ExlService Q4 2024 Earnings Report

ExlService reported increased revenue and earnings in Q4 2024.

Key Takeaways

ExlService Holdings, Inc. reported strong performance in Q4 2024, with revenue growth of 16.3% year-over-year and improvements in both GAAP and non-GAAP earnings per share. The company's focus on data and AI capabilities drove the quarter's success.

Revenue increased 16.3% year-over-year to $481.4 million.

GAAP diluted EPS rose 28.4% to $0.31.

Non-GAAP adjusted diluted EPS increased 26.1% to $0.44.

Operating income margin improved to 14.8%.

Total Revenue

$481M

Previous year: $414M

+16.3%

EPS

$0.44

Previous year: $0.35

+25.7%

Operating Margin

14.8%

Gross Margin

38.1%

Cash and Equivalents

$153M

Previous year: $295M

-48.0%

Total Assets

$1.62B

Previous year: $1.44B

+12.2%

ExlService Revenue

ExlService EPS

ExlService Revenue by Segment

ExlService Revenue by Geographic Location

Forward Guidance

ExlService expects revenue growth of 10% to 12% in 2025, with adjusted diluted EPS expected to increase 11% to 14%.

Positive Outlook

Revenue projected to be between $2.025 billion and $2.060 billion.
Anticipates revenue growth of 11% to 13% on a constant currency basis.
Adjusted EPS expected to be between $1.83 and $1.89.
Continued focus on data and AI capabilities.
New operating model to drive long-term growth.

Challenges Ahead

Potential risks related to currency fluctuations.
Higher operating costs anticipated.
Ongoing investment in data and AI infrastructure.
Challenges in maintaining gross profit margins.
Potential impact of macroeconomic conditions on client demand.