ExlService (EXLS) Reports In-Line Q3 EPS, Slight Miss on Revenues; Lowers FY18 Revenue Mid-Point Views, Narrows FY19 EPS Outlook

ExlService (NASDAQ: EXLS) reported Q3 EPS of $0.71, in-line with the analyst estimate of $0.71. Revenue for the quarter came in at $231.12 million versus the consensus estimate of $231.51 million.

• 2018 Third Quarter Revenues of $231.1 Million, up 20.2% year over year
• Q3 Diluted EPS (GAAP) of $0.43, down from $0.60 in Q3 of 2017
• Q3 Adjusted Diluted EPS (Non-GAAP) of $0.71, up from $0.69 in Q3 of 2017

“Our differentiated Digital Intelligence strategy is resonating well in the marketplace and is driving a strong pipeline. Additionally, the integration of SCIO is on track and will create a compelling offering across the Analytics and healthcare markets.”

Vishal Chhibbar, Chief Financial Officer, said, “We are narrowing our revenue guidance for 2018 to $877 million - $885 million from $878 million - $892 million. The mid-point of our guidance is now $881 million driven by foreign exchange headwind of $4 million at current exchange rates. Our guidance represents annual revenue growth of 16% to 17% on a constant currency basis. We are narrowing the range of adjusted diluted EPS guidance for 2018 to $2.72 - $2.78 from $2.70 - $2.80, with the mid-point unchanged at $2.75. Our cash and short-term investments were $242.5 million on September 30, 2018.”

GUIDANCE:

ExlService sees FY2018 EPS of $2.72-$2.78, versus the consensus of $2.76. ExlService sees FY2018 revenue of $877-885 million, versus the consensus of $886.23 million.

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

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