joining for Thanks, Will. thanks, today. Good afternoon, everyone, us and
in read process has have we've over important past Exela you earnings strategic on been the the update working our few release, that press months. an As shared to
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provide business detail the In this long-term we in positioned initiative profitable, improving in to financial more further are sustained, I'll best Exela flexibility near couple enable core little addition believe of a to where our for will a focus on term, slides. we and growth, our
look let's points begin a and in Now presentation. at CFO, just will going Jim to out Reynolds, of Slide XXXX X details discuss I'm summary. here. the our call to cover further QX the later financial couple
exit, and postage our by year-to-date, of the our excluding be handling X.X% postage and Our release. announced sheet which low-margin up and X.X% quarter third in revenue, found grew details client our previously fact in and earnings can is
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the the reduction improvement I debt and As has liquidity adopted Board said, initiative.
to a end, to have company initiative, of is our certain is the central by few our which that the assist long-term of This vision. we financing details liquidity taking through those attained the of retained provide an the a we're heard initiative, to sale And the of number As us steps times. market side pursuing adviser additional the company message reduction mentioned with to we've that We've options. part further debt has a and strategic advisers of financial increase we'll assets. as are -- the fund To assets emerge. sale noncore they the not retained
balance As initiative I with million. noted and the of debt million target a earlier, we reduction $XXX $XXX expect to our net to proceeds use repay the to of
the details We expect forward providing or overall specific our transactions part plan we initiative, as QX timetable to have QX XXXX. forming announce set soon this in completion in of a this X-year as on updates you to information and initiative announce. to we about of further of the We've look for
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We expect initiatives completed. become negligible costs are once continue to to these these
to charges. Moving O&R transformation our process
we've vendor advantage related is to consolidations of creates technology. facility proprietary This process of planned take us primarily As discussed, reduces cost the and our initiatives count spend head through related enables and transformation in-house our to optimization deployment reductions. efficiency, better
be worth quarter, the million initiatives expected the QX through For to of and transformation costs once these initiatives process realized should shed completed. are in be are $XX.X
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debt the And years asset include third process column second second to significant gross transformation left the XX% bar any X approximately margins XX% initiative. represents initiatives, the after revenue, the to after and the XX% and left approximately to from expected execute The businesses our believe from noncore does sales third XX% our profit not XX% have our expand margin implies from represented the first gross generates XX% generate opportunity margin potential our in margin column reduction under the represents By and column. approaching the and in part to as This of of we revenue gross as to of continuing impact at currently the XX% in years remaining transformation plan. our transformation. X operates technology
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variable automation primarily geographies the Let's decline technology initiatives. turn to ongoing sequentially We employee our cost. Slide major by to we cost to driven toward use our total X. X.X% count our business of business. with largest provide reductions Exela each is work enables The in count Head QX, to total component across head lower saw of our a processes O&R
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positive the take segmentation. our and a having strategy is on moment customer Let's effect our look at
Now called back customers recall yielded in year-over-year. remaining our an XXX organic customers focus by you'll category, an basis rate XX% that The on in XX%. the growth declined top Others, on All of impressive XXXX,
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encouraged and focus top very the stayed XXX primarily demonstrating client the The business. The from the top the lower-margin QX responsible has XXX flat of XX% by rest businesses the are the levels pass-through customers contributions Others growth XX%, respectively, our of investments strategy year-to-date for and excluding basket the to at steady. All the of customers and We're All the and and is revenue expanding the holding that year-over-year Other when of relative we and revenue exit. to
scorecard customer our about talk let's and XX, our Slide to move let's Now revenue. and
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Here's an important statistic.
more. months who XX million year-to-date, that in that X customers were we have $XX XXXX. revenue we customers have annual $XX But X more through Now or or million have now over months $X grown Through million. of in first which of the our $XXX million was million annual to generating XXXX, revenue compared customer $XXX now count as X to all has XXXX, is
is their deal difference are within teams. take to identifying on the on like a what's on let's while digital a customers, making These I'd moment, top them talk expand strategic that to opportunities sales, Now journeys. our folks our with partnering our global and focused and about
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our Exela increased liquidity, sustained business positioned and for reduction our and core continued improve shareholder believe In closing, value. and for focus we debt well with on initiative new our is growth
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