EXL Posts $594.8 Million Q2 Revenue, Tops Data Services Peers

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3▲1 ▼1Impact / 5
Summary · why it matters

EXL reported second quarter revenues of $594.8 million, up 15.6% year on year and 3.5% above analysts' expectations, the strongest showing among the 10 data and business process services stocks tracked in the quarter. Chairman and Chief Executive Officer Rohit Kapoor said the company delivered second quarter revenue growth of 16% year on year and adjusted diluted EPS growth of 22% year on year, crediting continued execution of its data and AI strategy. EXL posted the highest full-year guidance raise in the group, and its stock is up 15.5% since reporting, trading at $35.28. Across the 10 stocks tracked, group revenues beat consensus estimates by 1.9% while next quarter's revenue guidance came in 3.1% below, and share prices have fallen 3.4% on average since the latest results. CoStar delivered the weakest full-year guidance update among its peers, with revenues of $925 million, up 18.4% year on year and in line with expectations, while Planet Labs posted the biggest analyst estimate beat and fastest revenue growth at $116.1 million, up 58.1% year on year, but the weakest guidance update of the group.

Impact on assets 5

Cloud & Digital Infrastructure▲ · 2 stocks
Artificial Intelligence▲ · 1 stocks
ExlService Holdings Inc
EXLS
▲ PositiveCapitalrelevance

EXL beat Q2 revenue estimates, posted 15.6% growth, and raised full-year guidance the most in its peer group.

Real Estate▼ · 1 stocks
CoStar Group Inc
CSGP
▼ NegativeCapitalrelevance

CoStar delivered the weakest full-year guidance update among its peers despite in-line revenue.

Space Economy▲ · 1 stocks
Planet Labs PBC
PL
± MixedCapitalrelevance

Planet Labs posted the biggest estimate beat and fastest revenue growth but the weakest guidance update of the group.