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Dec 31, 2021
ExlService Q4 2021 Earnings Report
EXL reported a strong fourth quarter, with revenue growth and strategic initiatives driving new contracts and client relationships.
Key Takeaways
EXL reported a strong fourth quarter of 2021 with revenue of $295.5 million and full year revenue of $1.12 billion. The adjusted diluted EPS for the year was $4.83, a 37% increase. The company's focus on high value, strategic initiatives that leverage expertise in advanced analytics, AI, digital and cloud has helped win significant new contracts and expand relationships with existing clients.
Revenues for the quarter ended December 31, 2021 increased to $295.5 million, an increase of 18.7% year-over-year.
Q4 Diluted EPS (GAAP) was $0.83, down from $0.94 in Q4 of 2020.
Q4 Adjusted Diluted EPS (Non-GAAP) was $1.21, up from $1.14 in Q4 of 2020.
Operating income margin for the quarter ended December 31, 2021 was 12.2%, compared to 15.4% for the fourth quarter of 2020.
Revenue by Segment
Forward Guidance
EXL's guidance for 2022 revenue is in the range of $1.28 billion to $1.31 billion, representing a 14% to 17% increase year-over-year. Adjusted diluted EPS is expected to be in the range of $5.35 to $5.60, representing a 11% to 16% increase over the prior year.
Positive Outlook
- Revenue of $1.28 billion to $1.31 billion, representing an increase of 14% to 17% on a reported basis.
- Includes $40.0 million to $45.0 million of revenue from Clairvoyant.
- Represents 11% to 13% increase on an organic constant currency basis, from 2021.
- Adjusted diluted earnings per share of $5.35 to $5.60, representing an increase of 11% to 16% from 2021.
- Annual organic constant currency revenue growth of 11% to 13%.
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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