Business
EXL Reports 2022 Fourth Quarter and Year-End Results; Issues 2023 Guidance
2022 Fourth Quarter Revenue of $374.7 Million, up 26.8% year-over-yearQ4 Diluted EPS (GAAP) of $0.94, up 13.3% from $0.83 in Q4 of 2021Q4 Adjusted Diluted EPS
About this update from Exlservice Holdings, Inc.
[{"type":"text","content":"2022 Fourth Quarter Revenue of $374.7 Million, up 26.8% year-over-yearQ4 Diluted EPS (GAAP) of $0.94, up 13.3% from $0.83 in Q4 of 2021Q4 Adjusted Diluted EPS (Non-GAAP) (1) of $1.56, up 28.9% from $1.21 in Q4 of 2021 2022 Revenue of $1.41 Billion, up 25.8% year-over-year2022 Diluted EPS (GAAP) of $4.23, up 26.3% from $3.35 in 20212022 Adjusted Diluted EPS (Non-GAAP) (1) of $6.02, up 24.6% from $4.83 in 2021 NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) -- ExlService Holdings, Inc. (NASDAQ: EXLS), a leading data analytics and digital operations and solutions company, today announced its financial results for the quarter and full year ended December 31, 2022. Rohit Kapoor, Vice Chairman and Chief Executive Officer, said, “We ended the year strong with fourth quarter revenue and EPS growth of over 25%. Our data-led approach has differentiated us within our industry and expanded our total addressable market. Our proprietary data assets, digital solutions and domain and data expertise, combined with our best-in-class talent, creates value for our clients. This is reflected in the continued growth of our analytics business and the acceleration of growth in our digital operations and solutions business. As we look to 2023, EXL is well positioned with a strong pipeline, differentiated solutions and a growing base of client relationships across industry verticals.” Maurizio Nicolelli, Chief Financial Officer, said, “We ended 2022 with strong momentum in our business, a healthy balance sheet and solid free cash flow. We are mindful of the potential for recessionary headwinds later in the year, but continue to believe we will deliver double-digit revenue and EPS growth in 2023. Our guidance for 2023 revenue is in the range of $1.56 billion to $1.60 billion, representing an 11% to 13% increase year-over-year on a reported basis and 11% to 14% on a constant currency basis. We expect adjusted diluted EPS to be in the range of $6.60 to $6.80, representing a 10% to 13% increase over 2022.\" __________________________________________________ Reconciliations of adjusted (non-GAAP) financial measures to the most directly comparable GAAP measures, where applicable, are included at the end of this release under “Reconciliation of Adjusted Financial Measures to GAAP Measures.” These non-GAAP measures, including adjusted diluted EPS and constant currency ...