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Jun 30, 2024
Genpact Q2 2024 Earnings Report
Reported better-than-expected results, raised earnings expectations for the year, and successfully delivered on the '3+1 Execution Framework'.
Key Takeaways
Genpact reported a 6% increase in total revenue to $1.18 billion, with diluted EPS up 6% to $0.67 and adjusted diluted EPS up 10% to $0.79. The company is raising its earnings expectations for the year.
Total revenue was $1.18 billion, up 6% year-over-year (7% on a constant currency basis).
Data-Tech-AI revenue was $546 million, up 4% year-over-year.
Digital Operations revenue was $630 million, up 9% year-over-year.
Diluted earnings per share was $0.67, up 6% year-over-year; Adjusted diluted earnings per share was $0.79, up 10% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Genpact's outlook for the third quarter of 2024 includes total revenue in the range of $1.180 billion to $1.186 billion, representing year-over-year growth of approximately 3.9% to 4.4% as reported, or 4.2% to 4.7% on a constant currency basis. The company's updated outlook for the full year 2024 includes total revenue in the range of $4.656 billion to $4.701 billion, representing year-over-year growth of approximately 4.0% to 5.0% as reported, or 4.2% to 5.2% on a constant currency basis, up from the prior guidance of approximately 2.5% to 3.5% as reported.
Positive Outlook
- Total revenue in the range of $1.180 billion to $1.186 billion for Q3 2024.
- Year-over-year revenue growth of approximately 3.9% to 4.4% as reported for Q3 2024.
- Constant currency revenue growth of 4.2% to 4.7% for Q3 2024.
- Digital Operations revenue growth of approximately 3.8% year-over-year for Q3 2024.
- Data-Tech-AI revenue growth of approximately 4.6% year-over-year for Q3 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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