ExlService Holdings, Inc. (NASDAQ: EXLS) is a leading provider of outsourcing and transformation services. EXL's outsourcing services include a full spectrum of business process outsourcing services from offshore delivery centers requiring ongoing process management skills. Transformation services enable continuous improvement of client processes by bringing together EXL's capabilities in decision analytics, risk and financial management and operations and process excellence services. Headquartered in New York, EXL primarily serves the needs of Global 1000 companies in the insurance, utilities, banking and financial services, transportation and logistics, and travel sectors.
Financial Highlights
•Revenues for the quarter ended June 30, 2010 were $60.6 million compared to $42.4 million for the quarter ended June 30, 2009
•Gross margin for the quarter ended June 30, 2010 was 38.2% compared to 39.1% for the quarter ended June 30, 2009
•Net income for the quarter ended June 30, 2010 was $4.9 million compared to $1.3 million for the quarter ended June 30, 2009
•Adjusted EBITDA for the quarter ended June 30, 2010 was $11.5 million compared to $7.6 million for the quarter ended June 30, 2009
•Diluted earnings per share to common stockholders for the quarter ended June 30, 2010 were $0.16 compared to $0.04 for the quarter ended June 30, 2009
Business Announcements
•Awarded a 5 year strategic contract with a leading European insurance company to provide a wide range of services across the insurance life cycle
•Awarded a 3 year strategic contract to provide a suite of annuity-based decision analytics services for a leading U.S. insurance provider
•Successfully integrated PDMA, Inc. and have commenced actively marketing the combined EXL LifePRO® solution set and capabilities
•Won 1 new outsourcing services client and 6 new transformation services clients
•Headcount for the quarter ended June 30, 2010 was approximately 12,200
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