Business
EXL Reports 2024 Fourth Quarter and Year-End Results; Issues 2025 Guidance
2024 Fourth Quarter Revenue of $481.4 Million, up 16.3% year-over-yearQ4 Diluted EPS (GAAP) of $0.31, up 28.4% from $0.24 in Q4 of 2023Q4 Adjusted Diluted EPS
About this update from Exlservice Holdings, Inc.
[{"type":"text","content":"2024 Fourth Quarter Revenue of $481.4 Million, up 16.3% year-over-yearQ4 Diluted EPS (GAAP) of $0.31, up 28.4% from $0.24 in Q4 of 2023Q4 Adjusted Diluted EPS (Non-GAAP) (1) of $0.44, up 26.1% from $0.35 in Q4 of 2023 2024 Revenue of $1.84 Billion, up 12.7% year-over-year2024 Diluted EPS (GAAP) of $1.21, up 10.0% from $1.10 in 20232024 Adjusted Diluted EPS (Non-GAAP) (1) of $1.65, up 15.4% from $1.43 in 2023 NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- ExlService Holdings, Inc. (NASDAQ: EXLS), a global data and AI company, today announced its financial results for the quarter and full year ended December 31, 2024. Rohit Kapoor, chairman and chief executive officer, said, “As we executed our data and AI strategy in 2024, we achieved several key milestones, including launching an enterprise AI platform in partnership with NVIDIA, introducing our insurance-specific large language model (LLM) and expanding our data management capabilities with the acquisition of ITI Data. Our focus on innovating with speed led to industry-leading full-year revenue growth of 12.7% and adjusted EPS growth of 15.4%. As AI adoption continues to increase, EXL is well positioned to capture this opportunity and continue its strong growth momentum.” Maurizio Nicolelli, chief financial officer, said, “We finished 2024 with robust growth across our business segments, a formidable balance sheet and strong free cash flow. For the full year 2025, we expect revenue to be in the range of $2.025 billion to $2.060 billion, representing a 10% to 12% increase year-over-year on a reported basis and 11% to 13% on constant currency basis. We expect adjusted diluted EPS to be in the range of $1.83 to $1.89, representing a 11% to 14% increase over 2024.” __________________________________________________ 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 measures, are not measures of financial performance prepared in accordance with GAAP. Financial Highlights: Fourth Quarter 2024 Revenue for the quarter ended December 31, 2024 increased to $481.4 million compared to $414.1 million for the fourth quarter of 2023, an i...