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Outsourcing and transformation services provider EXL Service Holdings on Tuesday reported a net profit of $9.1 million for the second quarter ended June 30, up seven per cent as against $8.5 million in corresponding period last year.
Revenue for the quarter also grew by 27 per cent to $108 million against $85 million for the quarter ended June 30, 2011.
“Growth was driven by strong demand for decision analytics services, particularly in the insurance and banking verticals,” Mr Rohit Kapoor, Vice-Chairman and Chief Executive Officer, said.
The company won 17 new client wins in the first half of 2012, which is more than double the number of new client wins during the first half of 2011, he said.
“Assuming a second half of 2012 exchange rate of Rs 55 to the US dollar, we now project revenues of $438-442 million, primarily due to ongoing weakness in the rupee,” Mr Vishal Chhibbar, Chief Financial Officer, said.
As of June 30, the company had 19,500 employees against 17,400 people in the same period last year.
Headquartered in New York, the company has 20 centres globally, including in India, the Philippines, the US, Czech Republic and Romania.
>ronendrasingh.s@thehindu.co.in
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