EXL, a global data and AI company, reported strong first-quarter results for fiscal 2025, with revenue climbing to $501.0 million, a 14.8% increase from Q1 2024, and a 4.1% increase from $481.4 million in the last quarter. It added 10 new clients during the quarter.
Operating income margin improved to 15.7%, up from 14.1% a year ago. Adjusted operating income margin also rose to 20.1%, compared to 18.9% in Q1 2024. The adjusted operating income roughly stood at $100 million.
The company also launched EXLerate.ai, an agentic AI platform featuring over 15 industry-specific agents already deployed across verticals.
Chairman and CEO Rohit Kapoor, in a LinkedIn post, said that the results reflect the “successful execution of our differentiated data and AI-led strategy and demonstrate the enduring resilience and adaptability of EXL’s business model.”
He added that over 53% of the company’s total revenue in Q1 came from data and AI-led services, a segment that grew 16% year-over-year.
“We are confident in our growing capabilities to provide unmatched data and AI services and solutions to reinvent client business models, drive better outcomes, and unlock growth with speed,” Kapoor noted.
The CEO also highlighted EXL’s continued investment in talent development. Nearly 1,000 employees completed certifications from leading partners such as Microsoft, AWS, Google, NVIDIA, Databricks, and Snowflake, with an additional 1,000 employees currently undergoing further upskilling efforts.
EXL raised its full-year 2025 revenue guidance to a range of $2.035 billion to $2.065 billion, up from its earlier projection of $2.025 billion to $2.060 billion. This represents a11% to 12% year-over-year growth on a reported basis, or 11% to 13% in constant currency.
CFO Maurizio Nicolelli in the press release emphasised the company’s cautious optimism in light of macroeconomic uncertainties. However, he announced an increase in the company’s full-year revenue guidance, citing current momentum and favorable currency conditions.
“We remain prudent in our outlook given macroeconomic uncertainty, but our business momentum and favourable currency trends allow us to raise our revenue guidance,” Nicolelli said.
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