EXL Q3 net profit at $15.2 mn; ups 2015 revenue guidance

NEW YORK: BPO firm ExlService Holdings today said its net profit has more than doubled to $15.2 million (about Rs 99.4 crore) for the third quarter ended September 30.

The company's net income was $6.1 million for the same quarter last fiscal.

Revenues for the quarter under review increased 33.4 per cent to $163.5 million from $122.5 million during the same quarter last fiscal.

"EXL achieved strong third quarter results due to broad-based growth across both our business segments delivering 24 per cent revenue growth year-over-year," EXL Vice Chairman and CEO Rohit Kapoor said in a statement.

This revenue growth was delivered along with improved profitability based upon the plan we outlined at the start of the year, he added.

The Nasdaq-listed firm has now increased its revenue guidance for the year 2015 to about $623-626 million from the earlier forecast of $610-625 million.

"Based on our strong year-to-date performance and our growth outlook in the fourth quarter of 2015, EXL is raising its revenue guidance, representing an annual growth of 19 per cent at the mid-point, despite a currency headwind," EXL CFO Vishal Chhibbar said.

The operations management revenues for the quarter stood at $114 million, while that from analytics and business transformation was at $49.5 million.

The company's headcount was at 23,715 and attrition was at 34.5 per cent for the quarter ended September 30.