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TheStreet Open House

EXL Reports 2012 Fourth Quarter And Full Year Results And Provides Guidance For Calendar Year 2013

Stocks in this article: EXLS

2012 Fourth Quarter Revenues of $117.7 million and Adjusted Diluted Earnings Per Share (EPS) of $0.44 2012 Revenues of $442.9 million and Adjusted Diluted EPS of $1.58 2013 Revenue Guidance of $495.0 million to $505.0 million 2013 Adjusted EPS Guidance of $1.77 to $1.85

NEW YORK, March 1, 2013 (GLOBE NEWSWIRE) -- ExlService Holdings, Inc. (Nasdaq:EXLS), a leading provider of outsourcing and transformation services, today announced its financial results for the fourth quarter of 2012 and the year ended December 31, 2012.

Rohit Kapoor, Vice Chairman and CEO, commented: "2012 was a year of strong growth and continued investment at EXL. Revenues grew 23% year-over-year, or 27% on a constant currency basis. We drove this growth through robust expansion with our existing clients, record new client wins, and acquisitions. We added forty one new clients, including seventeen in analytics, where we have built a leading presence serving retail banks, as well as six in finance and accounting.

"Along with strong growth, in 2012 we made substantial investments in our company. We added several key executives to our senior leadership team. We made significant investments to develop in-house domain expertise by launching the EXL Center for Talent in India and our Healthcare Academy in the Philippines. Finally, we acquired Landacorp, providing us a differentiated care management platform to enhance our capabilities in healthcare. These investments ensure we are well positioned to capture the substantial growth opportunities in our selected markets, and that we continue to generate sustainable long-term value to shareholders."

Vishal Chhibbar, CFO, commented: "In the fourth quarter, EXL achieved revenues of $117.7 million, up 15% year-over-year, driven by 12% growth in outsourcing and 27% growth in transformation services. On a constant currency basis, revenues grew 16% year-over-year. In the fourth quarter we delivered adjusted diluted earnings per share of $0.44, up 21% year-over-year and 6% quarter-over-quarter. This year-over-year growth in adjusted earnings per share was driven by strong revenue growth and operating leverage.

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