ExlService Q4 net up 10% at Rs 37 cr

Leading outsourcing firm ExlService Holdings today reported a growth of 10.66% in its net income at $8.3 million (about Rs 37 crore) during the fourth quarter ended December 31, 2010.

"2010 was a year of solid execution and business momentum for EXL," ExlService Holdings President and CEO Rohit Kapoor said.

The company had a net income of $7.5 million (about Rs 33 crore) during the quarter ended December 31, 2009.

The company's revenues for the quarter ended December 31, 2010 were $70 million compared to $59.4 million in the quarter ended December 31, 2009.

For the calender year 2011, the company expects revenues of between $295 million and $305 million.

"This growth was broad based and the result of new client wins, scope expansions with existing clients across service lines and geographies and prudent acquisitions," ExlService Holdings President and CEO Rohit Kapoor said.

For the full year, the company has posted a net income of $26.6 million during October-December quarter, compared to $15.7 million for the year ended December 31, 2009.

"I believe our market position is stronger than ever and we have great momentum in the marketplace as we execute our growth plans in 2011," Kapoor added.