EXL raises guidance as data and AI revenue grows 36%

ExlService raised its full-year revenue and earnings guidance after third-quarter revenue grew 19.7% to $634.0 million, according to its earnings release filed with an 8-K.

The data analytics and digital operations company reported GAAP earnings of $0.45 per diluted share, up 25.3%, and adjusted earnings of $0.62 per share, up 28.5%.

AI-led work grows fastest

Revenue from data and AI-led services rose 36% from a year earlier, the release said.

"We entered 2026 with strong momentum that has accelerated through the year," Vice Chairman and Chief Executive Rohit Kapoor said. "Every segment of our business grew more than 15% organically."

Guidance raised

EXL now expects 2026 revenue of $2.430 billion to $2.440 billion, up from $2.390 billion to $2.415 billion. It raised adjusted earnings guidance to $2.34 to $2.36 per share, from $2.25 to $2.29.

Why it matters

Some investors have worried that AI tools could reduce demand for outsourced business services. EXL's results point the other way so far, with its AI-related work growing far faster than the rest of the business and pulling overall growth higher. A second guidance raise late in the year indicates that momentum is continuing.

Sources

1. ExlService Holdings, Inc. Form 8-K with third-quarter 2026 results, filed Oct. 27, 2026 (accession 0001297989-26-000028)

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