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Mar 31, 2022
ExlService Q1 2022 Earnings Report
Reported a strong first quarter with revenue up 25.9% year-over-year and adjusted diluted earnings per share up 20.3%.
Key Takeaways
EXL reported a strong first quarter with revenue of $329.2 million, a 25.9% increase from the first quarter of 2021. Adjusted diluted earnings per share for the quarter was $1.42, a 20.3% increase year-over-year. The company is increasing its revenue guidance for 2022 to be in the range of $1.315 billion to $1.335 billion, and adjusted diluted earnings per share guidance for 2022 to $5.40 to $5.65.
Revenues for the quarter ended March 31, 2022 increased to $329.2 million compared to $261.4 million for the first quarter of 2021, an increase of 25.9%.
Q1 Diluted Earnings Per Share (GAAP) of $1.07, up from $0.93 in Q1 of 2021
Q1 Adjusted Diluted Earnings Per Share (Non-GAAP) of $1.42, up from $1.18 in Q1 of 2021
Based on strong first quarter financial results, the company is increasing its revenue and adjusted diluted earnings per share guidance for 2022.
ExlService
ExlService
ExlService Revenue by Segment
Revenue by Segment
Insurance Revenue
CapyFin.comHealthcare and Life Sciences Revenue
CapyFin.com Forward Guidance
Based on current visibility, the company is providing the following guidance for the full year 2022: Revenue of $1.315 billion to $1.335 billion and Adjusted diluted earnings per share of $5.40 to $5.65.
Positive Outlook
- Revenue of $1.315 billion to $1.335 billion, representing an increase of 17% to 19% on a reported basis
- Revenue representing an increase of 14% to 16% on an organic constant currency basis from 2021
- Adjusted diluted earnings per share of $5.40 to $5.65, representing an increase of 12% to 17% from 2021
- Strong momentum heading further into 2022
- Positioned well for continued growth
Revenue & Expenses
Visualization of income flow from segment revenue to net income