Exlservice ( (EXLS) ) has released its Q4 earnings. Here is a breakdown of the information Exlservice presented to its investors.
ExlService Holdings, Inc. (NASDAQ: EXLS) is a global data and AI company that specializes in transforming business models across various industries, including insurance, healthcare, and financial services, by leveraging data and artificial intelligence.
ExlService reported a strong financial performance for the fourth quarter and full year of 2024, with significant revenue growth and earnings per share increases. The company continues to expand its capabilities in data and AI, positioning itself for future growth.
In the fourth quarter of 2024, ExlService achieved a revenue of $481.4 million, marking a 16.3% increase compared to the same period in 2023. The company’s diluted earnings per share (EPS) rose by 28.4% to $0.31, while the adjusted diluted EPS increased by 26.1% to $0.44. For the full year, revenue grew by 12.7% to $1.84 billion, and the adjusted diluted EPS saw a 15.4% rise to $1.65. Key strategic initiatives included the launch of an enterprise AI platform and the acquisition of ITI Data to enhance data management capabilities.
ExlService’s strategic focus on AI and data-driven solutions has been instrumental in its growth, as evidenced by the company’s recognition as a leader in various industry reports. The company won 69 new clients in 2024, with significant contributions from its digital operations and analytics segments. The introduction of the EXLerate.AI platform further underscores its commitment to innovation and efficiency.
Looking ahead, ExlService is optimistic about its growth prospects, with 2025 revenue expected to increase by 10% to 12% and adjusted diluted EPS projected to rise by 11% to 14%. The company plans to adopt a new operating model to better align its services with industry-specific needs and capitalize on the growing AI market.