Noida-based BPO EXL ups sales outlook to 42%

NEW DELHI: Buoyed by strong revenue flows from recently acquired US-based Outsourced Partners International (OPI) systems and better demand outlook, Nasdaq-listed BPO firm EXL Service Holdings has revised its sales guidance upwards by $3 million to $358 million, for the year.

The Noida-based BPO now expects its revenues to grow to 42% this year, from the projected 40% earlier. Net profit for EXL jumped 73% to $8 million from last year. The company’s sales jumped 40% to $85 million over last year.

“Our outsourcing business enjoyed strong revenue growth this quarter in finance, accounting and industry-vertical focused processes. EXL has closed the OPI acquisition in line with our expected timetable,” president and CEO Rohit Kapoor said.

The company has closed the buyout of OPI for $91 million. OPI is one of the largest pure-play providers of complex finance and accounting outsourcing, with about 80 clients and 3,700 employees in the US.