ExlService falls after worse-than-expected Q1 sales

Shares of business solutions provider ExlService Holdings, Inc. (Nasdaq:EXLS) are sinking 16% after the firm’s first-quarter sales of $50.9 million missed Wall Street’s expectation of $51.5 million. A year earlier, ExlService’s sales totaled $39.9 million.

For the three months ended March 31, the firm’s net income rose to $6.8 million, or $0.23 per share, compared with $5.4 million, or $0.19 per share, a year ago. The results met analysts’ expectation.

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