ExlService Holdings Files Q2 2024 10-Q

TL;DR

**EXLS Q2 10-Q FILED. FINANCIALS OUT.**

AI Summary

ExlService Holdings, Inc. filed its 10-Q for the period ending June 30, 2024. The filing covers the second quarter and the first half of the fiscal year. Key financial data and operational segments are detailed within the report, which was filed on August 1, 2024.

Why It Matters

This filing provides investors with crucial financial performance data for ExlService Holdings for the second quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing financial information, not indicating immediate or significant new risks.

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 20240801 — Filing Date (The date ExlService Holdings submitted this 10-Q to the SEC.)

Key Players & Entities

• ExlService Holdings, Inc. (company) — Filer of the 10-Q report
• 20240630 (date) — End of the reporting period
• 20240801 (date) — Date the filing was made

FAQ

Key Financial Figures

• $0.001 — ch Registered: Common Stock, par value $0.001 per share EXLS Nasdaq Securities regi

Filing Documents

• exls-20240630.htm (10-Q) — 2160KB
• exls-ex311x06302024x10q.htm (EX-31.1) — 10KB
• exls-ex312x06302024x10q.htm (EX-31.2) — 10KB
• exls-ex321x06302024x10q.htm (EX-32.1) — 5KB
• exls-ex322x06302024x10q.htm (EX-32.2) — 5KB
• 0001297989-24-000007.txt ( ) — 12451KB
• exls-20240630.xsd (EX-101.SCH) — 83KB
• exls-20240630_cal.xml (EX-101.CAL) — 129KB
• exls-20240630_def.xml (EX-101.DEF) — 323KB
• exls-20240630_lab.xml (EX-101.LAB) — 872KB
• exls-20240630_pre.xml (EX-101.PRE) — 690KB
• exls-20240630_htm.xml (XML) — 2327KB

Financial Information

Part I. Financial Information 3 1. FINANCIAL STATEMENTS (UNAUDITED) Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 3 Consolidated Statements of Income for the Three and Six Months Ended June 30, 2024 and 2023 4 Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2024 and 2023 5 Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended June 30, 2024 and 2023 6 Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023 8

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 9 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 37 3. Quantitative and Qualitative Disclosures About Market Risk 53 4. Controls and Procedures 53

Other Information

Part II. Other Information 53 1. Legal Proceedings 53 1A. Risk Factors 53 2. Unregistered Sales of Equity Securities and Use of Proceeds 53 3. Defaults Upon Senior Securities 54 4. Mine Safety Disclosures 54 5. Other Information 54 6. Exhibits 55

Signatures

Signatures 56 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS EXLSERVICE HOLDINGS, INC. CONSOLIDATED BALANCE SHEETS (UNAUDITED) (In thousands, except per share amount and share count) As of Notes June 30, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents 7 $ 115,303 $ 136,953 Short-term investments 8 160,833 153,881 Restricted cash 7 6,351 4,062 Accounts receivable, net 4 327,613 308,108 Other current assets 11 93,612 76,669 Total current assets 703,712 679,673 Property and equipment, net 9 103,478 100,373 Operating lease right-of-use assets 21 72,822 64,856 Deferred tax assets, net 22 100,993 82,927 Goodwill 10 405,581 405,639 Other intangible assets, net 10 44,003 50,164 Long-term investments 8 19,239 8,816 Other assets 12 53,939 49,524 Total assets $ 1,503,767 $ 1,441,972 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 2,996 $ 5,055 Current portion of long-term borrowings 18 75,000 65,000 Deferred revenue 15,406 12,318 Accrued employee costs 80,443 117,137 Accrued expenses and other current liabilities 13 97,613 114,113 Current portion of operating lease liabilities 21 15,404 12,780 Total current liabilities 286,862 326,403 Long-term borrowings, less current portion 18 260,000 135,000 Operating lease liabilities, less current portion 21 64,412 58,175 Deferred tax liabilities, net 22 2,271 1,495 Other non-current liabilities 14 37,616 31,462 Total liabilities 651,161 552,535 Commitments and contingencies 25 ExlService Holdings, Inc. Stockholders' equity: Preferred stock, $ 0.001 par value; 15,000,000 shares authorized, none issued — — Common stock, $ 0.001 par value; 400,000,000 shares authorized, 204,783,113 shares issued and 162,176,382 shares outstanding as of June 30, 2024 and 203,410,038 shares issued and 165,277,880 shares outstanding as of December 31, 2023 19 204 203 Additional paid-in capital 520,922 508,028 Retained earnings 1,178,251 1,083,663 Accumulated other comprehensive loss 15 ( 136

View Full Filing

View this 10-Q filing on SEC EDGAR