EXL partners with Databricks to launch Gen-AI powered code migration accelerator
EXL Code Harbor™ solution speeds code migration from SAS to Databricks with up to 80% reduction in manual effort
NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data and AI company, expanded its partnership with Databricks, the data and AI company, to deploy a GenAI-enabled SAS to Databricks Data Intelligence Platform migration solution. Leveraging EXL's Code Harbor™ solution, the solution helps enterprises streamline their transition from SAS to Databricks to support enhanced cloud modernization initiatives. EXL has also achieved Select partner status with Databricks to accelerate the development of new AI and GenAI solutions within the Databricks ecosystem.
EXL's Code Harbor is a GenAI-enabled solution that facilitates the migration of legacy codebases into the modern open-source languages and cloud environments like Databricks Lakehouse. EXL has refined the solution to automate key aspects of SAS to Databricks migration, significantly reducing manual effort while facilitating high-quality code transformation. EXL Code Harbor is designed for multi-industry usage across insurance, banking and healthcare where SAS has traditionally maintained a strong presence. In addition to SAS, the solution also supports migration and assessment of other languages including BTEQ, HQL, PL/SQL, SQL Server and R, in addition to ETL platforms such as Informatica, Alteryx and DataStage. Clients using EXL Code Harbor benefit from EXL's deep domain expertise and advanced AI capabilities while retaining the flexibility to integrate with on-premises, cloud and hybrid environments.
A leading global insurance provider recently partnered with EXL to migrate its extensive SAS codebase to the Databricks Data Intelligence Platform using Code Harbor. The client achieved 50% faster migration with minimal manual intervention, improved compliance through comprehensive metadata documentation and drove integration with their governance frameworks.
'The biggest challenge enterprises face when migrating from legacy systems is the time, cost and complexity involved in transforming extensive codebases,' said Anand 'Andy' Logani, EXL's chief digital and AI officer. 'By providing an intelligent automation solution with embedded AI agents, clients can now accelerate their migration timelines by up to 50% while reducing manual efforts by 70-80%.'
Unlike traditional migration approaches that rely heavily on manual processes, EXL Code Harbor utilizes an autonomous multi-agent framework to accelerate enterprise-scale code and data transformation. Leveraging Databricks' Unity Catalog and governance layer, the SAS to Databricks solution accelerator ensures enterprise-grade discoverability, traceability and compliance across every annotation asset. By automating the manual effort involved in assessing, writing and optimizing code, the solution transforms the entire migration process, leading to faster delivery, reduced costs and improved accuracy.
More information about EXL Code Harbor can be found here.
About EXL
EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world's leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit www.exlservice.com.This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL's operations and business environment, all of which are difficult to predict and many of which are beyond EXL's control. Forward-looking statements include information concerning EXL's possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as 'may,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'plan,' 'estimate' or similar expressions. These statements are based on assumptions that we have made in light of management's experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL's actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL's filings with the Securities and Exchange Commission, including EXL's Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.
ContactsMedia Keith Little+1 703-598-0980 media.relations@exlservice.com
Investor RelationsJohn Kristoff+1 212 209 4613IR@exlservice.comSign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
21 hours ago
- Hamilton Spectator
Jetoptera Executes FETT for FTC-250 at Paris Air Show 2025
PARIS, June 21, 2025 (GLOBE NEWSWIRE) — On the occasion of Jetoptera's debut at the Paris Air Show 2025, we are proud to announce the successful completion of the first test of the engine that will power the J-500, the 500-lb VTOL cargo unmanned aircraft system Jetoptera is developing in collaboration with Eanan Al Samma, for the United Arab Emirates (UAE) market. The First Engine To Test (FETT) was evaluated at the VAN DER LEE Turbo Systems facilities in Zaandam, The Netherlands. The 250 kW turbocompressor, that is the heart of the Fluidic Propulsive System™, is a two-shaft engine using a free turbine that is mechanically coupled to a two-stage axial compressor designed to produce the appropriate flow rates and pressure ratios required by the FPS™. 'The FETT demonstrated a very smooth startup and operability when operated in a turbofan mode. The engine was instrumented in this configuration, to monitor pressure and temperature as well as thrust produced. The next step includes the performance mapping of the turbocompressor, followed by the integration with the FPS™ onto the J-500 airframe,' said Dr Andrei Evulet, CEO/CTO of Jetoptera, Inc. The J-500 prototype is developed specifically for the UAE and MENA market and will be uniquely enabled by the FPS™ to perform unmanned cargo missions with VTOL and unmatched speed, low noise, and reliability thanks to the patented propulsion system. The modularity of the FTC-250 system allows its components to operate in turbojet, turbofan and FPS™ modes. Jetoptera and Eanan Al Samma thank Parametric Solutions, Inc. and VAN DER LEE Turbo Systems for their critical support in the design and manufacturing of the unique FTC-250 architecture in record time. For information about this press release please contact Todd Newton todd@ Jetoptera, Inc. Facebook: LinkedIn: A photo accompanying this announcement is available at
Yahoo
a day ago
- Yahoo
Accenture PLC (ACN) Q3 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Revenue: $17.7 billion, 7% growth in local currency. Bookings: $19.7 billion, including 30 clients with bookings over $100 million. GenAI Revenue: Over $700 million in Q3, with year-to-date bookings of $4.1 billion. Operating Margin: 16.8%, a 40 basis points increase from last year. Earnings Per Share (EPS): $3.49, reflecting 12% growth over last year. Free Cash Flow: $3.5 billion. Cash Balance: $9.6 billion as of May 31. Share Repurchases and Dividends: $2.7 billion returned to shareholders. Consulting Revenue: $9 billion, up 7% in US dollars. Managed Services Revenue: $8.7 billion, up 9% in US dollars. Gross Margin: 32.9% compared to 33.4% last year. Sales and Marketing Expense: 9.9% of revenue. General and Administrative Expense: 6.1% of revenue. Days Services Outstanding: 47 days. Acquisitions: $789 million invested in 15 acquisitions year-to-date. Warning! GuruFocus has detected 4 Warning Sign with ACN. Release Date: June 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Accenture PLC (NYSE:ACN) reported strong quarterly bookings of $19.7 billion, with 30 clients having bookings greater than $100 million. The company achieved a 7% revenue growth in local currency, surpassing their guided range, and continued to gain market share. Accenture PLC (NYSE:ACN) expanded its operating margin by 40 basis points and delivered a 12% EPS growth over the previous year's adjusted EPS. Significant investments were made in strategic areas, including $297 million in acquisitions and increasing their data and AI workforce to approximately 75,000. The company was recognized as a top workplace, earning the number six spot on the Great Place to Work list and increasing its brand value by 27% to $103.8 billion. New bookings decreased by 6% in US dollars and 7% in local currency compared to the previous quarter. Gross margin slightly declined to 32.9% from 33.4% in the same quarter last year. The federal business had an immaterial impact on overall growth, with a projected 2% headwind in Q4. Attrition ticked up slightly, although it remains within normal levels. The pace of acquisitions was slower this year due to tough market conditions, impacting inorganic growth contributions. Q: Can you provide insights into leadership changes and talent retention given some headcount numbers and departures? A: Julie Sweet, CEO: Attrition ticked up slightly this quarter, but it's within normal ranges. Our leaders are in demand, and we have a deep bench of leaders. We have a strong track record of implementing new growth models and driving growth. Q: How is the heightened uncertainty affecting your guidance and client interactions? A: Julie Sweet, CEO: Despite the uncertainty, we are generating revenue above guidance due to our resilient model. We focus on what clients need, which is reinvention, and we have pivoted to meet these needs. Our ability to adapt quickly is due to our trusted relationships and diversified services. Q: How is the demand for Gen AI compared to other projects, and what is the pace of acquisitions? A: Julie Sweet, CEO: Gen AI demand remains strong and is increasingly embedded in everything we do. Angie Park, CFO: Our acquisition strategy remains the same, focusing on scaling and expanding capabilities. This year, acquisitions are slower due to market conditions, but we expect about 3% inorganic contribution. Q: Are there any changes in the types of companies or skill sets you're targeting for acquisitions? A: Julie Sweet, CEO: Our acquisition strategy is aligned with our business strategy, focusing on capabilities that drive growth. We evaluate whether to build or buy based on our needs and market conditions. The strategy remains dynamic and evolves with our business goals. Q: What are the implications of the new growth model on the financial model? A: Julie Sweet, CEO: The new growth model is driven by market opportunities and is not focused on cost-cutting. It's about integrating services to fuel growth and leveraging AI across our offerings. This change is expected to drive the next chapter of growth. Q: Can you elaborate on the bookings composition and client priorities? A: Julie Sweet, CEO: Clients are focused on large transactions that make a difference, which aligns with our strengths. There's a focus on cost efficiency and reinvestment in core business areas. The themes include tech, data, AI, and future readiness. Q: How are you managing headcount and hiring plans? A: Angie Park, CFO: We ended Q3 with 790,000 people, a 5% increase year-over-year. Utilization is at 92%. Headcount doesn't directly correlate with revenue; our guidance reflects demand for services. Q: How is blockchain technology impacting your business, particularly in financial services? A: Julie Sweet, CEO: Blockchain is important in certain industries like financial services but isn't a major growth driver like AI. It's an enabling technology for specific solutions, and we focus on integrating it where it makes sense. Q: Can you discuss the impact of AI on your delivery and pricing models? A: Julie Sweet, CEO: Our guidance accounts for Gen AI's impact on delivery and commercial models. We focus on delivering value to clients, and AI is integrated across the entire lifecycle to enhance efficiency and pricing. Q: What is your outlook on consulting bookings and the impact of macroeconomic factors? A: Angie Park, CFO: Consulting bookings can be lumpy, but we focus on the trailing 12-month book-to-bill, which is strong at 1.1. We are pleased with our overall bookings and continue to see positive trends. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
2 days ago
- Yahoo
Accenture (NYSE:ACN) Q3 Earnings Rise With New Growth Model And Leadership Shakeup
Accenture recently announced its third-quarter earnings, reporting an increase in sales and net income year-over-year, alongside leadership changes that aim to enhance AI and data integration in its operations. Despite reporting positive revenue and income figures, Accenture experienced a flat price move of 0.35% in the past quarter. This modest movement comes amidst mixed market conditions where geopolitical tensions and economic uncertainties have influenced stock performances broadly. The company's comprehensive financial results and leadership reshuffling provide essential context amid broader market fluctuations, contributing to stability in its share price. Buy, Hold or Sell Accenture? View our complete analysis and fair value estimate and you decide. These 17 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. Accenture's integration of AI and other technological advancements as part of their leadership changes signals a commitment to fostering digital transformation. This focus aligns with the company's recent developments, including its investments in Gen AI and Industry X, setting the stage for possible future revenue enhancements. The third-quarter earnings show promising sales and net income increases, suggesting that these strategic shifts could support positive long-term growth trajectories, despite the flat 0.35% share price movement last quarter in a volatile market context. Over the past five years, Accenture's total return, inclusive of shares and dividends, reached 55.32%, illustrating a robust long-term performance. However, its annual return underperformed both the US IT industry, which saw a 34.1% rise, and the broader US market growth at 10.4%. By contrast, this disparity highlights a need for sustained competitive strategies amidst evolving market conditions. The forward-looking focus on AI and acquisitions may influence analysts' revenue and earnings forecasts, with expectations of consistent, if moderate, growth rates in the coming years. Analysts target a price of US$353.80, 14.4% above the current share price of US$303.80, indicating potential upside based on predicted financial performance and strategic initiatives. This suggests that the market might be undervaluing the company's future growth potential as it embraces digital transformation opportunities. Evaluate Accenture's historical performance by accessing our past performance report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:ACN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
