ExlService Q4 Net doubles to $14.7 mn

BPM major ExlService Holdings today said its net profit has almost doubled to USD 14.7 million for the quarter ended December 31, 2015.
Net profit for the Nasdaq-listed firm stood at USD 7.4 million in the fourth quarter ended December 2014.
Its revenues grew 22.6 per cent to USD 165.8 million in the reported quarter from USD 135.2 million in the year-ago period.
"EXL had a great 2015. Our performance in 2015 demonstrated the strength of our strategy. We delivered strong revenue growth and sustainable margin improvement," ExlService Holdings Vice Chairman and CEO Rohit Kapoor said.
He added that the significant development of its analytics capabilities and acquisition of RPM solidified its position as a front-runner in analytics.

Operations Management revenues for the quarter ended December 31, 2015 were USD 129.4 million, while that from analytics stood at USD 36.5 million.

For the fiscal ended December 31, 2015, the company's net profit grew to USD 51.5 million, while revenue was up at USD 628.4 million.
For 2016, ExlService expects its revenue to be between USD 690 million to USD 706 million, representing annual revenue growth of 11-14 per cent at constant currency.
"We feel confident about 2016 because we have strong momentum from 2015, and our strategy is enabling us to capitalise on a healthy demand in our Operations Management and Analytics businesses," EXL CFO Vishal Chhibbar said.

The company bagged nine new clients in the said quarter and 34 new clients in 2015, consisting of 25 new clients in Operations Management and nine new clients in Analytics.
As of December 31, 2015, its headcount stood at 24,061 as against 22,822 in Q4 2014. The attrition for the said quarter stood at 30.6 per cent falling from 33.5 per cent in the year-ago period.