ExlService Q2 2023 Earnings Report
Key Takeaways
ExlService Holdings, Inc. announced its financial results for the quarter ended June 30, 2023, with revenue of $405.0 million, up 16.8% year-over-year, and adjusted diluted EPS growth of 21.3%. The company is increasing its revenue and EPS guidance for the full year 2023.
Revenue for the quarter ended June 30, 2023 increased to $405.0 million compared to $346.8 million for the second quarter of 2022, an increase of 16.8%.
Diluted earnings per share for the quarter ended June 30, 2023, was $1.46, compared to $1.06 for the second quarter of 2022.
Adjusted diluted earnings per share for the quarter ended June 30, 2023, was $1.82, compared to $1.50 for the second quarter of 2022.
The company won 14 new clients in the second quarter of 2023, with 9 in digital operations and solutions business and 5 in data analytics.
ExlService
ExlService
ExlService Revenue by Segment
Forward Guidance
The company is increasing its revenue and EPS guidance for the full year 2023. They now expect revenue to be in the range of $1.605 billion to $1.625 billion and adjusted diluted earnings per share to be $6.90 to $7.05.
Positive Outlook
- Revenue of $1.605 billion to $1.625 billion, representing growth of 14% to 15% on both a reported and constant currency basis from 2022.
- Adjusted diluted earnings per share of $6.90 to $7.05, representing growth of 15% to 17% from 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income