Exela Technologies, Inc. (XELA) experienced a decrease of 6.38% in the aftermarket following the announcement of report publishing by the Wall Street Reporter. However, the last trading session closed at $0.8599 with an increase of 26.83%.
Wall Street Reporter – What does the report say?
XELA reported on 1st February 2022 that Wall Street Reporter has published reports regarding the views of the company’s CEO. Developing megatrends and technology are generating trillion-dollar potential for radical technologies in the way people live, work, and play. The latest insights from industry thought leaders affecting society today and in the decade’s future are highlighted by the Wall Street Reporter.
XELA CEO’s View Point – Report Revealed!
According to the CEO, Exela is a global leader in BPM technology. At $207 billion and increasing, the total market potential is enormous. Furthermore, in the SMB sector, there are further growth prospects in digital asset groups or DAGs. Moreover, XELA has a strong competitive influence in the market, which is backed up by significant technological investments and several patents. Furthermore, to increase cloud utilization, XELA has developed a strategy. Many of the platforms, such as intelligent data processing and work-from-anywhere initiatives, are propelling rapid cloud adoption.
By the end of 2022, the executives expect that all customers and workers will have used the cloud. This is an increase from the previous quarter’s 30%. Aside from COVID-19-related revenue concerns, XELA is witnessing excellent momentum across the board. Not only this but in today’s environment, Exela occupies a strong position. A strengthened balance sheet, which includes equity offerings, debt repurchase, and debt refinancing, improved the liquidity position. Exela will take advantage of the rising global TAM, and this has only been possible because of its better financial position and ongoing operational improvements. Last but not the least, he thinks that XELA has the technology, a long history, and a strong staff base to back up the goal for 2022.
