24/7 Market News Snapshot 24 Jun 2024 – Exela Technologies, Inc. Common Stock (NASDAQ: XELA)

June 24, 2024 7:41

Press Release

DENVER, Colo., 24 June, 2024 (247marketnews.com) – (Nasdaq:XELA) are discussed in this article.
Exela Technologies, Inc. Common Stock (XELA) has sparked investor enthusiasm, as evidenced by its impressive surge in pre-market trading to $2.867, reflecting a notable increase from the previous session’s closing price of $2.04. The substantial trading volume of 1.4 million showcases robust investor interest, with a substantial change percentage of 42.26 since the market opened. This positive momentum presents a lucrative opportunity for investors looking to capitalize on the upward trend of XELA.

In parallel news, Exela Technologies, a prominent player in business process automation, has secured a significant contract valued at over $35 million for security breach remediation services. The short-term strategic agreement, scheduled to start in June and conclude next month, underscores Exela’s commitment to delivering effective solutions to its clientele. This endeavor is expected to bolster the company’s Integrated Transaction Processing Services (ITPS) segment, which achieved a noteworthy revenue of $732 million in 2023.

This contract win highlights Exela’s capability to expand operational capacities swiftly and provide clients with top-notch remediation solutions, further solidifying its position as an industry leader. With a reputation for innovation and excellence in business process automation, Exela continues to cater to evolving client needs through dynamic and impactful solutions. For additional updates on Exela Technologies, Inc. and its latest undertakings, please access the official company website.

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