NASDAQ$EXLS
ExlService Holdings Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported revenue increase of 20.5% year-over-year, GAAP diluted EPS increased to $0.77, and adjusted diluted EPS (Non-GAAP) increased to $1.30.
EXL reported a strong third quarter with revenue of $290.3 million, a 20.5% increase compared to the third quarter of 2020. Adjusted diluted earnings per share for the quarter was $1.30, a 25.0% increase year-over-year. The company is increasing its revenue guidance for 2021 to be in the range of $1.11 billion to $1.12 billion and adjusted diluted earnings per share guidance for 2021 is also increasing to $4.70 to $4.80.
- Revenues for the quarter ended September 30, 2021 increased to $290.3 million compared to $241.0 million for the third quarter of 2020, an increase of 20.5%.
- Operating income margin for the quarter ended September 30, 2021 was 14.6%, compared to 14.3% for the third quarter of 2020.
- Diluted earnings per share for the quarter ended September 30, 2021 was $0.77 compared to $0.76 for the third quarter of 2020.
- Adjusted diluted earnings per share for the quarter ended September 30, 2021 was $1.30 compared to $1.04 for the third quarter of 2020.
Headline financials
Revenue & EPS history
ExlService · Revenue · Quarterly
$290M
Revenue by segment
ExlService · $125M total across 2 segments · Q3 2021
- Insurance$98M+11.6%78.2%
- Healthcare and Life Sciences$27.3M+8.8%21.8%
Forward guidance
EXL is increasing its revenue guidance for 2021 to be in the range of $1.11 billion to $1.12 billion, representing a 15% to 16% increase year-over-year on a constant currency basis. Adjusted diluted earnings per share guidance for 2021 is also increasing to $4.70 to $4.80, representing a 33% to 36% increase over the prior year.
Tailwinds
- Revenue of $1.11 billion to $1.12 billion, representing an increase of 16% to 17% on a reported basis from 2020.
- Revenue of $1.11 billion to $1.12 billion, representing 15% to 16% on a constant currency basis, from 2020.
- Adjusted diluted earnings per share of $4.70 to $4.80, representing an increase of 33% to 36% from 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+0.7%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+2.3%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+15.0%
Q1 2010
Best reaction
-13.2%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | +4.5% | -4.2% | |
| Q4 2025 | -0.3% | +8.6% | +3.8% | |
| Q3 2025 | -7.0% | -5.6% | -4.2% | |
| Q1 2025 | +7.8% | +3.5% | +2.2% | |
| Q4 2024 | -0.1% | -1.8% | -3.9% | |
| Q3 2024 | +7.5% | +7.5% | +20.3% | |
| Q2 2024 | -3.5% | -3.2% | +3.6% | |
| Q1 2024 | +2.0% | +5.6% | +2.7% | |
| Q4 2023 | +6.3% | +4.5% | +6.5% | |
| Q3 2023 | +1.6% | +3.5% | +12.0% | |
| Q2 2023 | -13.2% | -14.2% | -11.9% | |
| Q1 2023 | +10.0% | +8.9% | -6.2% | |
| Q4 2022 | -1.0% | -3.3% | -9.9% | |
| Q3 2022 | +3.4% | +8.2% | +10.0% | |
| Q2 2022 | +13.3% | +14.0% | +14.8% | |
| Q1 2022 | -4.8% | -4.2% | +0.5% | |
| Q4 2021 | +4.9% | +7.6% | +19.6% | |
| Q3 2021 | +6.1% | +11.5% | +8.2% | |
| Q2 2021 | +5.4% | +9.5% | +12.2% | |
| Q1 2021 | -0.6% | +3.0% | +9.7% | |
| Q4 2020 | +4.0% | +5.0% | +16.7% | |
| Q3 2020 | +3.6% | +7.9% | +15.2% | |
| Q2 2020 | +3.3% | +3.1% | -4.8% | |
| Q1 2020 | -1.0% | -6.2% | +6.7% | |
| Q4 2019 | +3.1% | +5.8% | -28.2% | |
| Q3 2019 | +5.1% | +4.3% | +6.1% | |
| Q2 2019 | +3.1% | +1.5% | +2.9% | |
| Q1 2019 | -2.5% | -0.5% | -4.7% | |
| Q4 2018 | -0.6% | -1.6% | -2.4% | |
| Q3 2018 | -8.3% | -9.7% | -9.6% | |
| Q2 2018 | -2.2% | -1.1% | +7.7% | |
| Q1 2018 | -6.9% | -6.7% | -1.9% | |
| Q4 2017 | -7.0% | -7.3% | -9.0% | |
| Q3 2017 | +3.1% | +3.0% | +0.6% | |
| Q2 2017 | +3.5% | +4.9% | -0.4% | |
| Q1 2017 | +2.7% | +3.9% | +10.9% | |
| Q4 2016 | -1.6% | -3.2% | -1.2% | |
| Q3 2016 | -5.0% | -6.7% | +1.6% | |
| Q2 2016 | -3.0% | +1.2% | -1.6% | |
| Q1 2016 | -6.0% | — | — | |
| Q4 2015 | +5.4% | — | — | |
| Q3 2015 | +5.7% | — | — | |
| Q2 2015 | +5.3% | — | — | |
| Q1 2015 | +0.6% | — | — | |
| Q4 2014 | +9.2% | — | — | |
| Q3 2014 | +1.4% | — | — | |
| Q2 2014 | -1.7% | — | — | |
| Q1 2014 | +1.6% | — | — | |
| Q4 2013 | +8.9% | — | — | |
| Q3 2013 | -5.6% | — | — | |
| Q2 2013 | -4.3% | — | — | |
| Q1 2013 | -6.3% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q4 2012 | +4.6% | — | — | |
| Q3 2012 | -7.6% | — | — | |
| Q2 2012 | -2.2% | — | — | |
| Q1 2012 | -6.0% | — | — | |
| Q4 2009 | +0.6% | — | — | |
| Q3 2010 | -1.3% | — | — | |
| Q3 2011 | -1.3% | — | — | |
| Q4 2010 | -2.3% | — | — | |
| Q2 2010 | -2.3% | — | — | |
| Q2 2011 | -2.3% | — | — | |
| Q1 2010 | +15.0% | — | — |
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