UPDATE: ExlService (EXLS) Tops Q4 EPS by 6c, Revenues Beat; Provides FY20 EPS Views Above Consensus, FY20 Revenue Mid-Point Guidance Below Consensus
ExlService (NASDAQ: EXLS) reported Q4 EPS of $0.79, $0.06 better than the analyst estimate of $0.73. Revenue for the quarter came in at $256.9 million versus the consensus estimate of $251.81 million.
- 2019 Fourth Quarter Revenues of $256.9 Million, up 9.4% year-over-yearQ4 Diluted EPS (GAAP) of $0.62(1), up from $0.11(1) in Q4 of 2018Q4 Adjusted Diluted EPS (Non-GAAP) of $0.79, up from $0.74 in Q4 of 2018
- 2019 Revenues of $991.3 Million, up 12.3% year-over-year2019 Diluted EPS (GAAP) of $1.95(1), up from $1.62(1) in 20182019 Adjusted Diluted EPS (Non-GAAP) of $3.09, up from $2.77 in 2018
Rohit Kapoor, Vice Chairman and Chief Executive Officer, said, “I am pleased with our performance in 2019. We grew our Analytics business by 25.3% with a 13.5% growth in organic revenue. Our operations management businesses grew nicely at 6.1% year over year and in the second half of the year our growth accelerated to more than 10%. This was driven by double-digit growth in the Insurance and Healthcare verticals.
“Our success is a result of our ability to deliver tangible business outcomes for our clients as their strategic digital transformation partner. Our ability to combine deep domain expertise, data, analytics and digital technologies to orchestrate solutions for business problems has positioned us as a market leader and a partner of choice. Our pipeline remains strong and we look forward to the continued growth in 2020.”
Maurizio Nicolelli, Chief Financial Officer, said, “We ended 2019 with strong momentum in our business and a very healthy balance sheet. For 2019, we generated $168.4 million in cash flow from operations and ended the year with $321.4 million in cash and short-term investments while total borrowings were $249.9 million, for a net cash position of $71.5 million. Our initial 2020 guidance reflects our desire to drive shareholder return through revenue growth in the mid-to-high single digits on a constant currency basis and adjusted diluted EPS growth of 11% to 16%.”
GUIDANCE:
ExlService sees FY2020 EPS of $3.42-3.58, versus the consensus of $3.39.
ExlService sees FY2020 revenue of $1.04-1.065 billion, versus the consensus of $1.06 billion.
For earnings history and earnings-related data on ExlService (EXLS) click here.