Business
EXL Reports 2020 Fourth Quarter and Full Year Results
2020 Fourth Quarter Revenues of $249.0 Million, down 3.1% year-over-yearQ4 Diluted EPS (GAAP) of $0.94, up from $0.62 in Q4 of 2019Q4 Adjusted Diluted EPS
About this update from Exlservice Holdings, Inc.
[{"type":"text","content":"2020 Fourth Quarter Revenues of $249.0 Million, down 3.1% year-over-yearQ4 Diluted EPS (GAAP) of $0.94, up from $0.62 in Q4 of 2019Q4 Adjusted Diluted EPS (Non-GAAP) (1) of $1.14, up from $0.79 in Q4 of 2019 2020 Revenues of $958.4 Million, down 3.3% year-over-year2020 Diluted EPS (GAAP) of $2.59, up from $1.95 in 20192020 Adjusted Diluted EPS (Non-GAAP) (1) of $3.53, up from $3.09 in 2019 NEW YORK, Feb. 25, 2021 (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, 2020. Rohit Kapoor, Vice Chairman and Chief Executive Officer, said, “EXL had a strong fourth quarter with revenue of $249.0 million and full year revenue of $958.4 million. Our adjusted diluted EPS for the year was a record $3.53, a 14% increase. 2020 was a transformative year for EXL. We proved the resiliency of our business model by effectively navigating pandemic related challenges. We focused on employee safety, strengthened our client relationships and expanded our profit margins. Our strengths in operations management, digital transformation and analytics are resonating with clients as they pursue their strategic goals in the new market environment. We see opportunities to grow revenue and profitability with a robust pipeline as we look ahead to 2021.” Maurizio Nicolelli, Chief Financial Officer, said, “We ended 2020 with good momentum in our business and a very healthy balance sheet. In 2020, we generated $203.0 million in cash flow from operations and ended the year with $403.0 million in cash and short-term investments. Total borrowings were $239.0 million with a net cash position of $164.0 million. Our 2021 guidance follows the medium term targets we communicated at our investor day in November 2020. We expect 2021 revenue to be in the range of $1.04 billion to $1.06 billion, representing a 9% to 11% increase year-over-year. We expect adjusted diluted EPS to be in the range of $3.90 to $4.05, representing a 10% to 15% increase over the prior year.” Reconciliations of adjusted (non-GAAP) financial measures to GAAP measures are included at the end of this release. Financial Highlights: Fourth Quarter 2020 Effective January 1, 2020, we made certain operational and structural changes to manage and report financia...