ExlService (EXLS) Tops Q2 EPS by 10c, Beats on Revenues; Boosts FY17 Guidance

ExlService (NASDAQ: EXLS) reported Q2 EPS of $0.70, $0.10 better than the analyst estimate of $0.60. Revenue for the quarter came in at $189.1 million versus the consensus estimate of $185.62 million.

GUIDANCE:

ExlService sees FY2017 EPS of $2.54-$2.64, versus the consensus of $2.57. ExlService sees FY2017 revenue of $748-762 million, versus the consensus of $753.08 million.

2017 Guidance

Based on current visibility, the Company is increasing its guidance. This guidance is based on the following exchange rates for the remainder of the year: U.S. Dollar to Indian Rupee exchange rate of 64.50, British Pound to U.S. Dollar exchange rate of 1.30, U.S. Dollar to the Philippine Peso exchange rate of 50.5 and all other currencies at current exchange rates.

• Revenue of $748 million to $762 million, representing an annual revenue growth of 9% to 11% on a constant currency basis.
• Adjusted diluted earnings per share of $2.54 to $2.64, representing an annual increase of 9% to 13%.

Highlights

• 2017 Second Quarter Revenues of $189.1 Million, up 10.9% year over year
• Q2 Diluted EPS (GAAP) of $0.58, up from $0.47 in Q2 of 2016
• Q2 Adjusted Diluted EPS (Non-GAAP) of $0.70, up from $0.55 in Q2 of 2016

For earnings history and earnings-related data on ExlService (EXLS) click here.

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