EXL Q3 net profit at $15.2 mn; ups 2015 revenue guidance

BPO firm ExlService Holdings said its net profit has more than doubled to USD 15.2 million (about Rs 99.4 crore) for the third quarter ended September 30. The company's net income was USD 6.1 million for the same quarter last fiscal. Revenues for the quarter under review increased 33.4 percent to USD 163.5 million from USD 122.5 million during the same quarter last fiscal.

"EXL achieved strong third quarter results due to broad-based growth across both our business segments delivering 24 percent revenue growth year-over-year," EXL Vice Chairman and CEO Rohit Kapoor said in a statement. This revenue growth was delivered along with improved profitability based upon the plan we outlined at the start of the year, he added. The Nasdaq-listed firm has now increased its revenue guidance for the year 2015 to about USD 623-626 million from the earlier forecast of USD 610-625 million.

"Based on our strong year-to-date performance and our growth outlook in the fourth quarter of 2015, EXL is raising its revenue guidance, representing an annual growth of 19 percent at the mid-point, despite a currency headwind," EXL CFO Vishal Chhibbar said. The operations management revenues for the quarter stood at USD 114 million, while that from analytics and business transformation was at USD 49.5 million. The company's headcount was at 23,715 and attrition was at 34.5 percent for the quarter ended September 30.