{"id":701533,"date":"2022-10-27T06:03:06","date_gmt":"2022-10-27T10:03:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/exl-reports-2022-third-quarter-results\/"},"modified":"2022-10-27T06:03:06","modified_gmt":"2022-10-27T10:03:06","slug":"exl-reports-2022-third-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/exl-reports-2022-third-quarter-results\/","title":{"rendered":"EXL Reports 2022 Third Quarter Results"},"content":{"rendered":"
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\n 2022 Third Quarter Revenues of $361.4 Million, up 24.5% year-over-year<\/em>
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\n Q3 Diluted Earnings Per Share (GAAP) of $1.16, up from $0.77 in Q3 of 2021<\/em>
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\n Q3 Adjusted Diluted Earnings Per Share (Non-GAAP) <\/em>
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\n of $1.54, up from $1.30 in Q3 of 2021<\/em>
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NEW YORK, Oct. 27, 2022 (GLOBE NEWSWIRE) — ExlService Holdings, Inc. (NASDAQ: EXLS), a leading data analytics and digital operations and solutions company, today announced its financial results for the quarter ended September 30, 2022.<\/p>\n

Rohit Kapoor, Vice Chairman and Chief Executive Officer, said, \u201cEXL had a strong third quarter with revenue of $361.4 million, a 24.5% increase from the third quarter of 2021. Analytics continued to lead our growth with a 38.0% revenue increase from the third quarter of 2021. In addition, Digital Operations and Solutions revenue has significantly accelerated this year, growing by 14.8% as compared to the third quarter of 2021. Adjusted diluted earnings per share for the quarter was $1.54, an 18.5% increase year-over-year. We continue to see healthy demand across our client base for data-led solutions that enable better business decisions, embed intelligence directly into workflows and streamline operations. We are uniquely positioned to help our clients harness data, AI and the cloud to improve their profitability, boost revenue growth and enhance customer experience. Based on our outlook, we anticipate a strong finish to the year.\u201d<\/p>\n

Maurizio Nicolelli, Chief Financial Officer, said, \u201cOur strong revenue growth in the quarter exceeded expectations, and drove our increase in EPS. As a result, we are increasing our revenue guidance for 2022 to be in the range of $1.39 billion to $1.40 billion, from $1.35 billion to $1.37 billion. This represents a 24% to 25% increase year-over-year on a reported basis and 21% to 22% increase year-over-year on an organic constant currency basis. We are also increasing our adjusted diluted earnings per share guidance for 2022 to $5.85 to $5.95, from $5.60 to $5.80, representing a 21% to 23% increase over 2021.\u201d<\/p>\n

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  1. \n Reconciliations of adjusted (non-GAAP) financial measures to the most directly comparable GAAP measures, where applicable, are included at the end of this release under \u201cReconciliation of Adjusted Financial Measures to GAAP Measures.\u201d These non-GAAP measures, including adjusted diluted EPS and constant currency measures, are not measures of financial performance prepared in accordance with GAAP.<\/sub>
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    \n Financial Highlights: Third Quarter 2022<\/strong>\n <\/p>\n