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PHPExcel is an powerful class for read & write excel files, it is very useful in the report generation. You can easily to use PHPExcel to create the true and new version excel files, not are outdated excel formats.

PHPExcel providing a set of classes for the PHP programming language, which allow you to write to and read from different file formats, like Excel 2007, PDF, HTML, … This project is built around Microsoft’s OpenXML standard and PHP.
This class set provides, such as setting spreadsheet meta data (author, title, description, …), multiple worksheets, different fonts and font styles, cell borders, fills, gradients, adding images to your spreadsheet and much, much more!

Quoted from PHPExcel homepage

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