Everest Group's PEAK Matrix® Assessment 2024 underscores Genpact's focus on AI to drive enhanced decision-making, ensure policy compliance for platform content, and detect digital fraudNEW YORK, June 4, 2024 /PRNewswire/ -- Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, has been ranked a Leader in Trust and Safety Services by Everest Group in its PEAK Matrix Assessment for 2024. This marks the fourth consecutive year Genpact has received this ...

NEW YORK, May 30, 2024 /PRNewswire/ -- Genpact Limited ("Genpact") (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, today announced the pricing by its wholly owned subsidiaries, Genpact Luxembourg S.à r.l. ("Genpact Luxembourg") and Genpact USA, Inc. ("Genpact USA"), of their underwritten public offering (the "Notes Offering") of $400 million aggregate principal amount of 6.000% senior notes due 2029 (the "Notes"). The Notes will be senior unsecured obl ...

This solution powers a suite of Microsoft products with Total Experience offering to increase operational efficienciesCHICAGO, May 28, 2024 /PRNewswire/ -- Rightpoint, a global experience leader and Genpact (NYSE: G) company, announces the launch and implementation of its Knowledge AI and Search solution that blends the best of its Total Experience proprietary strategy with the power of technology. By leveraging a powerful ecosystem of tools, including Microsoft Azure AI, Azure OpenAI Service, Azure AI Sear ...

NEW YORK, May 22, 2024 /PRNewswire/ -- Genpact (NYSE: G) today announced a change in presentation time at William Blair's 44th Annual Growth Stock Conference:William Blair's 44th Annual Growth Stock ConferenceDate: Wednesday, June 5, 2024Location: Chicago, ILPresentation: 12:00 PM (CT) – Balkrishan "BK" Kalra, President & CEOWebcast available at https://www.genpact.com/investorsAbout GenpactGenpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our ...

Research shows only 5% of enterprises have achieved mature gen AI initiatives, signaling room for growth61% of enterprises allocate up to 10% of tech budgets to gen AI, recognizing its role in value creation74% anticipate productivity gains, while 52% caution against overemphasis on productivity, citing broader business goalsNEW YORK, May 22, 2024 /PRNewswire/ -- Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, and HFS Research, a leading global ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Devel ...

Genpact Limited (G) reported impressive first-quarter 2024 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.The company’s shares have gained 7.6% since the earnings release on May 9 in response to the better-than-expected results and the raised guidance for 2024.For 2024, the company expects revenues of $4.59-$4.63 billion compared with $4.57-$4.61 billion stated previously. The mid-point ($4.61 billion) of the raised guidance is higher than the Zacks Consensus Estimate of $4.59 ...

NEW YORK, May 13, 2024 /PRNewswire/ -- Genpact (NYSE: G) today announced its upcoming participation at the following investor conferences:J.P. Morgan 2024 Global Technology, Media, and Communications ConferenceDate: Tuesday, May 21, 2024 Location: Boston, MA Presentation: 8:50 AM (ET) – Balkrishan "BK" Kalra, President & CEO Webcast available at https://www.genpact.com/investorsWilliam Blair's 44th Annual Growth ConferenceDate: Wednesday, June 5, 2024 Location: Chicago, IL Presentation: 2:00 PM (CT) – Balkr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period ended March 31, 2024 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from to Commission file number: 001-33626 GENPACT LIMITED (Exact name of registrant as specified in its charter) Bermuda 98-0533350 (State or other jurisdiction of ...

Financial Data and Key Metrics - Total revenues for Q1 2024 were $1.13 billion, up 4% year-over-year, exceeding the high end of the guidance range [7][8] - Gross margin was 35%, exceeding expectations due to operational efficiencies and better-than-expected revenue performance [8] - Adjusted operating income margin was 16.1%, in line with guidance, reflecting investments in top priorities [8] - GAAP net income was $117 million, up 10% year-over-year, with GAAP diluted EPS of $0.64, up 12% year-over-year [23] - Adjusted diluted EPS was $0.73, up 7% year-over-year, driven by lower outstanding share count and higher adjusted operating income [23] Business Line Performance - Data-Tech-AI revenue, representing 44% of total revenue, increased 3% year-over-year, driven by finance and accounting, supply chain, and risk service lines [20] - Digital operations revenue, representing 56% of total revenue, increased 4% year-over-year (5% on a constant currency basis), primarily due to deal ramps from last year's large bookings [20] - Outcome and consumption-based models expanded to approximately 19% of Q1 revenue, up from 13% in Q1 2023 [21] Market Performance - Financial services segment revenue increased 3% year-over-year, driven by large deal ramps and growth in financial crimes, partially offset by pressure in discretionary tax spend [21] - Consumer and Healthcare segment revenue increased 5% year-over-year, due to large deal ramps and growth in supply chain engagements [21] - High Tech and Manufacturing segment revenue increased 4% year-over-year, driven by new logos in digital operations and Data-Tech-AI, partially offset by descoping of a high-tech priority client [22] Strategic Direction and Industry Competition - The company's 3+1 Execution Framework is driving early results, focusing on partnerships, Data-Tech-AI, simplification, and internal transformation (Client Zero) [8][9][15][16] - Genpact strengthened partnerships with AWS, Salesforce, Adobe, and Microsoft, leveraging AI to transform finance organizations [9] - The company is aggressively driving go-to-market engagement in Data-Tech-AI, with a focus on generative AI, leading to increased client conversations and revenue [9][14] - Genpact is building responsible AI centers of excellence for clients, helping them automate operational finance activities and other processes [13][14] Management Commentary on Operating Environment and Future Outlook - The company increased full-year revenue guidance by 50 basis points to 2.5%-3.5% growth, reflecting Q1 outperformance [16] - Gross margin outlook for the full year was increased by 30 basis points to 35.3%, while adjusted operating income margin remains unchanged at 17% [17] - The outlook does not assume any improvement in the macro buying environment, with revenue upside from Q1 being flowed through the full year [17] - Management highlighted early signs of improving execution and momentum in generative AI-related revenues and bookings [14][17] Other Important Information - The company repurchased approximately 865,000 shares at a total cost of $30 million in Q1 [25] - Attrition rate for the quarter was 23%, in line with Q4 levels, with adjusted attrition (excluding involuntary attrition and employees with less than three months of service) at 17% [25] - Days sales outstanding expanded to 91 days from 83 days in 2023 due to collection delays and higher payment terms in new accounts [24] Q&A Session Summary Question: Long-term revenue targets and macro environment - The company is focused on 2024 execution and will provide updates on long-term targets as the year progresses [31][32] Question: Generative AI traction and business size - Early days for generative AI, but significant client interest and momentum in bookings and revenues, though still a small portion of overall business [35][36] Question: Q1 outperformance drivers - Outperformance driven by better execution in digital operations and Data-Tech-AI, particularly in finance and accounting supply chain projects [37][38] Question: Sales team changes and attrition - Positive reception to organizational changes, with excitement and improved execution, and hiring of over 50 senior leaders in Q1 [40] Question: Visibility into Q2 and full-year growth - Prudent guidance for the second half of 2024, with no anticipated improvement in the macro environment [43][44][45] Question: Productivity commitments from clients - No increase in productivity expectations from clients, but interest in AI tools and learning about their implementation [47][48] Question: Go-to-market changes and gross margin drivers - Sales and go-to-market changes are ongoing, with simplification efforts yielding results [51][52] - Gross margin improvement driven by lower severance costs and large deal investments, with a sequential downtick in Q2 due to annual compensation refresh [54] Question: Win rates and operating margin - Elevated win rates (62%) driven by sole-sourced deals and follow-on engagements, with operating margin held constant due to reinvestment in growth initiatives [57][60][61] Question: Outcome-based pricing and discretionary work - Outcome-based pricing models are showing higher margins than FTE-based pricing, with a push to decouple revenue from FTE headcount [64][65][70] - Over 70% of revenue is annuity-based, with discretionary work primarily in Data-Tech-AI consulting and project work [67] Question: Demand environment and execution - Record pipeline levels across segments, driven by increased agility and partnerships, but no meaningful improvement in the macro environment [77][78] Closing Remarks - Q1 was a solid start to the year, with revenue and gross margin above guidance, and early signs of improving execution under the 3+1 Execution Framework [81]