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Sep 30, 2022
ExlService Q3 2022 Earnings Report
Reported strong third quarter results with revenue exceeding expectations and increased EPS.
Key Takeaways
EXL reported a strong third quarter with revenue of $361.4 million, a 24.5% increase year-over-year. Adjusted diluted earnings per share for the quarter was $1.54, an 18.5% increase year-over-year. The company is increasing its revenue guidance for 2022 to be in the range of $1.39 billion to $1.40 billion and adjusted diluted earnings per share guidance for 2022 to $5.85 to $5.95.
Revenues for the quarter increased to $361.4 million compared to $290.3 million for the third quarter of 2021, an increase of 24.5%.
Diluted earnings per share for the quarter was $1.16 compared to $0.77 for the third quarter of 2021.
Adjusted diluted earnings per share for the quarter was $1.54 compared to $1.30 for the third quarter of 2021.
The company won 11 new clients in the third quarter of 2022, with six in digital operations and solutions and five in analytics.
ExlService
ExlService
ExlService Revenue by Segment
Revenue by Segment
Insurance Revenue
CapyFin.comHealthcare and Life Sciences Revenue
CapyFin.com Forward Guidance
The company is increasing its revenue guidance for 2022 to be in the range of $1.39 billion to $1.40 billion and adjusted diluted earnings per share guidance for 2022 to $5.85 to $5.95.
Positive Outlook
- Revenue of $1.39 billion to $1.40 billion, representing an increase of 24% to 25% on a reported basis from 2021.
- Revenue of $1.39 billion to $1.40 billion, representing an increase of 21% to 22% on an organic constant currency basis from 2021.
- Adjusted diluted earnings per share of $5.85 to $5.95, representing an increase of 21% to 23% from 2021.
- Healthy demand across client base for data-led solutions.
- Uniquely positioned to help clients harness data, AI and the cloud to improve their profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income