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Genpact
🇧🇲 NYSE:G
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Jun 30, 2023

Genpact Q2 2023 Earnings Report

Genpact's financial performance for Q2 2023 reflected revenue growth and increased profitability.

Key Takeaways

Genpact reported a 2% year-over-year increase in total revenue, reaching $1.106 billion. Diluted EPS increased by 66% to $0.63, while adjusted diluted EPS rose by 3% to $0.72. The company's strong bookings momentum is expected to drive top-line growth in 2024 and beyond.

Total revenue increased by 2% year-over-year to $1.106 billion.

Data-Tech-AI services revenue grew by 2% year-over-year to $501 million, representing 45% of total revenue.

Digital Operations services revenue increased by 1% year-over-year to $605 million, representing 55% of total revenue.

Diluted earnings per share increased by 66% year-over-year to $0.63, and adjusted diluted earnings per share increased by 3% year-over-year to $0.72.

Total Revenue
$1.11B
Previous year: $1.09B
+1.5%
EPS
$0.72
Previous year: $0.7
+2.9%
Operating Margin
14.2%
Previous year: 10.1%
+40.6%
Adjusted Operating Margin
16.8%
Previous year: 16.9%
-0.6%
Gross Profit
$390M
Previous year: $375M
+4.0%
Cash and Equivalents
$491M
Previous year: $460M
+6.7%
Free Cash Flow
$160M
Previous year: $92.1M
+73.7%
Total Assets
$4.48B
Previous year: $4.54B
-1.3%

Genpact

Genpact

Genpact Revenue by Segment

Forward Guidance

Genpact now expects total revenue in the range of $4.59 billion to $4.64 billion, representing a 5.0% to 6.0% year-over-year increase. Adjusted diluted EPS is expected to be in the range of $2.91 to $2.94. The company continues to expect an adjusted income from operations margin of approximately 16.8%.

Positive Outlook

  • Total revenue is expected to be in the range of $4.59 billion to $4.64 billion, up 5.0% to 6.0% year-over-year.
  • Revenue growth on a constant currency basis is expected to be 5.5% to 6.5% year-over-year.
  • Adjusted diluted EPS is expected to be in the range of $2.91 to $2.94.
  • Adjusted income from operations margin is expected to be approximately 16.8%.
  • Strong bookings momentum expected to drive top-line growth in 2024 and beyond.

Challenges Ahead

  • Prior full-year outlook for total revenue was in the range of $4.64 billion to $4.71 billion, up 6.0% to 7.5% year-over-year.
  • Prior range for adjusted diluted EPS was $2.92 to $2.99.
  • General economic conditions may impact the company's performance.
  • Technological innovation, including AI, and the company's ability to adapt to industry developments could affect results.
  • Wage increases in locations in which the company operates may impact profitability.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Genpact