ExlService Holdings, Inc.

ExlService Holdings, Inc. announced a definitive agreement to acquire iMerit, a leader in AI model training, evaluation, and reinforcement learning, for up to $310 million. The acquisition includes an upfront consideration of $170 million and an additional $140 million in incentives and earnouts over two years. This strategic move is expected to strengthen EXL's AI capabilities, deepen its end-to-end AI offerings, and expand its reach into high-growth AI tech sectors, with the transaction anticipated to close in the third quarter of 2026.

EXL's 2026 U.S. Enterprise AI Study reveals a significant gap between perceived AI progress and real-world performance. While 76% of companies believe they are ahead of competitors, only 10% qualify as AI Leaders. These leaders achieve substantial returns, including 27% revenue growth, 26% cost reduction, and 22% margin improvement, by reimagining core workflows and transforming their operating models rather than just investing in technology. The study highlights that data-readiness remains a major challenge for many organizations.

EXL, a global data and AI company, announced it has achieved Gold Tier Status in the Databricks Partner Program, significantly expanding their collaboration. This partnership aims to help organizations strengthen their data foundations for enterprise AI through EXLdata.ai and Databricks' security, governance, and lineage capabilities. The initiative focuses on enabling clients to scale AI responsibly by ensuring trusted data, transparent governance, and enterprise-grade security. Additionally, EXL is assisting enterprises in adopting Databricks Bring Your Own Lineage capabilities to connect and govern data across platforms, particularly benefiting highly regulated industries.

EXL announced the integration of NVIDIA’s Build Your Own Transaction Foundation Model developer example into its AI and analytics offerings, specifically EXLerate.ai™. This integration empowers financial institutions to quickly develop and deploy transaction intelligence applications using their proprietary data. The collaboration aims to help clients operationalize unified, transformer-based transaction models for fraud detection, risk management, personalization, and recommendations, moving beyond fragmented AI systems.

EXL has been named a Leader in the Everest Group Healthcare Payer Intelligent Operations PEAK Matrix Assessment 2026. The report, which expanded its scope to include AI-enabled capabilities, evaluated 33 leading providers on their ability to embed intelligent technologies across core payer functions. EXL was specifically recognized for its analytics, predictive modeling, and solution flexibility, particularly within its CareRadius platform. This recognition is reinforced by strong double-digit growth in EXL's health and life sciences business, driven by its data and AI-led strategy.

EXL, a global data and AI company, announced the appointment of Bhupender Singh as president and head of international growth markets. In this role, Singh will be responsible for accelerating growth in the EMEA and APAC regions, developing go-to-market strategies, and establishing EXL as a premier data and AI partner. Singh brings over 25 years of senior leadership experience, including serving as president and Co-CEO of Teleperformance SE and CEO of Intelenet Global Services.

EXL, a global data and AI company, announced it has been honored with the 2026 CSO Award for Application Security for EXL SARA . SARA is an AI-powered Security Architecture Review Automation tool that enhances security architecture and risk reviews across cloud and enterprise environments. This recognition highlights EXL's commitment to innovation and secure AI adoption, strengthening governance and cybersecurity excellence.

ExlService Holdings, Inc. reported a 13.8% increase in Q1 2026 revenue to $570.4 million, with diluted earnings per share rising 7.5% to $0.43. Net income saw a modest 0.8% increase to $67.1 million. The company also initiated a $125 million accelerated share repurchase transaction during the quarter. However, net cash provided by operating activities significantly decreased by 47% compared to the prior year.

ExlService Holdings, Inc. reported strong first-quarter 2026 financial results, with revenue increasing 13.8% year-over-year to $570.4 million and adjusted diluted EPS growing 20.2% to $0.58. The company also raised its full-year 2026 guidance, now expecting revenue between $2.30 billion and $2.33 billion and adjusted diluted EPS of $2.18 to $2.23, reflecting continued business momentum and confidence in its data and AI strategy.

ExlService Holdings, Inc. filed its Definitive Proxy Statement for the 2026 Annual Meeting of Stockholders, scheduled for June 16, 2026. The company reported strong fiscal year 2025 results, with total revenues of $2.09 billion, up 13.6% YoY, and Adjusted EPS of $1.95, an 18% increase. The meeting agenda includes the election of seven directors, ratification of Deloitte & Touche LLP as auditor, and an advisory vote on executive compensation. EXLS also highlighted its focus on data and AI, with AI-led revenue growing 21% YoY in Q4 2025.