Exela Technologies, Inc. (NASDAQ: XELA) CEO Ronald Cogburn: ”Digital Transformation Tailwinds Are Driving Growth”
“...With the most of our revenue in the U.S. and in Europe, we're strategically positioned to benefit from the economic recovery post COVID-19. Exela's digital foundation in our engineering heritage powers our long tenured customer relationship and this is what enables us to continue to innovate and launch new disruptive solutions that further widen the competitive moat…...Our backlog is substantial and our pipeline growth remains strong, particularly for our DAG solutions where we're seeing increased demand with new and existing customers. Through Q1 of 2021, our DAG business represented about 8% of our total revenue including our SMB business. From a profitability perspective, we delivered strong margin improvement in the first quarter as well. ...The global trend towards digital transformation to grow market share, increase productivity and reduce cost and automation of business process is generating strong tailwinds for our sector...”
Exela Technologies (NASDAQ: XELA) Earnings Highlights: https://bit.ly/3xrVKxY$Exela Technologies(XELA)$