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Mar 31, 2024
Exela Q1 2024 Earnings Report
Exela Technologies reported full year 2023 results.
Key Takeaways
Exela Technologies reported that 2023 was a challenging year with a focus on stabilizing revenues and recovering from the effects of the network outage in 2022. The company made significant improvements to its balance sheet, eliminating current liabilities and reducing overall debt and interest expense. Investments were made late in the year to position the company for future growth in cybersecurity, data modernization, cloud, and Infrastructure-as-a-Service.
Focused on stabilizing revenues and recovering from the network outage in 2022.
Made significant improvements to the balance sheet, eliminating current liabilities.
Reduced overall debt and interest expense.
Invested in cybersecurity, data modernization, cloud, and Infrastructure-as-a-Service to position the company for future growth.