mortgage lending, consumer finance, retail banking, credit cards, transaction services, and other banking services, as well as transaction processing, underwriting support, documentation management, and collateral monitoring for banking and financial services sector. The company’s outsourcing services also include back-office processing for customer operations in utilities sector; finance and accounting services, such as account payables, research, reconciliation of accounts, and lock-box accounting; collection services; and customer management services. Its transformation services comprise decision analytics services, which include analytical and management consulting services that consists of providing advice on customer acquisition and retention, credit risk, customer data integration and fraud detection, marketing strategy, product and service strategy, volume forecasting, global resource optimization, and scheduling; analytic services offerings, which comprise analytics staff augmentation, lead generation/marketing campaign management, collections services, primary/secondary research, and data management and analysis. In addition, it offers risk advisory services, including compliance, technology, and risk-management services; transaction assurance, accounting services, and financial reporting services; process re-engineering; and process mapping and documentation services, as well as project management office support. The company was founded in 1999 and is headquartered in New York, New York.
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