ExlService Reports Strong Q2 Results, Raises Full-Year Guidance
ExlService (NASDAQ:EXLS) surged by 17.88% on Wednesday after reporting robust second-quarter results and raising its full-year revenue guidance for 2026. The company reported $594.76 million in Q2 revenue, a 15.6% increase from the same period last year, driven by strong performance across all business segments including insurance, healthcare, life sciences, banking, capital markets, and international growth markets. Despite a slight decline in net income to $64.5 million (down 2.3% YoY), ExlService added 17 new clients during the quarter, reflecting growing demand for its services. The company also raised its full-year revenue guidance to between $2.39 billion and $2.415 billion, implying a year-on-year growth of 14-16%. Adjusted diluted earnings per share are expected to rise by 16-18%. Investment firm Needham & Company upgraded its price target for EXLS from $40 to $45 and reaffirmed a 'buy' recommendation. Additionally, hedge fund interest in ExlService increased during the first quarter of 2026, with institutional holdings rising by 32.6% to $874 million.
Tickers: $EXLS