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Sep 30, 2020
ExlService Q3 2020 Earnings Report
Reported a strong third quarter with revenue increasing and adjusted diluted EPS improving due to higher revenues and cost management.
Key Takeaways
EXL reported Q3 2020 revenues of $241.0 million and adjusted diluted EPS of $1.04. The company's revenue increased from the second quarter of 2020. They are raising their 2020 guidance.
Revenues for Q3 2020 decreased to $241.0 million compared to $251.4 million for Q3 2019, a decrease of 4.1%.
Q3 Diluted EPS (GAAP) was $0.76, up from $0.55 in Q3 of 2019.
Q3 Adjusted Diluted EPS (Non-GAAP) was $1.04, up from $0.84 in Q3 of 2019.
The company won 11 new clients in the third quarter of 2020, with five in operations management and six in analytics.
ExlService
ExlService
ExlService Revenue by Segment
Revenue by Segment
Insurance Revenue
CapyFin.comHealthcare and Life Sciences Revenue
CapyFin.com Forward Guidance
EXL raised its revenue guidance for 2020 to $950 million to $958 million, and its adjusted diluted EPS guidance for 2020 to $3.40 to $3.48.
Positive Outlook
- Revenue of $950 million to $958 million.
- Adjusted diluted earnings per share of $3.40 to $3.48.
Challenges Ahead
- Revenue represents an annual revenue reduction of 3% to 4% on a constant currency basis from 2019.
Revenue & Expenses
Visualization of income flow from segment revenue to net income