EXLS · 10-Q · 2026Q1 · Full report
Capital Expenditure Program
ExlService Holdings, Inc. · 2026-04-28 · Importance 25 · Surprise 6
The company incurred $12.9 million of capital expenditures in Q1 2026. The company expects total capital expenditures of $50.0 million to $55.0 million for fiscal 2026, primarily for additions to facilities and infrastructure and investments in technology applications, product development and other digital technologies. Management said capex is intended to meet growth requirements and to support investments in digital capabilities, including AI. The fiscal 2026 capex range implies the company will spend roughly 4.0%–9.6% of Q1 annualized revenue on capital investment depending on timing and specific investments.
Key facts
- The company expects to incur total capital expenditures of between $50.0 million and $55.0 million in fiscal 2026.
- Depreciation and amortization increased primarily due to investments in infrastructure, technology assets and digital capabilities.
- The company incurred $12.9 million of capital expenditures during the three months ended March 31, 2026.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | -1.5% | The company expects to incur total capital expenditures of between $50.0 million and $55.0 million in fiscal 2026. |
| assets | positive | probable | +1.5% | The company expects to incur total capital expenditures of between $50.0 million and $55.0 million in fiscal 2026. |
| operating_income | negative | realized | — | Depreciation and amortization increased primarily due to investments in infrastructure, technology assets and digital capabilities. |