10:52 AM EDT, 05/02/2024 (MT Newswires) -- ExlService Holdings ( EXLS ) shares were up more than 4% in recent Thursday trading after the company reported better-than-expected Q1 results and updated its full-year outlook.

The company reported Q1 adjusted earnings of $0.38 per diluted share, up from $0.35 per share a year earlier. Analysts polled by Capital IQ expected $0.36.

Net revenue for the quarter ended March 31 rose to $436.5 million from $400.6 million a year earlier. Analysts surveyed by Capital IQ expected $425.6 million.

For 2024, the company said it now expects adjusted EPS of $1.58 to $1.62 on revenue of $1.79 billion to $1.82 billion. The company previously projected adjusted EPS of $1.56 to $1.62 on revenue of $1.78 billion to $1.82 billion.

Analysts polled by Capital IQ expected EPS of $1.61 on revenue of $1.80 billion.

Price: 30.40, Change: +1.33, Percent Change: +4.58