Business Daily from THE HINDU group of publications
Thursday, May 08, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, May 08, 2008 ePaper | Mobile/PDA Version | Audio |
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Info-Tech
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Financial Performance Corporate Results - Outsourcing ExlService Q1 net income rises 26% New Delhi, May 7 Nasdaq-listed business process outsourcing company ExlService Holdings has reported about 26 per cent rise in its net income for the first quarter ended March 31, 2008 to $6.8 million compared with $5.4 million in the year-ago period. Its revenue for the quarter stood at $50.9 million, up from $39.9 million in the quarter ended March 31, 2007, an increase of 27.8 per cent. The first quarter revenue grew by 1.1 per cent over the quarter ended December 31, 2007 due to str ong sequential growth (9.5 per cent) in transformation services revenue, offset by the adverse impact of depreciation of the British pound on outsourcing revenue, a company release said here. Outsourcing revenues for the first quarter of 2008 of $41.7 million reflects growth of 27.3 per cent compared with the first quarter of 2007. Research and analytics revenues of $5 million grew 17.3 per cent compared with the first quarter of 2007. Advisory services revenues of $4.3 million reflects growth of 48.9 per cent. — Our Bureau More Stories on : Financial Performance | Outsourcing
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