ExlService(NASDAQ) EXLS

ExlService Holdings, Inc. helps large companies use data and artificial intelligence to improve how they work. It manages complex tasks like insurance claims, healthcare payments, and banking risks for its clients. The company makes business operations faster and more accurate using digital tools.

Modernizing Business With AI

• Insurance: Claims management, underwriting support, and specialized artificial intelligence platforms for various insurers; accounted for 33.2% of revenue in the three months ended June 30, 2026.
• Healthcare and Life Sciences: Care management and payment auditing services for health plans, providers, and life sciences firms; generated 26.6% of revenue in the three months ended June 30, 2026.
• Banking and Diversified: Risk management, digital lending solutions, and customer analytics for financial and retail firms; represented 22.5% of revenue in the three months ended June 30, 2026.
• International Growth Markets: Services provided outside North America to help global clients adapt to changing market demands; contributed 17.7% of revenue in the three months ended June 30, 2026.
• Data and AI-led: Advanced predictive analytics and large language models that help enterprises find growth and efficiency; embedded across all business segments.

Growing Through New Capabilities

• Entered into an agreement on June 22, 2026, to acquire iMerit Inc. for $170 million in upfront cash.
• Expanded data management and analytics capabilities through the acquisition of ITI Data in Aug. 2024.
• Increased investments in digital and generative artificial intelligence capabilities by $1.8 million during the second quarter of 2026.
• Developed a specialized generative artificial intelligence platform for claims and underwriting leveraging proprietary insurance industry data.

What Sets the Network Apart

EXL maintains a global delivery network across 11 countries to support its clients around the clock. The company uses specialized artificial intelligence tools to automate complex tasks like insurance underwriting and medical record reviews.

The Latest Financial Performance

• Revenue was $594.8 million in the three months ended June 30, 2026, up 15.6% year over year.
• Net income was $64.6 million in the three months ended June 30, 2026, down 2.3% year over year.
• Gross margin for the three-month period ended June 30, 2026, was 38.0%, up 30 basis points from the prior year.
• Cash provided by operating activities was $89.6 million for the six months ended June 30, 2026, down 20.4% year over year.
• The company held $283.8 million in cash, equivalents, and short-term investments as of June 30, 2026.

Bottom Line

EXL has transitioned from a traditional outsourcing firm to a provider of advanced data and artificial intelligence solutions. It continues to diversify its client base while deepening its technology integration across multiple global industries.