This is against a net profit of USD 9.2 million in the same period last year, ExlService Holdings said in a statement.
However, the company's revenues increased 3.1 per cent to USD 119.7 million in the reported quarter from Rs 116 crore in the April-June 2013 quarter.
"EXL experienced strong second quarter volume growth, driven by strength in our transformation segment which grew 36.1 per cent year over year. In particular, decision analytics, experienced annual y-o-y growth of 48 per cent," EXL Vice Chairman and CEO Rohit Kapoor said.
"Decision analytics now represents about 12 per cent of EXL's total revenues. In outsourcing, we migrated 49 new processes for new and existing clients across finance and accounting, insurance, and travel, transportation and logistics," he said.
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For 2014, EXL has upwardly revised its revenue guidance to USD 490 million to USD 503 million to include the acquisition of Blue Slate and based on strong revenue performance in the first half of the year.
"Our revenue guidance excludes the impact of the reimbursement of disentanglement costs," EXL CFO Vishal Chhibbar said.
Outsourcing services revenues for the quarter ended June 30, 2014 stood at USD 94.3 million, while those from transformation services were at USD 25.4 million.
During the reported quarter, EXL won seven new clients, including 4 transformation clients. It also expanded multiple outsourcing services relationships, including migrating 49 new processes in the second quarter of 2014.
Its headcount stood at 23,071 people as of June 30, 2014 with the addition of 271 people during the quarter under review.