Oppenheimer Reports on ExlServices Holdings

Oppenheimer has published a report on ExlService Holdings Inc EXLS reiterating the positive evaluation of the company. In the report, Oppenheimer wrote, "EXL reported better than expected June quarter results with a top line of $85M (up 40% YoY, 17% QoQ) ahead of our $80M estimate and consensus of $79.8M. On the EPS front EXL posted $0.35 for the June quarter, increasing its streak of beat quarters to eight, beating our/consensus estimates of $0.25. Management raised its guidance for the year to $354-358M from $347-355M. Reiterate Outperform." Oppenheimer rated ExlService Holdings an OutPerform with a price target of $29.00. ExlService closed Monday at $37.00.