ExlService revenue jumps 15.6% to $595M as Odyssean takes new $2.67M stake
What's the deal? Odyssean LLCDealroom has a profile for this one. Try Dealroom → acquired a new position in ExlService HoldingsDealroom has a profile for this one. Try Dealroom → worth about $2,666,000 during the second quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The firm bought 103,080 shares, equal to 0.07% of the business services provider.
The numbers: ExlServiceDealroom has a profile for this one. Try Dealroom → reported second-quarter revenue of $594.76 million, up 15.6% year-over-year and ahead of the $573.94 million consensus. Earnings came in at $0.59 per share, topping estimates by $0.04 and rising from $0.49 a year earlier.
What does ExlService do? The company provides data analytics and digital operations services to enterprise clients. It posted a net margin of 11.17% and a return on equity of 30.61% for the quarter.
Why now? Odyssean joins a wave of institutional buying. BlackRock opened a new position valued at roughly $488,370,000 in the second quarter, while JPMorgan ChaseDealroom has a profile for this one. Try Dealroom →, AQR Capital Management, and Dimensional Fund AdvisorsDealroom has a profile for this one. Try Dealroom → all added to their holdings. Institutional investors now own 92.92% of the stock.
Market reaction: Shares opened at $38.40 on Friday, giving ExlService a market cap of $5.82 billion and a P/E ratio of 24.15. The stock trades between a 52-week low of $24.85 and a high of $45.08, well above its 200-day average of $30.46.
Analysts have grown more constructive. Barrington ResearchDealroom has a profile for this one. Try Dealroom → set a $43.00 price target in July, Robert W. BairdDealroom has a profile for this one. Try Dealroom → set $45.00, and Weiss RatingsDealroom has a profile for this one. Try Dealroom → lifted the stock from "sell" to "hold" in August. The company guided to full-year 2026 earnings of $2.25 to $2.29 per share.
Insider moves: Not all signals point up. Insider Vikas Bhalla sold 12,000 shares on June 4 at an average $30.22, a $362,640 transaction that cut his stake by 7.26% under a pre-arranged Rule 10b5-1 plan. Insiders hold 3.66% of the company.
The signal: A small new stake from Odyssean matters less than the crowd it joins. Heavy institutional accumulation alongside double-digit revenue growth and improving analyst sentiment suggests confidence in ExlService's analytics-led model — even as its shares sit near record highs.
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