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Sep 30, 2024
Genpact Q3 2024 Earnings Report
Reported strong results with accelerating revenue growth, driven by client trust in Data, Tech, and AI innovation.
Key Takeaways
Genpact reported a 7% increase in total revenue, reaching $1.21 billion, with Data-Tech-AI revenue up by 9%. Diluted EPS increased by 16% to $0.74, and adjusted diluted EPS rose by 12% to $0.85. The company is increasing its revenue growth expectations for 2024 to 6%.
Total revenue increased by 7% year-over-year to $1.21 billion.
Data-Tech-AI revenue grew by 9% year-over-year, accounting for 47% of total revenue.
Diluted earnings per share increased by 16% year-over-year to $0.74.
Adjusted diluted earnings per share increased by 12% year-over-year to $0.85.
Genpact
Genpact
Genpact Revenue by Segment
Revenue by Segment
Data-Tech-AI Revenue
CapyFin.comDigital Operations Revenue
CapyFin.com Forward Guidance
Genpact's outlook for the fourth quarter of 2024 includes total revenue in the range of $1.222 billion to $1.233 billion, representing year-over-year growth of approximately 6.6% to 7.6%. The company anticipates Digital Operations revenue growth of approximately 5.4% and Data-Tech-AI revenue growth of approximately 9.0%. Gross margin is expected to be approximately 35.6%, and adjusted income from operations margin is anticipated to be approximately 17.6%.
Positive Outlook
- Total revenue growth of approximately 6.6% to 7.6% as reported.
- Digital Operations revenue growth of approximately 5.4% year-over-year.
- Data-Tech-AI revenue growth of approximately 9.0% year-over-year.
- Gross margin of approximately 35.6%.
- Adjusted income from operations margin of approximately 17.6%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income