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Sep 30, 2023
ExlService Q3 2023 Earnings Report
ExlService reported strong Q3 2023 results with revenue growth of 13.7% and adjusted diluted EPS growth of 21.3%.
Key Takeaways
ExlService Holdings, Inc. announced its Q3 2023 financial results, with revenue reaching $411.0 million, a 13.7% increase year-over-year. The company's diluted EPS (GAAP) was $0.26, up 13.0% from Q3 2022, and adjusted diluted EPS (Non-GAAP) was $0.37, a 21.3% increase. Based on the strong momentum, the company increased its revenue and EPS guidance for the full year 2023.
Revenue for Q3 2023 reached $411.0 million, a 13.7% increase compared to Q3 2022.
Q3 Diluted EPS (GAAP) increased by 13.0% to $0.26, compared to $0.23 in Q3 2022.
Adjusted Diluted EPS (Non-GAAP) for Q3 2023 grew by 21.3% to $0.37, compared to $0.31 in Q3 2022.
The company is increasing its revenue and EPS guidance for the full year 2023.
Revenue by Segment
Forward Guidance
Based on current visibility, EXL provides the following guidance for the full year 2023: Revenue of $1.620 billion to $1.628 billion, representing growth of 15% on a reported basis and 15% to 16% on a constant currency basis from 2022. Adjusted diluted earnings per share of $1.40 to $1.42, representing growth of 16% to 18% from 2022.
Positive Outlook
- Revenue of $1.620 billion to $1.628 billion, representing growth of 15% on a reported basis
- Revenue growth of 15% to 16% on a constant currency basis from 2022
- Adjusted diluted earnings per share of $1.40 to $1.42
- Adjusted diluted earnings per share growth of 16% to 18% from 2022
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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