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Dec 31, 2023
Genpact Q4 2023 Earnings Report
Genpact reported Q4 2023 results with revenue up 4% year-over-year and EPS up 231% year-over-year.
Key Takeaways
Genpact's Q4 2023 results showed a 4% increase in revenue year-over-year, reaching $1.15 billion. Net income saw a significant increase, driven by a non-recurring tax benefit. The company is implementing initiatives to improve execution in a challenging macroeconomic environment.
Total revenue was $1.15 billion, up 4% year-over-year.
Data-Tech-AI services revenue was $507 million, up 3% year-over-year.
Digital Operations services revenue was $639 million, up 5% year-over-year.
Diluted earnings per share was $1.59, up 231% year-over-year, including a non-recurring tax benefit of $170 million.
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 full year 2024 includes total revenue in the range of $4.57 billion to $4.61 billion, representing year-over-year growth of approximately 2% to 3%. Adjusted diluted EPS is expected to be in the range of $3.00 to $3.03.
Positive Outlook
- Total revenue growth of approximately 2% to 3% as reported.
- Digital Operations services revenue growth of approximately 3% year-over-year.
- Data-Tech-AI services revenue growth of approximately 1.9% year-over-year at the midpoint of the range, as reported.
- Gross margin of approximately 35%.
- Adjusted income from operations margin of approximately 17%.
Challenges Ahead
- Macroeconomic environment remains challenging.
- First quarter 2024 total revenue growth of approximately 1.75% to 2.25% as reported.
- First quarter 2024 Digital Operations services revenue growth of approximately 2.8% year-over-year.
- First quarter 2024 Data-Tech-AI services revenue growth of approximately 1.0% year-over-year at the midpoint of the range, as reported.
- First quarter 2024 gross margin of approximately 34.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income