Exela Technologies Announces Public Sector Customer Growth; Signed Several Additional U.S. Counties For Its Digital Mailroom Solution
Portfolio Pulse from Happy Mohamed
Exela Technologies, Inc. (NASDAQ: XELA, XELAP) announced that it has signed several additional US counties for its Digital Mailroom solution, contributing to its ITPS segment which generated $765 million of revenue in 2022. The company is working with various counties to provide a secure, end-to-end solution for digital transformation and compliance requirements.
July 18, 2023 | 12:47 pm
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Exela Technologies' new contracts with several US counties for its Digital Mailroom solution could potentially boost its revenues and market share in the public sector.
The news of Exela Technologies signing additional contracts for its Digital Mailroom solution with several US counties is directly relevant to the company and its stock. This could potentially increase its revenues and market share in the public sector, which would likely have a positive impact on its stock price in the short term.
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