March 9, 2010 / 11:19 PM / 10 years ago

UPDATE 1-ExlService's Q4 profit soars, sees strong 2010 revenue

* Q4 EPS $0.25 vs $0.12 yr ago

* Q4 rev rises 36 pct

* Sees 2010 rev $225 mln-$230 mln

March 9 (Reuters) - ExlService Holdings Inc’s (EXLS.O) fourth-quarter profit soared as losses from foreign currency translations fell, and the outsourcing firm forecast 2010 revenue above Wall Street expectations.

For 2010, ExlService, which helps companies outsource insurance claims processing, customer support, and other business processes, forecast revenue of $225 million to $230 million.

Analysts were looking for $219.4 million, according to Thomson Reuters I/B/E/S.

For the fourth quarter, the company earned $7.5 million, or 25 cents a share, compared with $3.4 million, or 12 cents a share, a year ago.

Revenue rose 36 percent to $59.4 million.

Analysts were expecting earnings of 12 cents a share, before items, on revenue of $48.2 million.

Losses from foreign currency translations fell 73 percent to $915,000.

Shares of the New York-based company closed at $17.48 Tuesday on Nasdaq. (Reporting by Manasi Phadke in Bangalore; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below