EXL net income up 28% at Rs 67 cr in Q4

PTI New Delhi | Updated on March 01, 2013

BPO firm EXL Services today reported 28 per cent increase in consolidated net income at Rs 67 crore for the fourth quarter ended December 31, driven by growth in its outsourcing and transformation services.

The company posted net income of about Rs 52 crore for the same period a year ago.

The revenue of the company increased by around 15 per cent to around Rs 646 crore during the reported quarter from Rs 563 crore it posted for the same period a year ago.

“In the fourth quarter, EXL achieved revenues of $117.7 million (about Rs 646 crore), up 15 per cent year-over- year, driven by 12 per cent growth in outsourcing and 27 per cent growth in transformation services,” EXL Services Chief Financial Officer, Vishal Chhibbar said.

For the entire 2012, the company reported increase in its net income by about 20 per cent at Rs 229.51 crore compared to 2011, for which it had posted net income of Rs 190 crore.

The company reported increase of around 23 per cent in annual revenue last year, at about Rs 2,432 crore, compared to Rs 1,979 crore for 2011.

“Revenues grew 23 per cent year-over-year. We drove this growth through robust expansion with our existing clients, record new client wins, and acquisitions,” EXL Vice Chairman and CEO, Rohit Kapoor said.

He said that the company added 41 new clients.

“Including 17 in analytics, where we have built a leading presence serving retail banks, as well as six in finance and accounting,” Kapoor said.

For 2013, the company has lowered revenue guidance from 23 per cent to 14 per cent due to transition of its clients to a new platform which it acquired in 2011.

“For 2013, based on current visibility and an Indian rupee to US dollar exchange rate of 54, we are providing revenues guidance of $495 million (about Rs 2,718 crore) to $505 million (around Rs 2,773 crore), representing annual growth of 12 per cent to 14 per cent,” Chhibbar said.

EXL increased its headcount to 21,049 as of December 31, 2012, compared to 18,884 as of December 31, 2011.

Published on March 01, 2013

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