Key Highlights

  • SoFi introduced 2027 guidance of about $6.4 billion in adjusted net revenue after 44% third-quarter growth.
  • Manhattan Associates raised 2026 adjusted EPS guidance to $5.54 to $5.56 from $5.44 to $5.50.
  • Commvault raised fiscal 2027 free cash flow guidance to $255 million to $265 million from $250 million to $260 million.
  • ExlService raised adjusted EPS guidance to $2.34 to $2.36 from $2.25 to $2.29 for the second time this year.
  • PayPal raised its non-GAAP EPS outlook to about $5.60, and TransUnion to $4.81 to $4.88.

Which Technology and Services Companies Raised Outlooks on October 27?

Six companies lifted outlooks with results on Tuesday, October 27. SoFi (NASDAQ:SOFI) raised 2026 targets and introduced about $6.4 billion of 2027 adjusted net revenue guidance, while Manhattan Associates (NASDAQ:MANH) lifted 2026 revenue guidance to $1,176 million to $1,178 million. Commvault (NASDAQ:CVLT) raised every fiscal 2027 range even as subscription ARR growth eased to 20%, ExlService (NASDAQ:EXLS) raised revenue guidance to $2.430 billion to $2.440 billion, PayPal (NASDAQ:PYPL) moved non-GAAP EPS to about $5.60, and TransUnion (NYSE:TRU) lifted adjusted EPS to $4.81 to $4.88.

Growth rates differ widely, from 44% at SoFi to 2% at PayPal, so each outlook is condensed below with its reasons. Several raises rest on buybacks or lower interest costs rather than only on sales, which the comparison section quantifies where the figures allow.

SoFi: What Is Behind the 44% Revenue Jump and the 2027 Targets?

SoFi reported adjusted net revenue of $1.371 billion, up 44%, and diluted EPS of $0.18 against $0.17 as screened. GAAP net income was $241.0 million, up 73%, and originations reached a record $16.9 billion, up 71%.

Management attributed the raise to the third-quarter beat and stronger fourth-quarter expectations. The 2026 outlook is adjusted revenue of about $5.04 billion and EPS of about $0.61, and 2027 is introduced at about $6.4 billion and $0.90. Adjusted EBITDA was $469.8 million, a 34% margin, and deposits reached $51.3 billion. Technology Platform revenue fell 24%, and the common equity tier 1 ratio was 16.9%.

Manhattan Associates: Did Cloud Growth Lift the Outlook?

Manhattan Associates reported adjusted EPS of $1.55 against $1.36 a year earlier and $1.46 as screened, on revenue of $306.2 million, up about 11% (calculated). Cloud subscription revenue rose 28% to $134.4 million and has now passed services revenue.

Remaining performance obligations were $2.59 billion, up 25%, though days sales outstanding rose to 81 from 67 and operating cash flow fell to $68.6 million. The company repurchased $50.0 million of stock in the quarter, and about $175.0 million remains under its authorization.

Commvault: Why Is ARR Growth Slowing While Guidance Rises?

Commvault reported non-GAAP EPS of $1.38 against $1.24 as screened, on revenue of $312.4 million, up 13%. Subscription ARR grew 20% to $1,103.9 million, below the 22% of the prior quarter, while SaaS ARR rose about 35% to $454.4 million.

Fiscal 2027 subscription ARR guidance is $1,205 million to $1,215 million, and third-quarter subscription revenue is guided to $293 million to $297 million. The company repurchased $107.7 million of stock and held $897.3 million of cash, while free cash flow was $70.9 million.

ExlService: Did 19.7% Growth Come From Data and AI Demand?

ExlService reported revenue of $634.0 million, up 19.7%, and adjusted EPS of $0.62 against $0.56 as screened. Management said data and AI-led revenue, about two-thirds of the business, grew 36% reported and 31% organically.

Adjusted EPS guidance of $2.34 to $2.36 was the second raise this year. Banking gross margin fell to 34.4% from 38.3%, and borrowings rose to about $511.0 million after the iMerit acquisition and a new $1 billion senior secured credit facility.

PayPal: Did Buybacks Rather Than Growth Drive the $5.60 Outlook?

PayPal reported non-GAAP EPS of $1.45, up 8%, against $1.31 as screened, on revenue of $8.6 billion, up 2%. Weighted diluted shares fell about 11% (calculated) to 858 million from 960 million, more than the EPS gain.

Total payment volume rose 6% to $487.1 billion, and free cash flow fell 17% to $1.4 billion. The company repurchased $1.5 billion of stock in the quarter, and fourth-quarter non-GAAP EPS is guided to about $1.43.

TransUnion: Why Did EPS Guidance Rise While Revenue Guidance Held?

TransUnion reported adjusted EPS of $1.25 against $1.10 a year earlier and $1.21 as screened, on revenue of $1,312.5 million, up 12.2%. Full-year adjusted EPS guidance rose to $4.81 to $4.88, citing lower net interest expense and recent repurchases, while revenue guidance of $5,131 million to $5,162 million held.

Mortgage inquiries are expected to fall more than 20% in the fourth quarter. The board raised the buyback authorization by $1 billion and lifted the quarterly dividend to $0.135 from $0.125. Net leverage was 2.5 times, up 0.3 turns after the Mexico acquisition.

Tech and Services Outlooks Compared: Who Raised the Most?

On calculated midpoints, ExlService's adjusted EPS guidance rose about 3.5% ($2.35 versus $2.27), PayPal's about 4.1% ($5.60 versus $5.38), Manhattan Associates' about 1.5% ($5.55 versus $5.47) and TransUnion's about 1.1% ($4.845 versus $4.79). Commvault's free cash flow midpoint rose about 2.0% ($260 million versus $255 million), and SoFi's 2027 revenue target is about 27% above its 2026 figure (calculated).

Third-quarter revenue growth ran from 44% at SoFi to 2% at PayPal, a gap of 42 points (calculated). Against screened EPS estimates, Commvault's $0.14 (calculated 11.3%) and ExlService's 11.02% were widest, while TransUnion's $0.04 (calculated 3.3%) was narrowest. TransUnion's dividend increase was a calculated 8.0%. PayPal's share count fell about 11% (calculated), while Commvault and Manhattan Associates repurchased $107.7 million and $50.0 million in the quarter.

What to Watch Next: ExlService's Call and Payout Dates

ExlService hosts its call at 10 a.m. Eastern on Wednesday, October 28. TransUnion pays $0.135 on November 25 to holders of record on November 10, and PayPal pays $0.14 on December 24 to holders of record on December 4. SoFi's fourth-quarter report will test its implied revenue of about $1.38 billion (calculated), and Manhattan Associates' guidance implies fourth-quarter revenue of about $290 million to $292 million (calculated). Commvault's next report will show subscription revenue against its $293 million to $297 million range.