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Mar 31, 2024
Genpact Q1 2024 Earnings Report
Achieved revenue above guidance, driven by improved execution and performance in Data-Tech-AI and Digital Operations.
Key Takeaways
Genpact reported Q1 2024 results with total revenue of $1.13 billion, up 4% year-over-year. Diluted EPS was $0.64, up 12%, and adjusted diluted EPS was $0.73, up 7%. The company's performance was driven by improvements in execution and better-than-expected results in both Data-Tech-AI and Digital Operations.
Total revenue was $1.13 billion, a 4% increase year-over-year.
Data-Tech-AI revenue reached $524 million, up 3% year-over-year, representing 46% of total revenue.
Digital Operations revenue was $607 million, up 5% year-over-year, accounting for 54% of total revenue.
Diluted earnings per share was $0.64, a 12% increase year-over-year, while adjusted diluted earnings per share was $0.73, up 7%.
Revenue by Segment
Forward Guidance
Genpact's updated outlook for the full year 2024 includes total revenue in the range of $4.59 billion to $4.63 billion, gross margin of approximately 35.3%, adjusted income from operations margin of approximately 17.0%, and adjusted diluted EPS in the range of $3.01 to $3.04. For the second quarter of 2024, total revenue is expected to be in the range of $1.143 billion to $1.148 billion, gross margin of approximately 34.8%, and adjusted income from operations margin of approximately 16.5%.
Positive Outlook
- Total revenue in the range of $4.59 billion to $4.63 billion, representing year-over-year growth of approximately 2.5% to 3.5%.
- Digital Operations revenue growth of approximately 3.6% year-over-year at the midpoint of the range.
- Data-Tech-AI revenue growth of approximately 2.3% year-over-year at the midpoint of the range.
- Gross margin of approximately 35.3%.
- Adjusted diluted EPS in the range of $3.01 to $3.04.
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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