ExlService Holdings, Inc. (NASDAQ:EXLS) Q2 2023 Earnings Call Transcript July 27, 2023 10:00 AM ET

Company Participants

John Kristoff - VP, IR

Rohit Kapoor - Vice Chairman & CEO

Maurizio Nicolelli - EVP & CFO

Conference Call Participants

Puneet Jain - JPMorgan

Bryan Bergin - TD Cowen

Maggie Nolan - William Blair

Ashwin Shirvaikar - Citigroup

Mayank Tandon - Needham & Company

Moshe Katri - Wedbush

Vincent Colicchio - Barrington Research

David Grossman - Stifel

Operator

Good day, and thank you for standing by. Welcome to the Second Quarter of the 2023 ExlService Holdings, Inc. Earnings Conference Call. [Operator Instructions]. Please be advised today's conference is being recorded.

I would now like to hand the conference over to your speaker today, John Kristoff, Vice President of Investor Relations. Please go ahead, John.

John Kristoff

Thanks, James. Hello, and thank you for joining EXL's second quarter 2023 financial results conference call. On the call with me today are Rohit Kapoor, Vice Chairman and Chief Officer; and Maurizio Nicolelli, Chief Financial Officer. We hope you've had an opportunity to review the second quarter earnings release we issued this morning. We've also posted an earnings slide deck and investor fact sheet in the Investor Relations section of our website.

As a reminder, some of the matters we'll discuss this morning are forward-looking. Please keep in mind that these forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, general economic conditions, those factors set forth in today's press release, discussed in the company's periodic reports, and other documents filed with the SEC from time to time. EXL assumes no obligation to update the information presented on this conference call today.

During our call, we may reference certain non-GAAP financial measures, which we believe provide useful information for investors. Reconciliation of these measures to GAAP can be found in our press release, slide deck, and investor fact sheet.

And with that, I'll turn the call over to Rohit.

Rohit Kapoor

Thanks, John. Good morning, everyone. Welcome to EXL's second quarter 2023 earnings call. I'm pleased to be with you this morning reporting another strong quarter. We continued our growth momentum in the second quarter with total revenue of $405 million, representing growth of 17% on both a reported and constant currency basis. We grew adjusted diluted EPS 21% to $1.82 per share. Our balanced portfolio across data analytics and digital operations and solutions makes our business resilient by focusing on both growth enablement and cost management for our clients. This has enabled us to generate continued strong double-digit growth despite a slow growth economic environment.