ExlService Holdings, Inc. (NASDAQ:EXLS) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET

Company Participants

Rohit Kapoor – Vice Chairman and Chief Executive Officer

Maurizio Nicolelli – Executive Vice President and Chief Financial Officer

Steve Barlow – Vice President, Investor Relations

Conference Call Participants

Bryan Bergin – Cowen

Maggie Nolan – William Blair

Ashwin Shirvaikar – Citibank

Puneet Jain – JPMorgan

Kyle Peterson – Needham and Company

Moshe Katri – Wedbush Securities

Vince Colicchio – Barrington Research

David Grossman – Stifel

Robert Bamberger – Baird Capital

Operator

Good day, and thank you for standing by. Welcome to the First Quarter 2022, ExlService Holdings, Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]. I would now like to hand the conference over to your speaker for today, Mr. Steven Barlow, Vice President of Investor Relations. Please go ahead, sir.

Steve Barlow

Thank you, [Indiscernible]. Good morning, everyone. Thanks for joining us today for EXL’s First Quarter FY22 Financial Results Conference Call. I am Steve Barlow, Vice President of Investor Relations. On the call today are Rohit Kapoor, our Vice Chairman and Chief Executive Officer, and Maurizio Nicolelli, our Chief Financial Officer. We hope you had an opportunity to review our Q1 2022 Earnings Release we issued this morning. We have also updated our Investor Factsheet in the Investor Relations section of EXL’s website.

As you know, some of the matters we'll discuss in this call 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 Securities and Exchange Commission from time to time. EXL assumes no obligation to update the information presented on this call.

During our call today, 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, as well as on the Investor Factsheet. I'll now turn the call over to Rohit Kapoor, our Chief Executive Officer. Rohit.

Rohit Kapoor

Thank you, Steve. Good morning, everyone. Welcome to our Q1 2022 earnings call. I hope all of you and your families are safe and healthy. I'm delighted to report that EXL had a strong start to the year. In terms of revenue and adjusted EPS, we outperformed our expectations for the quarter. Our first quarter revenue was $329.2 million, up 11.4% from the previous quarter, and up 25.9% year-over-year. For the quarter, adjusted EPS was a $1.42 per share, up 20.3% year-over-year. Our Analytics segment had another excellent quarter with revenue of $149 million, up 17.8% sequentially, and 45.7% year-over-year.