ExlService reports Q3 non-GAAP EPS 37c, consensus 34c

Reports Q3 revenue $411.0M, consensus $405.9M. CEO Rohit Kapoor, said, “We achieved another robust quarter, with year-over-year revenue growth of 13.7% and adjusted diluted EPS growth of 21.3%. Our data-led strategy and balanced portfolio of businesses, bolstered by our unique digital/AI capabilities, position us well to deliver superior growth in an unpredictable environment.” CFO Maurizio Nicolelli, said, “While we remain prudent in our outlook given the current uncertain environment, we are increasing our revenue and EPS guidance for the full year 2023 based on our strong momentum year to date and current visibility for the remainder of the year. We now expect revenue to be in the range of $1.620B-$1.628B, up from our prior guidance of $1.605B-$1.625B. The updated revenue guidance factors in a $2.0M currency headwind from prior guidance. This revenue guidance represents 15% year-over-year growth on a reported basis and 15% to 16% growth on a constant currency basis. We are also increasing our adjusted diluted EPS guidance for 2023 to $1.40-$1.42, representing growth of 16% to 18% over the prior year.”