---
schema_version: "secwatch.filing_event.v1"
accession: "0001297989-23-000003"
form_type: "8-K"
ticker: "EXLS"
cik: "0001297989"
company_name: "ExlService Holdings, Inc."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:28:03.229766+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EXL reports Q1 revenue of $400.6M (+21.7% YoY); raises FY2023 guidance

## Summary
- GAAP diluted EPS $1.51 (+41.1% YoY); adjusted diluted EPS $1.74 (+22.5% YoY).
- Operating margin 14.8% (GAAP) and 19.4% (adjusted), up from 13.4% and 18.2% a year ago.
- FY2023 revenue guidance raised to $1.595B-$1.620B; adjusted EPS raised to $6.75-$6.90.
- Insurance segment revenue $125.9M (34.6% margin); Analytics $181.8M (37.1% margin).
- Won 16 new clients in Q1; Anand Logani elevated to Chief Digital Officer.

## SEC filing metadata
- accession: 0001297989-23-000003
- form_type: 8-K
- ticker: EXLS
- cik: 0001297989
- company_name: ExlService Holdings, Inc.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1297989/000129798923000003/0001297989-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1297989/000129798923000003/exls-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001297989-23-000003
- JSON: https://secwatch.observer/filing/0001297989-23-000003.json
- Plain text: https://secwatch.observer/filing/0001297989-23-000003.txt

## Key facts
- Earnings Releases
  ExlService Holdings, Inc. reported the quarter ended March 31, 2023 results: revenue $400.6 million, EPS $1.51. Guidance raised.
  - Period: the quarter ended March 31, 2023
  - Revenue: $400.6 million
  - EPS: $1.51
  - Guidance: raised
  - Result: reported results
  source text: EXL REPORTS 2023 FIRST QUARTER RESULTS 2023 First Quarter Revenue of $400.6 Million, up 21.7% year-over-year Q1 Diluted EPS (GAAP) of $1.51, up 41.1% from $1.07 in Q1 of 2022 Q1 Adjusted Diluted EPS (Non-GAAP) (1) of $1.74, up 22.5% from $1.42 in Q1 of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1297989/000129798923000003/0001297989-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.