Exlservice Holdings, Inc. (NASDAQ:EXLS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0%.
Exlservice Holdings, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.11% to $0.4 in the quarter versus EPS of $0.36 in the year-earlier quarter.
Revenue: Rose 10.89% to $116 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Exlservice Holdings, Inc. reported adjusted EPS income of $0.4 per share. By that measure, the company beat the mean analyst estimate of $0.39. It missed the average revenue estimate of $118.17 million.
Quoting Management: Rohit Kapoor, Vice Chairman and CEO, commented: “In the first quarter, EXL posted sequential growth in our outsourcing business, due to contributions from our insurance and healthcare and utilities verticals. Our transformation business started the year slowly, similar to last year. While we have experienced some delays in discretionary project-based spending on the part of clients and prospects, the pipeline remains strong across our businesses. We are encouraged by our progress with both new and existing clients.”
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