EXL Services (NASDAQ:EXLS) is an Indian BPO which provides services from low cost locations such as India mainly to Us and UK clients. The company is listed only on the US stock exchange even though its operations are primarily based in India. The company is similar in this respect to Cognizant Technology (NASDAQ:CTSH). The company has shown strong growth in revenues while maintaining stable margins. The company's valuation also does not seem to be stretched with a forward P/E of ~14x and is currently trading in the middle of its 52-week range. The company is strong in providing business process solutions to clients in verticals such as insurance, accounting as well as healthcare. The company is...
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