Exlservice Q2 revenue beats estimates

ExlService Holdings

28/07/2026 21:12

Overview
US data and AI firm's Q2 revenue rose 16% yr/yr, beating analyst expectations
Q2 adjusted diluted EPS up 22% yr/yr, beating analyst expectations
Company raised 2026 revenue and adjusted EPS guidance, factoring in iMerit acquisition

Outlook
ExlService raises 2026 revenue guidance to $2.390 bln-$2.415 bln, including iMerit acquisition
Company expects 2026 adjusted diluted EPS of $2.25-$2.29, up from prior guidance
ExlService says healthy pipeline and acquisition support confidence in full-year outlook

Result Drivers
DATA AND AI STRATEGY - Co said sustained double-digit growth reflects continued execution of its data and AI strategy and differentiated position in helping clients adopt AI across the enterprise
NEW CLIENT WINS - Co said it won 17 new clients in the quarter
AI PARTNERSHIPS AND ACQUISITION - Co highlighted expanded partnerships with Databricks, OpenAI, Anthropic, and Snowflake, and the pending iMerit acquisition to advance AI capabilities

Company press release: ID:nGNX5m6dXd

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$594.8 mln
$573.9 mln (8 Analysts)
Q2 Adjusted EPS
Beat
$0.59
$0.55 (7 Analysts)
Q2 EPS
 
$0.42
 
Q2 Adjusted Operating Margin
 
19.7%
 
Q2 Operating Margin
 
14.7%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Exlservice Holdings Inc is $40.00, about 40.1% above its July 27 closing price of $28.56
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)