ExlService Holdings, Inc.

EXL has been recognized as a Leader across multiple quadrants in the ISG Provider Lens® Insurance Services 2026 reports for the fourth consecutive year. The company received accolades in both Life and Retirement (L&R) and Property and Casualty (P&C) services. ISG highlighted EXL's deep insurance expertise combined with data, analytics, and AI capabilities, including proprietary assets like EXL Insurance LLM™ and LifePRO™ platform, for modernizing operations and improving customer experiences.

ExlService Holdings, Inc. (EXL) announced the completion of its acquisition of iMerit, a leader in AI model training, evaluation, and reinforcement learning. This strategic move aims to establish an end-to-end AI platform, combining EXL's data and AI expertise with iMerit's technology and generative AI experience to accelerate the transition from pilot to production-scale AI. As part of the transaction, iMerit founder and CEO Radha Ramaswami Basu joins EXL as Executive Vice President, Head of iMerit, and becomes a member of EXL's executive committee.

ExlService Holdings reported a 15.6% increase in Q2 2026 net revenue to $594.8 million, with diluted EPS rising 5% to $0.42. Net income for the quarter slightly decreased by 2.3% to $64.5 million. The company also executed an accelerated share repurchase transaction during the period, reducing outstanding shares. Data and AI-led solutions saw significant growth, while digital operations revenue remained stable.

ExlService Holdings, Inc. reported strong second quarter 2026 financial results, with revenue increasing 15.6% year-over-year to $594.8 million and adjusted diluted EPS growing 22.3% to $0.59. Building on this momentum, the company raised its full-year 2026 revenue guidance to $2.390 billion to $2.415 billion and adjusted diluted EPS guidance to $2.25 to $2.29. Additionally, EXL announced the acquisition of iMerit, which is expected to contribute $28.0 million to $32.0 million in revenue for the remainder of 2026.

EXL, a global data and AI company, announced the appointment of Bina Mehta, former Chair of KPMG UK, as an independent director to its Board, effective July 16, 2026. Mehta brings over three decades of experience in M&A, advisory, and restructuring across four countries, and will serve on the audit and compensation committees. Additionally, Sarah K. Williamson will succeed Vikram Pandit as lead independent director by the end of 2026, with Pandit remaining on the board as an independent director. These changes aim to strengthen EXL's governance and strategic capabilities as it scales its data and AI offerings.

ExlService Holdings, Inc. (EXL) announced it will release its financial results for the second quarter ended June 30, 2026, on Tuesday, July 28, 2026, after market close. The company will host a conference call the following day, Wednesday, July 29, 2026, at 10:00 a.m. EDT. Chairman and CEO Rohit Kapoor and EVP and CFO Maurizio Nicolelli will participate to discuss the operational and financial results.

EXL's third annual UK Enterprise AI Study reveals a significant disconnect in AI adoption, with 75% of UK businesses believing they are ahead of competitors, but only 12% qualifying as 'AI Leaders' with substantial integration and ROI. The study, based on a survey of 212 C-suite executives, highlights data as the biggest challenge for 77% of respondents. While UK companies prioritize scaling AI, only 3% will receive incremental budgets, contrasting sharply with 60% in the U.S. Utility companies demonstrated the biggest returns on AI investments, averaging a 27% improvement in financial measures.

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.