Exlservice Holdings, Inc. (NASDAQ:EXLS) Q2 2019 Earnings Conference Call Transcript
Jul 30, 2019 • 08:00 am ET
Good day, ladies and gentlemen, and welcome to the Second Quarter 2019 EXLService Incorporated Earnings Conference Call.
[Operator Instructions] Later, we will conduct a question-and-answer session and instructions will be given at that time. As a reminder, this conference may be recorded.
I would now like to introduce your host for today's conference, Steve Barlow, Vice President, Investor Relations. Sir, please begin.
Thank you Noma. Hello and thanks, everyone, for joining our call today, the second quarter, 2019 financial results. I'm Steve Barrow, EXL Vice President, Investor Relations. With me today in New York are Rohit Kapoor, our Vice Chairman and Chief Executive Officer and Vishal Chhibbar, our Chief Financial Officer.
We hope you've had an opportunity to review our second quarter earnings release we issued this morning. We've also updated our investor fact sheet 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 the 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 fact sheet.
I'll now turn the call over to Rohit Kapoor, EXL Chief Executive Officer. Rohit?
Thank you, Steve. Good morning, everyone, and welcome to our second quarter 2019 earnings call. Our business performed very well in the second quarter on both our top line and bottom line. In the second quarter, we reported revenues of $243.5 million, which represents 15.9% increase year-on-year, slightly outpacing the 15.8% growth in Q1.
Adjusted EPS for the quarter was $0.74. Excluding Health Integrated, we achieved an adjusted EPS of $0.80. In the first half of this year, excluding Health Integrated, we achieved organic constant currency revenue growth of 9% and adjusted EPS of a $1.59, which grew at 12%. This has been a great year so far and we are positioned well for a strong second half of the year.
In the second quarter, our Operations Management Business reported revenues of $155.6 million, up 3.4% year-on-year and 4.4% on an organic constant currency basis. Excluding Health Integrated, Operations Management grew by 4.9% on an organic constant currency basis. We had strong performance in insurance and finance and accounting, both of which grew by double-digits.
Analytics had another outstanding quarter. Revenues increased 47.4% year-on-year to $87.7 million.
Organically, analytics grew 16.4% year-on-year on a constant currency basis. We have previously talked about the fact