ExlService Raises Full-Year Outlook Following 20% Revenue Growth in Q3 2026
ExlService (EXLS) reported strong third-quarter results for 2026, highlighted by a 20% year-over-year revenue increase to $634 million. The company's strategic pivot toward artificial intelligence is yielding significant results, with data and AI-led revenue growing 31% organically to represent nearly two-thirds of total revenue. This shift reflects clients moving from AI experimentation to full operational deployment within back-office workflows. To support long-term growth and M&A activity, the company expanded its debt facilities to $1 billion. Management also highlighted the integration of iMerit, which provides full-stack AI capabilities including data labeling and model training. Following these results, ExlService has raised its full-year financial guidance, citing accelerating organic growth across all operating units.
Tickers: $EXLS
Topics: artificial intelligence debt facility expansion earnings report mergers and acquisitions revenue growth