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Sep 30, 2024
ExlService Q3 2024 Earnings Report
ExlService reported third quarter results with revenue up 14.9% year-over-year and adjusted diluted EPS up 16.3%.
Key Takeaways
ExlService Holdings, Inc. announced its financial results for the quarter ended September 30, 2024. The company reported revenue of $472.1 million, a 14.9% increase compared to the third quarter of 2023. Diluted EPS (GAAP) was $0.33, up 24.2% from $0.26 in Q3 2023. Adjusted diluted EPS (Non-GAAP) was $0.44, up 16.3% from $0.37 in Q3 2023. The company is raising the full-year guidance range for revenue and EPS.
Revenue for the quarter ended September 30, 2024 increased to $472.1 million, up 14.9% year-over-year.
Q3 Diluted EPS (GAAP) of $0.33, up 24.2% from $0.26 in Q3 of 2023.
Q3 Adjusted Diluted EPS (Non-GAAP) of $0.44, up 16.3% from $0.37 in Q3 of 2023.
The company launched EXL Insurance LLM, developed using NVIDIA AI software.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Based on current visibility, EXL is providing the following guidance for the full year 2024: Revenue of $1.825 billion to $1.835 billion, representing an increase of 12% to 13% on a reported currency basis. Adjusted diluted earnings per share of $1.61 to $1.63, representing an increase of 13% to 14% from 2023.
Positive Outlook
- Revenue of $1.825 billion to $1.835 billion, representing an increase of 12% to 13% from 2023.
- Adjusted diluted earnings per share of $1.61 to $1.63, representing an increase of 13% to 14% from 2023.
- Double-digit growth across both data analytics and digital operations and solutions businesses.
- Ongoing execution of data and AI-led strategy.
- Expansion of data modernization and AI solution set with innovations such as industry-specific large language models (LLMs).
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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