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Mar 31, 2023
ExlService Q1 2023 Earnings Report
Reported strong first-quarter results with revenue growth and adjusted diluted EPS growth.
Key Takeaways
ExlService Holdings reported a strong first quarter with a 21.7% increase in revenue and a 22.5% increase in adjusted diluted EPS. The company's data-led strategy has expanded its market and generated a competitive advantage. Due to this strong momentum, EXL is increasing the revenue guidance for the full year 2023 to be in the range of $1.595 billion to $1.620 billion and adjusted diluted earnings per share guidance for 2023 to $6.75 to $6.90.
Revenue for the quarter ended March 31, 2023 increased to $400.6 million, up 21.7% year-over-year.
Q1 Diluted EPS (GAAP) was $1.51, up 41.1% from $1.07 in Q1 2022.
Q1 Adjusted Diluted EPS (Non-GAAP) was $1.74, up 22.5% from $1.42 in Q1 2022.
EXL is increasing its revenue and adjusted diluted earnings per share guidance for the full year 2023.
Revenue by Segment
Forward Guidance
Based on current visibility, EXL is providing the following guidance for the full year 2023: Revenue of $1.595 billion to $1.620 billion, representing an increase of 13% to 15% on both a reported and constant currency basis from 2022. Adjusted diluted earnings per share of $6.75 to $6.90, representing an increase of 12% to 15% from 2022.
Positive Outlook
- Revenue of $1.595 billion to $1.620 billion, representing an increase of 13% to 15% on both a reported and constant currency basis from 2022.
- Adjusted diluted earnings per share of $6.75 to $6.90, representing an increase of 12% to 15% from 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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