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Mar 31, 2023
Genpact Q1 2023 Earnings Report
Reported solid first-quarter results, reinforcing the interlinkages between Data-Tech-AI and Digital Operations services.
Key Takeaways
Genpact reported a solid first quarter with a 2% increase in total revenue to $1.09 billion and a 12% increase in diluted EPS to $0.57. The company saw growth in both Data-Tech-AI and Digital Operations services, and net income increased by 10% to $106 million.
Total revenue was $1.09 billion, up 2% year-over-year (4% constant currency).
Revenue from Data-Tech-AI services was $485 million, up 4% year-over-year (6% constant currency), representing 45% of total revenue.
Revenue from Digital Operations services was $604 million, up 0.4% year-over-year (3% constant currency), representing 55% of total revenue.
Diluted earnings per share was $0.57, up 12% year-over-year, and adjusted diluted earnings per share was $0.68, up 13% year-over-year.
Revenue by Segment
Forward Guidance
Genpact continues to expect total revenue in the range of $4.64 billion to $4.71 billion, up 6.0% to 7.5%, or 6.5% to 8.0% year-over-year on a constant currency basis. Adjusted income from operations margin of approximately 16.8%. Adjusted diluted EPS in the range of $2.92 to $2.99.
Positive Outlook
- Total revenue in the range of $4.64 billion to $4.71 billion, up 6.0% to 7.5%.
- Total revenue up 6.5% to 8.0% year-over-year on a constant currency basis.
- Adjusted income from operations margin of approximately 16.8%.
- Adjusted diluted EPS in the range of $2.92 to $2.99.
- Believes it can expand services to clients and increase total addressable market with generative AI.
Challenges Ahead
- General economic conditions
- Deterioration in the global economic environment and its impact on clients
- Ability to effectively price services and maintain pricing and employee utilization rates
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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