Exela TechnologiesNASDAQ: XELA

Exela Technologies (NASDAQ: XELA ) stock is on the move Monday after the digital business process services company announced plans for a spinoff of its business process automation (BPA) business. Exela Technologies' board of directors has authorized the spinoff of its BPA business to shareholders of XELA stock.

IRVING, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or “the Company”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, today announced a contract win valued at over $35 million. The short-term strategic contract in security breach remediation began in June and is expected to conclude next month. The project will be accretive to the Company's ITPS segment which had revenue of $732 million in 2023. This is an example of the Exela's ability to quickly scale capacity and deliver customer remediation solutions.

IRVING, Texas, June 04, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a business process automation leader, today reminds its stockholders to vote ahead of the upcoming annual meeting of stockholders (the "Meeting"). The Meeting will be held online at www.virtualshareholdermeeting.com/XELA2024 on Thursday, June 13, at 10:00 AM CT. The Board of Directors of Exela unanimously recommends that the Company's stockholders vote (i) "FOR" each director nominee, (ii) for future advisory votes on executive compensation to occur every “1 Year” and (iii) “FOR” all other proposals.

Exela Technologies, Inc. (NASDAQ:XELA ) Q1 2024 Earnings Call Transcript May 28, 2024 4:30 PM ET Company Participants Vincent Kondaveeti - Head of IR Matt Brown - Interim CFO Operator Good afternoon, and welcome to the Exela Technologies First Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode.

IRVING, Texas, May 24, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ:XELA, XELAP), a global business process automation (“BPA”) leader, will host a conference call with the financial community to discuss results for the first quarter 2024 at 4:30 p.m. ET on May 28, 2024.

IRVING, Texas, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, will host a conference call with the financial community to discuss results for the second quarter 2023 at 8:30 a.m. ET on August 14, 2023. Exela will issue a press release reporting its results before the start of the call.

Exela Technologies, Inc XELA was trading over 8% higher on Friday after announcing it had successfully completed the sale of one of its businesses, which caused the stock to confirm an uptrend.

Shares of Exela Technologies (NASDAQ: XELA ) stock shot up over 15% after the business processing automation (BPA) company announced that it had sold its high-speed scanner manufacturing and maintenance business to Imaging Business Machines (IBML). XELA stock has since dropped down to just a little over 6% up.

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