Q3 2024 Exlservice Holdings Inc Earnings Call Transcript
Key Points
- ExlService Holdings Inc (EXLS) reported a strong financial performance in Q3 2024, with revenue increasing by 15% year over year to $472 million.
- The company achieved a 16% year-over-year growth in adjusted EPS, reaching 44 cents per share.
- ExlService Holdings Inc (EXLS) experienced double-digit growth across its digital operations and solutions business, with revenue up 18% year over year.
- The analytics segment saw a 5% sequential increase and an 11% year-over-year growth, marking the strongest sequential quarterly growth in six quarters.
- The company's sales pipeline is up strong double digits year-to-date, with a 25% increase in the number of large deals over $25 million in total contract value.
- ExlService Holdings Inc (EXLS) remains cautious about overall demand for discretionary projects, indicating potential challenges in certain market segments.
- The adjusted operating margin for the quarter was slightly down by 10 basis points year over year, driven by higher depreciation on new operating centers.
- The company anticipates increased investments in data and AI in the fourth quarter, which may impact short-term profitability.
- There is a noted volatility in the analytics business due to its shorter cycle nature, which could lead to fluctuations in performance.
- ExlService Holdings Inc (EXLS) faces the challenge of maintaining competitive advantage in a rapidly evolving technological landscape, necessitating significant ongoing investments.
Hello and welcome to the E XL Service Holdings Incorporated Q3 2024 earnings call. We ask that you please hold all questions until the completion of the formal remarks. At which time you will be given instructions for the question and answer session.
Also as a reminder, this conference is being recorded today. If you have any objections, please disconnect at this time.
I will now turn the call over to John Christoff, Vice President of Investor Relations.
Thanks Leila. Hello and thank you for joining Ex L's third quarter, 2024 financial results conference call on the call with me today are Rohit Kapoor, Chairman and Chief Executive Officer and Murcia Nicolelli, Chief Financial Officer. We hope you had an opportunity to review the third quarter earnings press release we issued yesterday afternoon.
We've also posted a slide deck and investor fact sheet in the investor relations section of our website.
As a reminder, some of the matters we'll discuss
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