•
Mar 31, 2020
ExlService Q1 2020 Earnings Report
Revenue increased slightly, but EPS saw significant growth.
Key Takeaways
ExlService Holdings, Inc. reported first-quarter revenues of $246 million, a 2.7% increase year-over-year. Diluted EPS was $0.65, up from $0.42 in the first quarter of 2019, and adjusted diluted EPS was $0.81, compared to $0.71 in the prior year.
Revenues for Q1 2020 increased to $246.0 million, up 2.7% year-over-year.
Q1 Diluted EPS (GAAP) was $0.65, up from $0.42 in Q1 2019.
Q1 Adjusted Diluted EPS (Non-GAAP) was $0.81, up from $0.71 in Q1 2019.
Won 10 new clients in the first quarter of 2020.
ExlService
ExlService
ExlService Revenue by Segment
Forward Guidance
For the second quarter of 2020, EXL expects a revenue decline of approximately 15% compared to the first quarter of 2020, and adjusted diluted EPS between $0.20 and $0.40.
Challenges Ahead
- Revenue and profit visibility for the remainder of 2020 is subject to client demand.
- Revenue and profit visibility for the remainder of 2020 is subject to the utilization rate of EXL's employees.
- Revenue and profit visibility for the remainder of 2020 is subject to local and national guidelines for unlocking various global economies.
- Second quarter of 2020 expects a revenue decline of approximately 15% compared to the first quarter of 2020 due to COVID-19 pandemic.
- Adjusted diluted EPS between $0.20 and $0.40 for the second quarter of 2020
Revenue & Expenses
Visualization of income flow from segment revenue to net income