thanks, and full year today joining key business and on a a overall. morning, going our and brief everyone, Technologies us update from Exela Good takeaways for the of XXXX XXXX few We're provide to and call. fourth highlight quarter
dynamic the today, our current business processes customers' technology on drive our and With the in the well industry enhanced guidelines. climate cognitive in is XX% and digital the X,XXX payments and our Exela based is in of traditional on are environment, between this management witnessing intelligent Exela including our positioned networks BXC, on stack insurance, our behind. world over and and investment patents BXB for far events care, leaving we fully of hypergrowth and in communications. which banking, is across Fortune deployed financial extensive technology rules Technologies further services rely health by Exela's and data multiple process, automation. XXX, and processing the customers bills customers, robotics With leaning
key So discuss highlights [ initiatives. our progress and Exela's #X some let's to Slide our ], turn XXXX financial #X to against we're Slide and (sic) going
of of asset transition the revenue our discuss revenue XXXX second. full course, and spite primarily a $XX and quarterly let's nonstrategic the from to So were of of exceeded approximately noncore revenue due from revenue, our year Variations impact annual $XXX guidance for X prior in COVID-XX our of COVID-XX. Exela headwinds factors: about million million in exit sales.
stabilized. administration. each. million new through because our XXXX. In to along sentiment Group platform bit sector, automation are excess segments, million a a for of service of except has to representing a early $XX We're in PCH revenue provide to Asset to recently added of very have revenue which of contract X% pleased And has lagged new XX U.S. little with industry a TCV insurer. in XXXX, total seeing our the Global $X cloud-based public new ACV the our XXXX, announced $XXX Digital of switch We customers our scale, continues in XX-year major Our we positive with now in million
discuss expected let's variance our to execution those EBITDA being has the fees completed expenses. for due adjusted So the revenue, is to the between reduce Exela a savings with XXXX our of of in earnings cost $XX XXXX. in cash pipeline to the recently due $XXX actions. million of professional Most and million second. in with change realization lower coupled incremental plans the Exela biggest XXXX
sales million are continues to asset revenue Exela by expect eliminate lagging end to nonstrategic in XXXX, key trapped strategy. to pursue to sales businesses long-term complementary to the from asset our of $XXX The in remaining to noncore sales million, costs With roll-off, we and million we exit noncore not $XX that completed initiatives, worth $XXX of respect this of additional progress. year. transition we continue which are the the
cloud-hosted the the to to respect expand base XX, anonymity. liquidity part markets $XX announced XX, in sheet the pre-COVID-XX our to semiannual those XXXX. balance an capital million equity of bonds. the December prepare and $XXX our XXXX, of into intend liquidity growth the of capital million our and of and payments sheet and after return just deals to we of use March Yesterday, company interest years the add proceeds to $XX With for of raise outflow of including recent We endeavors investor volumes our was visibility that and as won technology we pursue as balance to BPO-type XXXX, our to as equity the million improvements, on
are the but now levels the is ago including years that were December this, XXXX, our XX, under remains facility liquidity after higher take service. cash subject X liquidity at and to December such in-progress our With levels, undrawn million advantage now opportunistically goal and securitization loan our take than dated including agreement and $XX the debt our capacity the Our get asset they XXXX. to all initiatives, XX, security reduce sale, is surplus existing
creating are for investors neutral basis on to our future. the cash to company become flow-generating value near a levered in We
loan we into securitization million alternatives sheet. $XXX our to last QX, not the term X-year AR As a least, to but pursue existing to entered strengthen in UBS facility. And balance reminder, engaged we refinance
busy success, Exela. for a it So to team to I been overall, this our world in year thank dedication want very the Exela's their for has year. our challenging customers entire and around especially
that do, in and XXXX. work We have right but making place by strong improvement we're to that a the we in confident progress have lot strategy the encouraged continued I'm for of
more countries, let #X. and pay, track XX and emerging me to proven at functions, Around Slide a presence the solutions as liquidity current record to order treasury highlight management. let's expense look have Now With solutions in procure we the such you cash offer. and that global than the
guests. We and have the their services some to with We Workday of developed chat capital is Cowen replace XBP, on favorite, XX,XXX and we management, payment which technologies employees point. at to talked like analyst platform up our this had fireside human the we at My Workday. about own one
provider; the each and beyond. last existing a with on information opportunities course, which foundation Of these sits then care, for All communications. and of pandemic. new and management health XXXX we both developed and work-from-anywhere of a technologies this result customers year see as of services, We solutions and good payer in
us very at let's #X. significant opportunity landscape We it's very is and because before highlight the diversified. it Slide look Now
addressable We here's with billion revenue, Exela's and and just Now largest mammoth care addressable billion Banking X% health commercial, scratched industry only financial total by a comprise they surface, fact: $XXX about services, $XXX along market. market. segments penetrating growing the represent our this and of of
recovery let's banking, are ride Slide strongest Now pandemic. that the #X. concentration economic care, tailwinds well Diversification With focus of positioned to the and turn service, financial most like the a for of served With well health of and the we in revenue post is low strength and the our positioned Exela. in projected digital U.S., insurance are the significant revenue on our to industries the CAGRs industries foundations growth. have customer
U.S. part critical services infrastructure commercial Slide Europe. across from in care the is enhance government, technology. health everything supply Exela's Now energy, touching let's finance, efficiency, integral turn information essential chain to facilitate an the services the products better communications facilities, #X. and providing of or essential Exela and and critical to
foundation earned serve learned the we digital the really model during view resilient customers we've respect business in and near many was tested will term. our pandemic. the also us well, Our of who lessons partners, and global that well us we our executed while And as valuable
over services network Slide think at U.K. technology and that look of X take I well as the let's #X. for as this all and now in giro XX% a payments call in made slide. just the payments of payments to the the made from touch the of U.S., population Exela's made second, significant statistics Sweden Now about noncard volumes as Ireland, in want out in away to XXX% well. majority
First, all who taxes or the file the paper to subsequent processed made or U.S. through platform. payments by are and remittance taxpayers IRS taxes technology Exela's nonelectronic
subscribers XXX XXX,XXX a XX in we and care day. health million claims Second, veterans, with over over million process
Third, deposits trillion $X year. Exela in processes over each
Now let's look at moment. a for Slide #XX
include our through of the well we're partnered these One has now, expanding These through we health XX renewals the banks, of like ability companies, With logos the an to wallet with continually to many pandemic long-tenured one top navigate governmental years, Exela's would care tenure economic been customers. average agencies. in cycles, secrets and the have our share insurance and customers.
partner at in Slide our a with solution the the remain the ability wallet more #XX. customers continuous trusted to and innovation. for The a enabled than share Let's set decade by is expand look to
digital between building customer emerging addressable enable within needs base to future which world. large to capitalize customers a platforms their built and and a embrace standards are the and to legacy on This Exela potential our significant customer allow untapped market. our was We upon, will customers' is digital the our us address existing -- in foundation roads the old
Slide look at Let's XX.
client Another the our found pressures as proof a historical pandemic, our partnership of about remained strong wins XX. line trends our XXXX well through Slide XX%. the resilient as of revenue of with in in model at Despite can be business percentage as point the our total on macro new COVID-XX our
our year, at the which and earlier. renewals in the represented Now you'll won QX referenced slide, business the the I new in for positive point that if you see of business high a look momentum bottom half the reflecting the
let's the demonstrating stronger to Now able customers were the models. to contrast work-from-anywhere our has model. revenue pandemic the began storm Exela gross business mitigate as headwinds We Slide or in turn to agile digital flex our through global in of pivot impacts come this to a margin company, to #XX.
way. the in to move over to experienced platforms, to we able from customers' we as expectations all employees levels a along productivity continuing dip XX,XXX were work-from-anywhere Even slight perspective, global a our meet
Now benefits we'll see the of one that sticks our working we need in home, estate real XX% estate? that real step from year. XX,XXX this of about showed be out us of from folks is, did bricks of all to The this and coming able rationalize to the with we and answer
at Let's #XX. take a Slide look
and with Now tenure continuity the Exela's long digital customers. foundation powers
I like XX Just of top XX while tenure mentioned years. ago, average an have a the
Here's the a tenure. longer our fact: the technology, utilizes The a more customer
subscription is information launched Now into digital and higher saw these type to platforms, the BXC to that we've is to gross And to BXB evolved Our with the what include end-to-end new customer, solutions, this more XXXX, be partnership with margins renewals, the annual win. the backlog move X- and million customer enables they evolution XX-year strengthened our automation Digital our services. reached SaaS. which from continues. on recently, started contracts and support call strengthened Get revenue relationship what front-end expanded our revenue including these has the we license this: Now. workflow and that and This maintenance of and tend which $XXX software, aggregation which with platforms, data the our over And the we contracts, management because in
So in summary, we met guidance. XXXX our revenue QX and
that -- the impacts is the positive the of our COVID-XX delivered improvement solutions Digital of the bolstered gradual in by pandemic from Our XXXX and we emerging the growth Asset Group. by such momentum
our low-margin We and noncore, strategy exit exit on track with successful to trapped revenue costs with remain to have been associated that transition business.
of million recurring We against $XXX have over savings. cost executed
continuous to focused we Finally, on progress our and on balance continued and our flexibility, strengthening we've make remain financial improvement. sheet
TAM. we profitable by Looking technology-led automation are for our business available see and we the that solutions ahead, opportunities about growth, the process driven excited
CFO, I'd call to that, With discuss over our more like turn the detail. to the Sortur, to numbers in Shrikant? Shrikant
