ExlService (EXLS) Tops Q1 EPS by 1c, Beats on Revenue; Raises Guidance Low Point for FY17 Revenue

ExlService (NASDAQ: EXLS) reported Q1 EPS of $0.60, $0.01 better than the analyst estimate of $0.59. Revenue for the quarter came in at $183 million versus the consensus estimate of $176.93 million.

2017 First Quarter Revenues of $183.0 Million, up 9.6% year over yearQ1 Diluted EPS (GAAP) of $0.48, up from $0.40 in Q1 of 2016 Q1 Adjusted Diluted EPS (Non-GAAP) of $0.60, up from $0.56 in Q1 of 2016

GUIDANCE:

ExlService sees FY2017 revenue of $740-760 million, versus the consensus of $748.77 million.

Vishal Chhibbar, CFO, commented, “We have updated our revenue guidance for 2017 to $740 million - $760 million from $735 million - $760 million to reflect better performance in the first quarter and favorable exchange rates versus the U.S. dollar. Our guidance represents annual revenue growth of 8% to 11% on a constant currency basis. Our adjusted diluted EPS guidance for 2017 is unchanged. Our balance sheet remains strong with cash and short-term investments of $218 million.”

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

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