XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues, net $ 448,366 $ 404,996 $ 884,873 $ 805,639
Cost of revenues [1] 282,106 253,220 555,530 504,689
Gross profit [1] 166,260 151,776 329,343 300,950
Operating expenses:        
General and administrative expenses 56,457 45,605 109,700 92,351
Selling and marketing expenses 35,444 28,238 71,414 57,731
Depreciation and amortization expense 12,910 13,122 25,256 26,609
Total operating expenses 104,811 86,965 206,370 176,691
Income from operations 61,449 64,811 122,973 124,259
Foreign exchange gain, net 36 324 395 429
Interest expense (5,328) (3,240) (8,619) (6,625)
Other income, net 3,550 2,661 7,502 5,816
Income before income tax expense and earnings from equity affiliates 59,707 64,556 122,251 123,879
Income tax expense 13,873 15,554 27,626 23,612
Income before earnings from equity affiliates 45,834 49,002 94,625 100,267
Gain from equity-method investment (9) 66 (37) 132
Net income attributable to ExlService Holdings, Inc. stockholders $ 45,825 $ 49,068 $ 94,588 $ 100,399
Earnings per share attributable to ExlService Holdings, Inc. stockholders        
Basic (in dollars per share) [2] $ 0.28 $ 0.29 $ 0.58 $ 0.60
Diluted (in dollars per share) [2] $ 0.28 $ 0.29 $ 0.57 $ 0.59
Weighted average number of shares used in computing earnings per share attributable to ExlService Holdings, Inc. stockholders        
Basic (in shares) [2] 162,794,138 166,776,770 163,938,263 166,986,130
Diluted (in shares) [2] 163,961,754 168,442,245 165,344,304 169,047,775
[1] Exclusive of depreciation and amortization expense.
[2] Prior period information has been adjusted to reflect the 5-for-1 forward stock split of the Company’s common stock effected in August 2023. Refer to Note 19 – Capital Structure to the unaudited consolidated financial statements for further details.