UPDATE 1-EXL Services Q3 profit tops Street, ups '09 rev view

* Q3 EPS of 14 cents beat estimates by 8 cents

* Q3 revenue up 3.4 pct

* Ups '09 sales forecast

Nov 6 (Reuters) - Outsourcing firm ExlService Holdings Inc (EXLS.O) posted a quarterly profit that handily beat Wall Street expectations as losses from foreign currency translations fell, and it also raised its 2009 view.

"We experienced strong revenue growth this quarter and continued momentum in the market place," Chief Executive Rohit Kapoor said in a statement.

The company now expects full-year revenue of $178 million to $180 million, up from prior expectations of $170 million to $175 million. Analysts were looking for revenue of $174.1 million, according to Thomson Reuters I/B/E/S.

For the third quarter, the company posted net income of $4 million, or 14 cents per share, from a loss of $1.1 million, or 4 cent per share, a year earlier.

Revenue rose 3.4 percent to $48.2 million.

Analysts expected earnings of 6 cents a share, excluding exceptional items, on revenue of $44.5 million, according to Thomson Reuters I/B/E/S.

The New York-based company helps companies outsource insurance claims processing, customer support, and other business processes.

For the third quarter, the company's profit was hurt by $1.2 million of foreign exchange losses, compared with $6.6 million a year earlier.

Gross margins rose to 40.2 percent from 39.8 percent, a year ago.

Shares of the company, which have gained more than 48 percent of their value in last six months, closed at $13.86 Thursday on Nasdaq. (Reporting by Shrutika Verma in Bangalore; Editing by Anil D'Silva)