EXL Service Holdings, the Nasdaq-listed business process outsourcing (BPO) company, reported an increase of 64.5% in consolidated net income at $9.8 million for the fourth quarter ended 31 December, 2007 when compared with $5.9 million in the corresponding quarter last year. Revenue was up 28% at $50.4 million from $39.3 million in the same quarter in 2006.For the year ended 31 December, 2007, the company more than doubled its net income to $27 million when compared with $13.4 million in the year ended December 31, 2006. Revenue increased 48% to $179.9 million from $121.8 million in the year ended December 31, 2006.Vikram Talwar, CEO and vice chairman, EXL, said: "EXL capped off 2007 with an exceptional quarter completing a tremendous year of growth and expansion for our company. EXL won 38 new clients this year, and experienced continued momentum and acceptance from our customers across all of our business segments."The company, while giving its guidance for FY08 at current exchange rates, is expecting revenue of $205-210 million assuming the exercise of the Norwich Union Pune Build-Operate-Transfer option on May 1, 2008.
