ExlService Q3 2021 Earnings Report
Key Takeaways
EXL reported a strong third quarter with revenue of $290.3 million, a 20.5% increase compared to the third quarter of 2020. Adjusted diluted earnings per share for the quarter was $1.30, a 25.0% increase year-over-year. The company is increasing its revenue guidance for 2021 to be in the range of $1.11 billion to $1.12 billion and adjusted diluted earnings per share guidance for 2021 is also increasing to $4.70 to $4.80.
Revenues for the quarter ended September 30, 2021 increased to $290.3 million compared to $241.0 million for the third quarter of 2020, an increase of 20.5%.
Operating income margin for the quarter ended September 30, 2021 was 14.6%, compared to 14.3% for the third quarter of 2020.
Diluted earnings per share for the quarter ended September 30, 2021 was $0.77 compared to $0.76 for the third quarter of 2020.
Adjusted diluted earnings per share for the quarter ended September 30, 2021 was $1.30 compared to $1.04 for the third quarter of 2020.
ExlService
ExlService
ExlService Revenue by Segment
Forward Guidance
EXL is increasing its revenue guidance for 2021 to be in the range of $1.11 billion to $1.12 billion, representing a 15% to 16% increase year-over-year on a constant currency basis. Adjusted diluted earnings per share guidance for 2021 is also increasing to $4.70 to $4.80, representing a 33% to 36% increase over the prior year.
Positive Outlook
- Revenue of $1.11 billion to $1.12 billion, representing an increase of 16% to 17% on a reported basis from 2020.
- Revenue of $1.11 billion to $1.12 billion, representing 15% to 16% on a constant currency basis, from 2020.
- Adjusted diluted earnings per share of $4.70 to $4.80, representing an increase of 33% to 36% from 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income