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

Fri Nov 6, 2009 12:29pm GMT
 
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* 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.  Continued...

 

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