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ExlService reported a strong quarter with revenue reaching about $634 million, which was higher than the $620 million analysts expected. Adjusted earnings per share came in at $0.62, beating the $0.56 target. The company is seeing its fastest growth in its data and AI arm, which now makes up nearly two-thirds of its total business.
This growth is important because it shows the company is successfully moving from basic outsourcing to high-value AI work. By embedding its own software into how insurance and healthcare firms operate, it makes its services harder to replace. Even though the stock fell about 2 percent today, the underlying business is growing faster and earning more profit on each dollar of sales than it did a year ago.
See the full quarter, and how our tracked metrics did
Source: 8-K filing
Research firm ISG named the company a leader in two healthcare AI categories for 2026. The report highlighted the company's success in moving beyond small AI experiments to full-scale systems that help hospitals and health firms run more efficiently.
This matters because healthcare is a core market for the company. Being recognized for scale, rather than just testing, supports our view that its AI software is becoming deeply embedded in how its customers operate.
Source: GlobeNewsWire
The company entered a new agreement for a $400 million term loan and a $600 million revolving credit facility, which is a flexible line of credit it can use as needed. The deal, led by PNC Bank and other major lenders, matures in August 2031 and replaces its previous debt setup.
This is a routine move to manage its finances, but the $1 billion total gives the company plenty of room to fund its operations or buy other businesses. It also includes an option to increase the borrowing limit further if the company stays within certain debt-to-profit limits.
Source: 8-K filing
The company has finalized its acquisition of iMerit, a firm that specializes in preparing the high-quality data needed to train AI models. As part of the deal, iMerit founder Radha Ramaswami Basu will join the company's executive committee.
This is a key step in the company's shift toward agentic AI, which are tools that can handle complex tasks on their own. By owning the expertise to train these models, the company can build more specialized tools for its insurance and healthcare clients, making its services harder for them to replace.
Source: GlobeNewsWire
Management has beaten analyst profit targets for eight straight quarters, suggesting they consistently set a conservative bar that the business easily outpaces.
| Expectation | |
|---|---|
| EPS | $0.56 |
| Revenue | $616M |