Business
EXL Reports 2019 Fourth Quarter and Full Year Results
2019 Fourth Quarter Revenues of $256.9 Million, up 9.4% year-over-yearQ4 Diluted EPS (GAAP) of $0.62(1), up from $0.11(1) in Q4 of 2018Q4 Adjusted Diluted EPS
About this update from Exlservice Holdings, Inc.
[{"type":"text","content":"2019 Fourth Quarter Revenues of $256.9 Million, up 9.4% year-over-yearQ4 Diluted EPS (GAAP) of $0.62(1), up from $0.11(1) in Q4 of 2018Q4 Adjusted Diluted EPS (Non-GAAP) of $0.79, up from $0.74 in Q4 of 2018\n 2019 Revenues of $991.3 Million, up 12.3% year-over-year2019 Diluted EPS (GAAP) of $1.95(1), up from $1.62(1) in 20182019 Adjusted Diluted EPS (Non-GAAP) of $3.09, up from $2.77 in 2018 NEW YORK, Feb. 27, 2020 (GLOBE NEWSWIRE) -- ExlService Holdings, Inc. (NASDAQ: EXLS), a leading operations management and analytics company, today announced its financial results for the quarter and full year ended December 31, 2019. Rohit Kapoor, Vice Chairman and Chief Executive Officer, said, “I am pleased with our performance in 2019. We grew our Analytics business by 25.3% with a 13.5% growth in organic revenue. Our operations management businesses grew nicely at 6.1% year over year and in the second half of the year our growth accelerated to more than 10%. This was driven by double-digit growth in the Insurance and Healthcare verticals. “Our success is a result of our ability to deliver tangible business outcomes for our clients as their strategic digital transformation partner. Our ability to combine deep domain expertise, data, analytics and digital technologies to orchestrate solutions for business problems has positioned us as a market leader and a partner of choice. Our pipeline remains strong and we look forward to the continued growth in 2020.” Maurizio Nicolelli, Chief Financial Officer, said, “We ended 2019 with strong momentum in our business and a very healthy balance sheet. For 2019, we generated $168.4 million in cash flow from operations and ended the year with $321.4 million in cash and short-term investments while total borrowings were $249.9 million, for a net cash position of $71.5 million. Our initial 2020 guidance reflects our desire to drive shareholder return through revenue growth in the mid-to-high single digits on a constant currency basis and adjusted diluted EPS growth of 11% to 16%.” ______________________________________________________________ (1) Refer to Financial Highlights for details. Financial Highlights: Fourth Quarter 2019 We have six reportable segments: Insurance, Healthcare, Travel, Transportation & Logistics, Finance & Accounting, All Other (consisting of our Banking & Financial Services, Util...