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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.
Genpact
Genpact
Genpact Revenue by Segment
Revenue by Segment
Data-Tech-AI Revenue
CapyFin.comDigital Operations Revenue
CapyFin.com 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