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Exl Service Holdings Inc. (NASDAQ: EXLS) a business process solutions company has reported fourth-quarter earnings of $7.5 million. Profit-per-share is reported to be 22 cents, and on adjusting one-time gains and costs, the number rises to 48 cents per share. The results exceeded Wall Street expectations as the average estimated by Zacks Investment Research was for earnings of 44 cents per share. The provider of outsourcing services posted revenue of $135.3 million in the period, also topping Street forecasts. Analysts expected $134.4 million, according to Zacks.
The annual profit reported is $32.4 million, which means a profit of 96 cents per share. The revenue is reported to be $499.3 million. ExlService Holdings expects full-year earnings in the range of $1.85 to $1.95 per share, with revenue in the range of $570 million to $590 million. Their shares have increased 12 percent since the beginning of the year. The stock has risen 17 percent in the last 12 months.
ExlService is on quite a bull run and industry analysts expect the company to scale greater laurels in the near future.
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