EXL Services profit doubles in 2007

The Nasdaq listed BPO company EXL Service Holdings has reported a 64.5 per cent increase in net income at $9.8 million (about Rs 40 crore) for the fourth quarter ended December 31, 2007, as compared with $5.9 million (about Rs 24 crore) in the corresponding quarter of the previous year.

The revenues in the quarter were $50.4 million (about Rs 204 crore), up 28 per cent from $39.3 million (about Rs 159 crore) in the corresponding previous quarter.

For the full year ended December 31, 2007 net income doubled to $27 million (Rs 109 crore) as compared with $13.4 million (Rs 54 crore) in the previous year.

The company's full year revenues increased 48 per cent to $179.9 million (Rs 729 crore) from $121.8 million (Rs 493 crore) in the year ended December 31, 2006.

Rohit Kapoor, president and chief operating officer, said EXL experienced continued operational excellence in 2007.