NEW YORK, Nov. 20, 2025 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a global data and AI company, announced that it has been named a Leader in Everest Group’s Clinical and Care Management (CCM) Operations PEAK Matrix® Assessment 2025 report. The Everest Group report evaluates 20 leading CCM operations providers through its RFI process, client reference checks, and ongoing market analysis. EXL is cited for its embedded data and AI capabilities, flexible engagement model that supports all CCM subprocesses and abi ...

Core Insights - ExlService Holdings, Inc. reported a revenue of $529.6 million for Q3 2025, reflecting a year-over-year increase of 12.2% [1][3] - The diluted EPS (GAAP) for Q3 2025 was $0.36, up 10.7% from $0.33 in Q3 2024, while the adjusted diluted EPS (Non-GAAP) was $0.48, an increase of 10.8% from $0.44 in Q3 2024 [1][6] Financial Performance - Revenue for Q3 2025 increased to $529.6 million from $472.1 million in Q3 2024, marking a 12.2% growth on a reported basis and 12.3% on a constant currency basis [3] - Sequentially, revenue rose by 2.9% on a reported basis and 3.1% on a constant currency basis from Q2 2025 [3] - The operating income margin for Q3 2025 was 14.4%, compared to 14.7% in Q3 2024 and 15.8% in Q2 2025 [4][6] Guidance and Future Outlook - The company raised its full-year guidance for revenue to between $2.07 billion and $2.08 billion, indicating a year-over-year growth of 13% [2][12] - Adjusted diluted EPS guidance was increased to a range of $1.88 to $1.92, representing a 14% to 16% increase over 2024 [2][12] Business Highlights - ExlService won 21 new clients in Q3 2025 and launched EXLdata.ai in partnership with Databricks, aimed at addressing enterprise data readiness for AI [12] - The company was recognized as a Market Leader in the HFS Research Horizon Insurance Services 2025 report and as a Leader in Everest Group's Healthcare Data, Analytics and AI Services PEAK Matrix® 2025 [12] Segment Performance - Revenue from the Insurance segment was $180.5 million in Q3 2025, up from $166.4 million in Q3 2024 [4] - The Healthcare and Life Sciences segment generated $135.3 million, compared to $111.2 million in the same quarter last year [4] - Banking, Capital Markets, and Diversified Industries segment revenue was $121.0 million, up from $108.3 million in Q3 2024 [4]

Summary of NowVertical Group Conference Call Company Overview - **Company**: NowVertical Group Inc. (OTCPK:NOWV.F) - **Industry**: Data and AI solutions for large enterprises - **Core Business**: Transforming complex data environments into measurable business outcomes, focusing on increasing revenue, reducing costs, and generating operational efficiencies [4][5] Key Points and Arguments Shift in Business Strategy - Transition from a focus on mergers and acquisitions (M&A) to organic growth, with structural improvements positioning the company for significant opportunities in the data and AI sector [2][5] Operational Momentum - Recent quarters have shown consistent operational momentum, although there was a setback in Q2 due to: 1. Transition to multi-year reseller contracts affecting revenue recognition under IFRS [9] 2. Delays in public sector contracts in Brazil impacting revenue timing [10] 3. Restructuring operations in Chile to build a unified brand strategy [10] - Strategic accounts have shown growth of 40% year-over-year, indicating strong wallet expansion among blue-chip clients [12][13] Client Engagement and Success Stories - Notable client engagements include: - The Economist: Unified data platform leading to a 9% increase in subscriber retention [6] - Palo Alto Networks: Improved partner attribution by 50% [6] - Naranja X: AI deployment to identify high-value clients for better engagement [6] - The company has 250 clients globally, with around 100 being enterprise clients [7] Strategic Accounts Program - The strategic accounts program targets large clients with over $500 million in annual revenue, focusing on data and AI transformation [14][15] - Growth in clients generating over $1 million in annual spend has increased from three to eight [15] Partnerships and Market Expansion - Strong partnerships, particularly with Google Cloud, have driven success in Latin America and are being expanded to the UK market [17][19] - Google Cloud Premier Partner status has facilitated significant project engagements, with a notable increase in partner marketing funds [20] Financial Health and Balance Sheet - Significant progress in cleaning up the balance sheet, including paying down debt and restructuring convertible debt [21][22] - New lender relationship with HSBC has reduced the cost of capital, allowing for organic and inorganic growth opportunities [24] M&A Strategy - M&A remains a core part of the business strategy, focusing on integration-led growth with targets in North America, the UK, and Central Europe [26][27] - The company aims to integrate acquired assets quickly to enhance operational efficiency [26] Future Growth and Investment - The company is balancing investments in sales capabilities with maintaining EBITDA levels, with a focus on partner-led growth strategies [30] - Opportunities for productization of projects are being explored, particularly around data classification and AI enablement [31] Additional Important Information - The company has a strong focus on customer and finance data, which is its competitive advantage [16] - The management team emphasizes the importance of maintaining a clean cap table to avoid unnecessary dilution [24] - The company is actively looking to leverage its partnerships to drive growth and efficiency in sales processes [30]

Core Insights - EXL has been recognized as the category Winner in the 2025 IDC FinTech Real Results program for Lending Transformation excellence, highlighting its successful collaboration with FNBO to create a point-of-sale financing solution [1][3] - The partnership enabled FNBO to launch a cloud-native lending solution in just four months, showcasing the effectiveness of EXL's pre-built accelerators and configurable APIs [2][5] - The initiative attracted over 95% new-to-bank customers, demonstrating the platform's capability to enhance customer acquisition [3] Company Overview - EXL is a global data and AI company that focuses on transforming business models and driving growth through data and advanced technology [6] - Founded in 1999, EXL operates with core values of innovation, collaboration, excellence, integrity, and respect, employing approximately 61,000 people worldwide [6] - FNBO, a subsidiary of First National of Nebraska, Inc., has nearly $35 billion in assets and specializes in providing comprehensive payment solutions across various industries [7][8] Technological Impact - The collaboration between EXL and FNBO integrates digital technology, compliance expertise, and customer-centric design into a single lending solution, enhancing speed to market and borrower experience [4][5] - The modular approach of the platform allows for flexibility in adding features and expanding into new segments while ensuring compliance throughout the program's lifecycle [2][4] Market Position - The recognition by IDC emphasizes EXL's ability to deliver measurable results and prepare banks for competition in the consumer finance market [5] - The partnership illustrates how advanced data, AI, and digital solutions can lead to tangible business outcomes and increased customer value [3][5]

Core Insights - FTI Consulting has appointed Steven Casey as a Senior Managing Director in its Economic Consulting segment, enhancing its public sector and economic advisory capabilities in Australia [1][3] Company Overview - FTI Consulting is a leading global expert firm specializing in crisis and transformation, with over 7,900 employees across 32 countries as of June 30, 2025 [5] - The company generated $3.70 billion in revenues during fiscal year 2024 [5] Leadership and Expertise - Steven Casey brings nearly two decades of experience in advising governments and regulators, with expertise in public policy, economics, regulatory reform, and advanced analytics [2][4] - Prior to joining FTI Consulting, Casey held significant roles at Quantium Telstra and KPMG Australia, focusing on public sector and economic strategy [4] Strategic Goals - Casey will support clients facing complex fiscal, infrastructure, and policy challenges, while also driving the growth of FTI Consulting's economics platform in Australia [3] - The firm aims to provide integrated, multidisciplinary solutions for clients at the intersection of government, public policy, and the private sector [3][4]

Group 1 - ExlService Holdings, Inc. will present at the Citi Global TMT Conference on September 3, 2025, at 4:10 p.m. Eastern Time [1] - The presentation will feature Vivek Jetley, president and head of Insurance, Healthcare and Life Sciences, and Maurizio Nicolelli, chief financial officer [1] - A live audio webcast of the presentation will be available on EXL's investor website [1] Group 2 - ExlService Holdings, Inc. is a global data and AI company that provides services to transform client business models and drive growth [2] - The company operates in various industries, including insurance, healthcare, banking, retail, communications, and energy [2] - Founded in 1999, EXL emphasizes core values such as innovation, collaboration, excellence, integrity, and respect [2] - The company is headquartered in New York and employs approximately 61,000 people across six continents [2]

Financial Data and Key Metrics Changes - The company reported revenue of $514 million for Q2 2025, representing a 15% year-over-year increase [5] - Adjusted EPS grew by 20% to $0.49 per share [6] - Revenue for the first half of 2025 was $1.015 billion, up 14.9% year-over-year on a constant currency basis [25] - Adjusted operating margin for Q2 was 19.6%, down 20 basis points year-over-year [24] Business Line Data and Key Metrics Changes - The insurance segment grew 8.6% year-over-year, generating revenue of $172.2 million [22] - Healthcare and life sciences segment reported revenue of $129.5 million, representing a 22% year-over-year growth [22] - Banking, capital markets, and diversified industries segment revenue was $121.1 million, reflecting a 15.8% year-over-year increase [23] - International growth markets segment revenue reached $91.7 million, up 15% year-over-year [23] Market Data and Key Metrics Changes - Data and AI-led revenue increased by 17% year-over-year, constituting 54% of total revenue [8] - The international growth market segment grew to 18% of total revenue [7] Company Strategy and Development Direction - The company focuses on embedding AI into workflows and delivering measurable business outcomes, which has resulted in high renewal rates with over 75% of revenue being recurring [11] - Continued investment in next-generation data and AI capabilities is a priority to sustain long-term growth [13] - The company aims to leverage its unique combination of domain expertise, data, and AI to differentiate itself in the market [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining performance, with a strong sales pipeline and a differentiated business model [20] - The company raised its revenue guidance for 2025 to a range of $2.05 billion to $2.07 billion, indicating a year-over-year growth of 12% to 13% [28] - Management noted that AI services are expected to grow at twice the pace of overall IT, cloud, and digital services, presenting significant opportunities [13] Other Important Information - The company launched new proprietary large language model offerings for various sectors, enhancing its service capabilities [14][15] - A strategic partnership with Genesys was announced to transform customer engagement across multiple industries [18] Q&A Session Summary Question: Growth in insurance and healthcare sectors - Management indicated that the insurance sector is experiencing stable growth, with a strong pipeline, while healthcare continues to grow due to data and AI solutions [34][36] Question: Impact of Generative AI on revenue and margins - Management highlighted a 94% success rate in implementing data and AI solutions, with a shift towards usage-based metrics expected to enhance margins [38] Question: IP protection and competitive advantage - The company emphasized its access to proprietary datasets and a growing number of patents as key factors in protecting its intellectual property [44][45] Question: Trends in digital operations growth - Management acknowledged a slower growth rate in digital operations but emphasized the importance of embedding data and AI solutions to enhance value [48] Question: Client preferences for AI solutions - Clients are increasingly seeking value and are gravitating towards partners that can deliver comprehensive solutions, with EXL positioned as a preferred partner [55][56] Question: Guidance for EPS in the second half of the year - Management explained that while the first half was strong, continued investments in data and AI solutions may lead to slightly lower EPS guidance for the second half [76] Question: Employee costs and hiring trends - The increase in employee costs is attributed to hiring more highly skilled talent, particularly in data and AI [92] Question: Competitive landscape and market dynamics - Management noted that the competitive environment is evolving with new entrants, but EXL's domain knowledge and established relationships provide a competitive edge [68][70]

Financial Performance - Total revenue for Q2 FY25 reached $514.5 million, a 14.7% year-over-year (YoY) increase as reported and a 14.6% increase on a constant currency (cc) basis[3] - Adjusted operating margin was 19.6%, a decrease of 20 basis points YoY[3] - Adjusted diluted earnings per share (EPS) grew by 20.3% YoY to $0.49[3] Revenue by Segment - International Growth Markets generated $91.7 million in revenue, representing 17.8% of total revenue and a 15.0% YoY cc growth[5] - Insurance segment revenue was $172.2 million, accounting for 33.5% of total revenue with 8.6% YoY cc growth[5] - Healthcare and Life Sciences segment contributed $129.5 million, or 25.2% of total revenue, showing a 22.0% YoY cc growth[5] - Banking, Capital Markets and Diversified Industries segment reached $121.1 million, which is 23.5% of total revenue, with 15.8% YoY cc growth[5] Additional Metrics - The company added 13 new clients[10] - Employee count reached 61,100, an increase of 448 from Q1 2025, with an attrition rate of 26.5% in Q2 2025[10] - Data and AI-Led revenue was $278.8 million, representing 54.2% of total revenue and a 17.3% YoY cc growth[10] - Digital Operations revenue was $235.7 million, accounting for 45.8% of total revenue and an 11.6% YoY cc growth[10] 2025 Guidance - The company projects revenue between $2.05 billion and $2.07 billion, representing a 12-13% growth on a constant currency basis[16] - Adjusted diluted earnings per share are expected to be between $1.86 and $1.90, a 13-15% increase[16]

Financial Data and Key Metrics Changes - Customer lending grew 3.2% to GBP 384 billion in H1 2025, while customer deposits increased by 1% to GBP 436 billion [3] - Income rose 13.7% year on year to GBP 8 billion, and costs decreased by 1.4% to GBP 3.9 billion, resulting in an operating profit of GBP 3.6 billion and attributable profit of GBP 2.5 billion [3] - The return on tangible equity was reported at 18.1% [3] Business Line Data and Key Metrics Changes - Retail Banking and Private Banking mortgage balances grew by GBP 1.3 billion, with unsecured balances increasing by GBP 2.7 billion due to the addition of Sainsbury's Bank portfolios [11][12] - In the commercial and institutional segment, gross customer loans increased by GBP 4.6 billion, driven by project finance and sustainable financing [12] Market Data and Key Metrics Changes - The bank attracted over 100,000 new customers through organic growth and the acquisition of Sainsbury's Bank, adding approximately 1 million new customers [5] - The deposit mix remained stable, with non-interest-bearing balances at 31% and term accounts increasing from 16% to 17% [13][14] Company Strategy and Development Direction - The company aims to deliver GBP 200 billion of climate and transition finance by 2030, having already exceeded its previous target of GBP 100 billion [6] - A strategic collaboration with AWS and Accenture was announced to enhance data capabilities and customer engagement through AI [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining a loan impairment rate below 20 basis points for the full year, citing strong performance in the diversified prime loan book [16][17] - The company anticipates full-year total income, excluding notable items, to exceed GBP 16 billion, with a return on tangible equity expected to be greater than 16.5% [11][17] Other Important Information - An interim dividend of GBP 9.5 was announced along with a share buyback program of GBP 750 million [4] - The CET1 ratio stands at 13.6%, with a total capital ratio of 19.7% and a total MREL ratio of 32.4% [20][21] Q&A Session Summary Question: Will there be another small transaction before the end of the year? - The company has issued GBP 750 million and may consider a cleanup transaction later this year or early next year, depending on risk weights [32][34][35] Question: Concerns about the rating gap between S&P and other agencies? - Management acknowledged the gap and expressed a desire for S&P to align with other agencies, citing the punitive nature of S&P's rating methodology for UK banks [38][39][40] Question: Inquiry about issuance plans and CET1 buffer? - The company remains flexible regarding currency for future issuances, with current attractive options in dollars and sterling [48][50][51] - Management indicated that CET1 targets are regularly reviewed in light of regulatory changes, with no specific insights on potential changes to the countercyclical buffer [49][50][60]

Financial Data and Key Metrics Changes - Customer lending grew by 3.2% to GBP 384 billion in H1 2025, while customer deposits increased by 1% to GBP 436 billion [3] - Income rose by 13.7% year-on-year to GBP 8 billion, and costs decreased by 1.4% to GBP 3.9 billion, resulting in an operating profit of GBP 3.6 billion and an attributable profit of GBP 2.5 billion [3][4] - The return on tangible equity was reported at 18.1% [3] Business Line Data and Key Metrics Changes - Retail Banking and Private Banking mortgage balances grew by GBP 1.3 billion, with unsecured balances increasing by GBP 2.7 billion due to the addition of Sainsbury's Bank portfolios [11][12] - In Commercial and Institutional, gross customer loans increased by GBP 4.6 billion, driven by project finance and sustainable financing [12] - Overall income, excluding notable items, grew by 1.5% to GBP 4 billion in Q2 2025 [8] Market Data and Key Metrics Changes - The average liquidity coverage ratio was 150%, indicating a strong liquidity position [21] - The loan to deposit ratio stood at 86%, reflecting a well-diversified funding base [21] Company Strategy and Development Direction - The company aims to deliver GBP 200 billion of climate and transition finance by 2030, having already exceeded its previous target [6] - A strategic collaboration with AWS and Accenture was announced to enhance data capabilities and customer engagement through AI [6] - The company is focused on bank-wide simplification to improve customer and colleague experience [6] Management's Comments on Operating Environment and Future Outlook - Management expects total income for the full year to exceed GBP 16 billion, with a return on tangible equity greater than 16.5% [11][17] - The company anticipates two further base rate cuts this year, with rates expected to reach 3.75% by year-end [10] - Management expressed confidence in the credit portfolio, expecting a loan impairment rate below 20 basis points for the full year [16] Other Important Information - An interim dividend of GBP 9.5 was announced along with a share buyback program of GBP 750 million [4] - The CET1 ratio was reported at 13.6%, with a total capital ratio of 19.7% [21][22] Q&A Session Summary Question: Expected issuance before the end of the year - The company has issued GBP 750 million and may consider a cleanup transaction later this year or early next year depending on risk weights [34][36] Question: Concerns about rating gaps between agencies - Management acknowledged the gap with S&P and emphasized the strength of the balance sheet, aiming for an upgrade based on strong financial performance [39][40] Question: Economic assumptions and loan growth - Management indicated that while they have not provided specific guidance for 2026, they are currently operating closer to the lower end of the impairment range [60] - Project finance is described as lumpy but supported by strong relationships [63] Question: NSFR and ring-fencing implications - The NSFR is high due to a strong deposit franchise, and management does not expect changes in ring-fencing to impact the competitive nature of the mortgage market [69]