EXL Q2 net profit up 55 pc at $12.1 mn

BPO firm ExlService Holdings today said its net profit has increased 55 per cent to USD 12.1 million (about Rs 77.5 crore) for the second quarter ended June 30, 2015.
This is against a net profit of USD 7.8 million for the same quarter last year, EXL said in a statement.
"We made good progress on the execution of our key priorities by winning new strategic deals, strengthening our leadership position in analytics and improving our profitability," EXL Vice Chairman and CEO Rohit Kapoor said.
EXL expects its revenue for the fiscal 2015 to be between USD 610 million to USD 625 million.

Revenues for the said quarter stood at USD 155.6 million compared to USD 119.7 million for the same quarter last year, up 30 per cent.
The company's Operations Management revenues for the quarter ended June 30, 2015 were USD 112.6 million compared to USD 94.3 million for the year-ago period.

"Operations Management had strong revenue momentum driven by expansion in major client relationships and contribution from our acquisition of Overland Solutions," Kapoor said.
In addition, EXL's pipeline remains robust due to differentiated capabilities, as well as leveraging Business EXLerator and BPaaS solutions, he added.
Analytics and Business Transformation revenues for the quarter ended June 30, 2015 were USD 43.0 million compared to USD 25.4 million for the same quarter last year.

"Analytics and business transformation revenue grew by 69 per cent year-over-year reflecting strong organic growth for our analytics services and the impact of acquisitions. The demand for our analytics products and services remains strong across our chosen verticals," he said.
The company won six new clients during the second quarter and one new client in analytics and business transformation.
Its headcount stood at 22,684, compared to 22,618 as of March 31, 2015.
The company witnessed an attrition rate of 34.9 per cent in the June 2015 quarter, up from 33.6 per cent for the March quarter.