ExlService Holdings, Inc. (EXLS) Maintains A Neutral Rating
March 10, 2010 4:16 PM
Analysts Joseph D. Foresi and Jeffrey Rossetti at Janney Capital Markets have released an update on ExlService Holdings, Inc. (NASDAQ: EXLS). The company reported results for the fourth-quarter on Tuesday.
The company reported revenue of $59.4 million for the fourth-quarter, beating analysts’ estimate by $11.3 million and the consensus by $11.2 million. The company reported gross margins of 48.8%, up from the 40.5% in the previous quarter. The company had an attrition rate of 27.3% for the quarter, while the headcount grew by 2.3% to 10,736.
ExlServices Holding also issued guidance for 2010. The company expects revenue of $225-$230 million in 2010.
Analysts at Janney Capital Markets continue to rate ExlService Holdings, Inc. as a Neutral, with fair value estimate of $18 for the company’s stock.
