ExlService Holdings Hits Record High

Shares of ExlService Holdings set a record high at Thursday’s open after the operations and analytics company reported better-than-expected Q2 results, and raised its FY17 EPS and revenue guidance. The company reported non-GAAP Q2 EPS of $0.70 per share, up from $0.55 a year ago, and above the Capital IQ consensus estimate of $0.60 per share.

On a GAAP basis, EPS of $0.58 were up from $0.47 a year ago. Total revenue increased 11% to $189.1 million and beat the estimated $185.6 million. For FY17, the company raised their revenue guidance to $748 million to $762 million from $740 million to $760 million, and increased their adjusted EPS guidance by 9%-13% to $2.54 to $2.64 per share. This compares to Wall Street estimates of $753.1 million in revenue, and EPS of $2.57.

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