{"id":751881,"date":"2023-04-27T06:34:48","date_gmt":"2023-04-27T10:34:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/exl-reports-2023-first-quarter-results\/"},"modified":"2023-04-27T06:34:48","modified_gmt":"2023-04-27T10:34:48","slug":"exl-reports-2023-first-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/exl-reports-2023-first-quarter-results\/","title":{"rendered":"Exl Reports 2023 First Quarter Results"},"content":{"rendered":"
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\n 2023 First Quarter Revenue of $400.6 Million, up 21.7% year-over-year
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\n Q1 Diluted EPS (GAAP) of $1.51, up 41.1% from $1.07 in Q1 of 2022
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\n Q1 Adjusted Diluted EPS (Non-GAAP) <\/em>
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\n (1)<\/em>
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\n of $1.74, up 22.5% from $1.42 in Q1 of 2022<\/em>
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NEW YORK, April 27, 2023 (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 March 31, 2023.<\/p>\n

Rohit Kapoor, Vice Chairman and Chief Executive Officer, said, \u201cWe continued our strong momentum into the first quarter, with revenue growth of 21.7% and adjusted diluted EPS growth of 22.5%. Our data-led strategy has expanded our total addressable market and generated a sustainable competitive advantage for EXL. The consistent execution of this strategy continues to fuel growth across our data analytics and digital operations and solutions businesses.\u201d<\/p>\n

Maurizio Nicolelli, Chief Financial Officer, said, \u201cWhile we remain cautious on the macro-economic environment, we are increasing our revenue guidance for the full year 2023 based on our strong momentum in the first quarter and current visibility for the remainder of the year. We now expect revenue to be in the range of $1.595 billion to $1.620 billion, up from our prior guidance of $1.560 billion to $1.600 billion. This represents 13% to 15% year-over-year growth on both a reported and constant currency basis. We are also increasing our adjusted diluted earnings per share guidance for 2023 to $6.75 to $6.90, from $6.60 to $6.80, representing growth of 12% to 15% over the prior year.\u201d<\/p>\n

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  1. 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.\n<\/li>\n<\/ol>\n

    \n Financial Highlights: First Quarter 2023<\/strong>\n <\/p>\n