ExlService Holdings, Inc., a leading data analytics and digital operations and solutions company, has announced its financial results for the first quarter of 2022. The company had a strong first quarter with revenue of USD 329.2 Mn, a 25.9 per cent increase from the first quarter of 2021.
Rohit Kapoor, VC and CEO, said, “Analytics led our growth with a 45.7% revenue increase from the first quarter of 2021. The adjusted diluted earnings per share for the quarter was USD 1.42, a 20.3 per cent increase year-over-year. This strong performance affirms our focus strategy on high-value data-led solutions, enabling our clients to improve business outcomes”.
Maurizio Nicolelli, CFO, said, “Based on our strong first-quarter financial results and the visibility we have for the remainder of the year, we are increasing our revenue guidance for 2022 to be in the range of USD 1.315 Bn to USD 1.335 Bn, from USD 1.28 Bn to USD 1.31 Bn. This represents a 17 per cent to 19 per cent increase year-over-year on a reported basis and a 14 per cent to 16 per cent increase year-over-year on an organic constant currency basis. We are increasing our adjusted diluted earnings per share guidance for 2022 to USD 5.40 to USD 5.65, from USD 5.35 to USD 5.60, representing a 12 per cent to 17 per cent increase over the prior year. Our balance sheet remains strong with cash and short-term investments of USD 269.2 Mn.”
About ExlService Holdings, Inc.
EXL is a leading data analytics and digital operations and solutions company that partners with clients to improve business outcomes and unlock growth. Focused on driving faster decision-making and transforming operating models, EXL was founded on the core values of innovation, collaboration, excellence, integrity and respect.
