ExlService Holdings IncExlService reported 16% revenue growth, raised full-year guidance, and increased EPS guidance.

ExlService Holdings reported second quarter revenues of $595 million, up 16% year over year, and raised its full-year revenue guidance to a range of $2.39 billion to $2.415 billion. Adjusted earnings per share increased by 22%, and data and AI-led services represented 61% of revenue. Insurance and healthcare segments grew 15% and 22% respectively, while digital operations revenue declined approximately 1.5% due to AI-driven business mix shifts. The company also announced the acquisition of iMerit to enhance AI capabilities and increased its adjusted diluted EPS guidance to a range of $2.25 to $2.29.
ExlService Holdings IncExlService reported 16% revenue growth, raised full-year guidance, and increased EPS guidance.
iMerit is being acquired by ExlService to enhance AI capabilities, implying a positive valuation.