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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
Revenue by Segment
Insurance Revenue
CapyFin.comHealthcare and Life Sciences Revenue
CapyFin.com 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