11 Best IT Stocks to Invest In According to Hedge Funds

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8. ExlService Holdings Inc. (NASDAQ:EXLS)

Number of Hedge Fund Holders: 41

ExlService Holdings Inc. (NASDAQ:EXLS) is one of the best IT stocks to invest in according to hedge funds. On September 9, ExlService Holdings published its 6th annual Sustainability Report. The report detailed significant environmental achievements, including a ~60% reduction in Scope 1 and Scope 2 greenhouse gas emissions since 2019, and a 14% decrease in Scope 3 greenhouse gas emissions over the same period.

Furthermore, the company now sources ~half of its worldwide energy, specifically 44%, from renewable sources. Since 2022, EXL has also contributed to planting 86,000+ trees in partnership with the Give Me Trees Trust. The report also emphasized employee engagement in sustainability efforts.

More than 31,000 employees participated in the company’s corporate social responsibility/CSR initiatives, which include volunteering and giving. Employee volunteer hours increased to over 64,000 in 2024 and benefited more than 74,000 people worldwide. The report highlights several key topics from 2024, such as responsible AI governance and the link between environmental sustainability and return on investment.

ExlService Holdings Inc. (NASDAQ:EXLS) is a data analytics and digital operations & solutions company. It operates through Insurance; Healthcare & Life Sciences; Banking, Capital Markets, & Diversified Industries; and International Growth Markets.

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