ExlService Holdings has announced its financial results for the fourth quarter of 2012 and the year ended December 31, 2012.
Rohit Kapoor, Vice Chairman and CEO, commented: "2012 was a year of strong growth and continued investment at EXL. Revenues grew 23% year-over-year, or 27% on a constant currency basis. We drove this growth through robust expansion with our existing clients, record new client wins, and acquisitions. We added forty one new clients, including seventeen in analytics, where we have built a leading presence serving retail banks, as well as six in finance and accounting.”
Revenues for the year ended December 31, 2012 increased 22.9% to $442.9 million compared to $360.5 million for the year ended December 31, 2011. Revenues for the quarter ended December 31, 2012 were $117.7 million compared to $102.6 million for the quarter endedDecember 31, 2011 and $112.6 million for the quarter ended September 30, 2012. Outsourcing services revenues for the year endedDecember 31, 2012 were $366.8 million, up 24.6% compared to $294.4 million for the year ended December 31, 2011. Transformation services revenues for the year ended December 31, 2012 were $76.2 million, up 15.1% compared to $66.2 million in the year ended December 31, 2011.
Based on current visibility and an Indian rupee to U.S. dollar exchange rate of 54, the Company is planning to provide revenues of $495 million to $505 million and adjusted diluted earnings per share, excluding the impact of stock-based compensation expense, amortization of intangibles and associated tax impacts, of $1.77 to $1.85.
