Recognition underlines Genpact's expertise in customer experience and driving outcomes for clients by leveraging innovative AI solutions NEW YORK, April 18, 2024 /PRNewswire/ -- Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, announced it has earned the highest ranking in the HFS Research Horizons report, "HFS Horizons: Customer Experience Service Providers, 2024." For the first time, HFS Research analyzed how the top service providers are supp ...

Among 80+ leading global companies pledging to advance women into leadership roles Genpact continues its global commitment to fostering workplace diversity, equity, and inclusion, leveraging an ecosystem approach NEW YORK, April 12, 2024 /PRNewswire/ -- BK Kalra, President and CEO of Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, joins more than 80 global CEOs to be a part of the Catalyst CEO Champions For Change, a transformational diversit ...

NEW YORK, April 10, 2024 /PRNewswire/ -- Genpact (NYSE: G) will announce results for the first quarter ended March 31, 2024 after the close of the U.S. financial markets on Thursday, May 9, 2024.  Following the release, Genpact's management will host a conference call beginning at 5:00 p.m. ET to discuss the company's performance. Those who wish to participate can register here to receive a dial-in number and unique PIN to access the call.  It is recommended callers join 10 minutes prior to the start of the ...

Piyush Mehta, Genpact's Chief Human Resources Officer (CHRO) expands his role to Country Manager, India, reinforcing the company's ongoing commitment to innovation, growth, and talent in the regionGURUGRAM, India, April 4, 2024 /PRNewswire/ -- Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, announced the expanded role of its CHRO, Piyush Mehta, to Country Manager, India, effective immediately.This move reflects Genpact's unwavering commitment t ...

Recognition acknowledges Genpact's commitment to employee experience and engagement, and culture of innovation, integrity, and inclusivity NEW YORK, March 21, 2024  /PRNewswire/ -- Genpact (NYSE: G), a global professional services firm focused on delivering outcomes that transform businesses, announced today its inclusion on the annual Forbes list of the "World's Best Employers" for the third consecutive year.   Genpact recognized by Forbes as one of the World’s Best Employers Genpact's recognition on t ...

Genpact Limited (G) is currently benefiting from a diverse product portfolio and its AI expertise.The company recently reported impressive fourth-quarter 2023 results, wherein earnings and revenues beat the Zacks Consensus Estimate. Quarterly EPS of 68 cents surpassed the consensus estimate by 4.6% and increased 9.7% on a year-over-year basis. Revenues of $1.15 billion surpassed the consensus mark by 2.1% and rose 4% year over year.How Is Genpact Limited Doing?Genpact stands out in the BPO services market d ...

Demonstrating the company's strong commitment to driving unparalleled outcomes for clients   Genpact also secured the sixth position in the social responsibility category, reinforcing the company's commitment to building a better, more resilient world       NEW YORK, March 14, 2024 /PRNewswire/ -- Genpact (NYSE: G), a global professional services firm focused on delivering outcomes that transform businesses, announced its inclusion in the Management Top 250 ranking published in the Wall Street Journal, ra ...

Genpact's anti-financial crime riskCanvas software suite and AI-first approach to transformation recognized by Everest Group's PEAK Matrix® Assessment 2024 for financial crime and compliance operations NEW YORK, March 13, 2024 /PRNewswire/ -- Genpact (NYSE: G), a global professional services firm focused on delivering outcomes that transform businesses, has once again earned the highest accolade, Leader, in Everest Group's PEAK Matrix® Assessment for financial crime and compliance. This is the fourth conse ...

Recognition for the sixth time underscores Genpact's unwavering commitment to harnessing AI's potential responsibly through strong ethical, compliance and governance practices NEW YORK, March 4, 2024 /PRNewswire/ -- Genpact (NYSE: G), a global professional services firm focused on delivering outcomes that transform businesses, today announced that it has been recognized as one of the 2024 World's Most Ethical Companies by Ethisphere, a global leader in defining and advancing the standards of ethical busine ...

AI and Digital Transformation - The company expects AI technology to significantly impact its industry and markets, presenting competitive, reputational, and legal risks[10] - The company's approach to digital-led transformation combines domain expertise with AI, digital, and analytics to differentiate itself from competitors[16] - Many client solutions are based on Genpact Cora, an AI-based platform integrating automation, analytics, and AI technologies to drive digital transformations[18] - The company's AI-based platform, Genpact Cora, integrates proprietary automation, analytics, and AI technologies to drive client digital transformations[18] - Digital Smart Enterprise Processes (Digital SEPs) leverage Lean Six Sigma methodologies and advanced domain-specific digital technologies to improve client business performance[19] - The Enterprise360 intelligence platform uses AI for prescriptive actions to identify transformation opportunities and unlock operational excellence[21] Revenue and Financial Performance - Digital Operations services revenue in 2023 was $2.48 billion, representing 55% of total revenue[21] - Data-Tech-AI services revenue in 2023 was $1.99 billion, representing 45% of total revenue[22] - Financial Services segment revenue in 2023 was $1.23 billion, accounting for 27% of total revenue[32] - Consumer and Healthcare segment revenue in 2023 was $1.57 billion, representing 35% of total revenue[34] - High Tech and Manufacturing segment revenue in 2023 was $1.68 billion, accounting for 38% of total revenue[36] - Digital Operations services generated $2.48 billion in revenue in 2023, accounting for 55% of total revenue[21] - Data-Tech-AI services contributed $1.99 billion in revenue in 2023, representing 45% of total revenue[22] - Financial Services segment revenue in 2023 was $1.23 billion, making up 27% of total revenue[32] - Consumer and Healthcare segment revenue in 2023 was $1.57 billion, accounting for 35% of total revenue[34] - High Tech and Manufacturing segment revenue in 2023 was $1.68 billion, representing 38% of total revenue[36] Operational Risks and Challenges - A substantial portion of the company's assets, employees, and operations are located in India, exposing it to regulatory, economic, social, and political uncertainties[10] - The company's profitability may suffer if it fails to price contracts correctly, maintain employee and asset utilization levels, and control costs[10] - Wage increases in countries where the company operates could reduce profit margins[10] - Currency exchange rate fluctuations, particularly in the Indian rupee, euro, and U.S. dollar, could adversely affect the company's business and financial condition[11] - The company is implementing a new enterprise resource planning system, which may impact internal controls, business, and operations[10] - The company faces risks from wage increases in operating countries, which may reduce profit margins[10] - Currency exchange rate fluctuations, particularly in the Indian rupee, euro, and U.S. dollar, could adversely affect financial performance[11] - The company is implementing a new enterprise resource planning system, which may impact internal controls over financial reporting[10] - A significant portion of the company's assets, employees, and operations are located in India, exposing it to regulatory, economic, and political uncertainties[10] Leadership and Talent Management - The company's success depends on retaining key senior leadership and managing the transition of its new Chief Executive Officer[10] - In 2023, the company promoted more than 13,000 employees and filled over 40% of open positions with internal hires[41][43] - The company's Genome learning framework and TalentMatch initiative aim to reskill employees and match skills with future job opportunities[43] - Balkrishan Kalra was appointed President and CEO in February 2024, having previously led the Consumer Goods, Retail, Life Sciences, Healthcare, and Financial Services businesses[60] - Michael Weiner has served as CFO since August 2021, with prior experience at National General Holdings Corp. and Ally Financial[60] Client and Market Dependence - The company's revenues are highly dependent on clients in the United States and Europe, as well as clients in specific industries like financial services and high tech[10] - The company serves approximately 800 clients across various industries and geographies, including about a quarter of the Fortune Global 500[37] - Revenues are primarily derived from Fortune Global 500 and Fortune 1000 companies[53] - The company serves approximately 800 clients globally, including about a quarter of the Fortune Global 500[37] Global Operations and Infrastructure - As of December 31, 2023, the company had approximately 129,100 employees working in over 35 countries[40] - The company operates a global network of over 90 delivery centers across 25+ countries[47] - As of December 31, 2023, the company had approximately 129,100 employees across more than 35 countries[40] - The company has a global network of more than 90 delivery centers in over 25 countries[47] Intellectual Property and Innovation - The company has a portfolio of over 60 patents and pending patent applications globally as of December 31, 2023[50] - Over 200 trademarks are registered in various jurisdictions[50] - The company holds a portfolio of more than 60 patents and pending patent applications globally, along with over 200 registered trademarks[50] Competition and Market Position - The company faces competition from large multinational service providers, IT service providers, and niche AI/digital technology firms[51][52] - The company faces competition from large multinational service providers, business process service providers, IT service providers, and niche service providers[51][52] - The company's competitive factors include deep industry expertise, innovative digital offerings, and global reach[53] Regulatory Compliance and Legal Risks - The company is subject to GDPR and other global data privacy regulations, including the EU-U.S. Data Privacy Framework[55] - The company must comply with U.S. financial regulations such as the Gramm-Leach-Bliley Act and the Fair Credit Reporting Act[55] - The company is affected by evolving privacy laws in regions like India, Africa, Asia, and Latin America[55] - The company is licensed to engage in debt collection activities in all U.S. jurisdictions where licensing is required, and is regulated by laws such as the Truth in Lending Act and the Fair Debt Collection Practices Act[56] - The company is licensed as a third-party administrator in 43 U.S. states for insurance processing activities and holds entity adjuster licenses in 24 states[56] - The company is subject to economic substance requirements in Bermuda under the Economic Substance Act 2018, requiring adequate economic substance in Bermuda for certain activities[56] - The company's hedging activities and currency transfers are restricted by regulations in China, India, Malaysia, the Philippines, and Romania[56] - The company is classified as a non-resident of Bermuda for exchange control purposes, allowing transactions in currencies other than Bermuda dollars without restrictions on fund transfers or dividend payments to U.S. residents[56] - The company's content moderation activities are influenced by U.S. laws such as Section 230 of the Communications Decency Act, which may evolve and impact business strategies[56] - The company is subject to U.S. foreign trade regulations, including export control, customs, and sanctions regulations maintained by various government bodies[56] - The company is subject to regulation in multiple jurisdictions, including the US, UK, EU, and other countries where it operates, with potential penalties for non-compliance[54] - The company must comply with privacy, data security, and breach notification laws in the US, including the Gramm-Leach-Bliley Act, HIPAA, and state-level laws like the California Consumer Privacy Act[55] - The GDPR in the EU imposes strict privacy and data security obligations, with increased fines for violations and restrictions on data transfers outside the EEA[55] - The company is licensed for debt collection activities in all required US jurisdictions and as a third-party administrator in 43 states for insurance processing[56] - The company must comply with Bermuda's Economic Substance Act 2018, requiring adequate economic substance in Bermuda for certain activities[56] Tax and Financial Incentives - The company benefits from tax incentives or concessional rates in service delivery centers located in China, Costa Rica, India, Israel, Malaysia, and the Philippines[56] - The company benefits from tax incentives and concessional rates in service delivery centers located in China, Costa Rica, India, Israel, Malaysia, and the Philippines[56] Corporate Social Responsibility - Over 62,000 employees volunteered in 2023, supporting causes like mentoring, food security, and environmental initiatives[45] - More than 5,000 employees participated in payroll-based charitable donation programs in 2023[45] - The company's corporate social responsibility initiatives include over 62,000 employee volunteers and 5,000 participants in payroll-based charitable donation programs[45] Reporting and Governance - The company files reports with the SEC, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K[57] - The company's executive leadership includes Balkrishan Kalra as President and CEO, Michael Weiner as CFO, and Sameer Dewan as Global Business Leader for Financial Services[60]