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Jun 30, 2022
ExlService Q2 2022 Earnings Report
Reported a strong second quarter with revenue increase and exceeded earnings guidance.
Key Takeaways
EXL reported a strong second quarter with a 26.1% increase in revenue year-over-year, driven by a 44.8% increase in analytics revenue. The company's adjusted diluted earnings per share also increased by 31.6% year-over-year. Due to this strong performance, EXL is increasing its revenue and adjusted diluted earnings per share guidance for 2022.
Revenues for the quarter ended June 30, 2022 increased to $346.8 million compared to $275.1 million for the second quarter of 2021, an increase of 26.1%.
Diluted earnings per share for the quarter ended June 30, 2022 was $1.06 compared to $0.81 for the second quarter of 2021.
Adjusted diluted earnings per share for the quarter ended June 30, 2022 was $1.50 compared to $1.14 for the second quarter of 2021.
EXL is increasing its revenue guidance for 2022 to be in the range of $1.35 billion to $1.37 billion and adjusted diluted earnings per share guidance for 2022 to $5.60 to $5.80.
Revenue by Segment
Forward Guidance
EXL is increasing its revenue guidance for 2022 to be in the range of $1.35 billion to $1.37 billion, representing an increase of 20% to 22% on a reported basis. Adjusted diluted earnings per share are expected to be between $5.60 to $5.80, representing an increase of 16% to 20% from 2021.
Positive Outlook
- Revenue of $1.35 billion to $1.37 billion, representing an increase of 20% to 22% on a reported basis from 2021.
- Revenue increase of 17% to 19% on an organic constant currency basis from 2021.
- Adjusted diluted earnings per share of $5.60 to $5.80, representing an increase of 16% to 20% from 2021.
- Strong second quarter top-line growth.
- Healthy margins
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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