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Genpact to Announce Second Quarter 2024 Results
Prnewswire· 2024-07-10 12:00
Core Insights - Genpact will announce its second quarter results for the period ending June 30, 2024, on August 8, 2024, after U.S. financial markets close [1] - A conference call will be held at 5:00 p.m. ET to discuss the company's performance following the results announcement [1] Company Overview - Genpact is a global professional services and solutions firm with over 125,000 employees across more than 30 countries [2] - The company focuses on delivering outcomes that shape the future, driven by curiosity, entrepreneurial agility, and a commitment to creating lasting value for clients [2] - Genpact serves and transforms leading enterprises, including those in the Fortune Global 500, leveraging deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI [2]
Genpact and ALDI SÜD Enter Multi-Year Partnership to Reimagine ALDI's Business Services, Leveraging Data, Technology, and AI Solutions
Prnewswire· 2024-07-09 12:05
Agreement aims to drive greater agility and cost leadership NEW YORK, July 9, 2024 /PRNewswire/ -- Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, announced a new multi-year engagement with ALDI SÜD to accelerate and support the continued transformation of its retail operations in the U.S. and Australia. Genpact's data, tech, and AI capabilities, coupled with its business and industry knowledge, will help ALDI accelerate agility and cost leade ...
AI Product Portfolio Aids Genpact (G) Amid Rising Talent Costs
ZACKS· 2024-07-08 14:10
Genpact (G) is poised to capitalize on AI growth opportunities. The company is conducting acquisitions conducive to expanding its AI product portfolio. A decreasing current ratio and rising talent remain as concernsGreported impressive first-quarter 2024 results. Quarterly EPS of 73 cents surpassed the consensus estimate by 5.8% and grew 7.4% year over year. Revenues of $1.13 billion beat the consensus mark by 2.1% and increased 3.9% from the year-ago quarter.How is Genpact Doing?The company is a pioneer in ...
Genpact Earns 5th spot in the '50 Best Firms For Data Scientists To Work For 2024' List by Analytics India Magazine
Prnewswire· 2024-06-27 12:05
Receives Gold standard recognition for excellence in AI and tech workplaces Reaffirms Genpact's commitment to empowering data scientists to learn, innovate, and build careers while driving unparalleled outcomes for clients NEW YORK, June 27, 2024  /PRNewswire/ -- Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, today announced that it has earned the 5th spot in the annual Analytics India Magazine (AIM) "50 Best Firms for Data Scientists to Work ...
Genpact Ranked a Leader in SAP Business Application Services by Everest Group
Prnewswire· 2024-06-26 12:05
Everest Group's PEAK Matrix® Assessment 2024 underscores Genpact's AI capabilities, strong talent pool, and end-to-end SAP suite of services and support for mid-market enterprisesNEW YORK, June 26, 2024 /PRNewswire/ -- Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, has been recognized as a Leader in Everest Group's SAP Business Application Services PEAK Matrix® assessment for mid-market enterprises.In this inaugural report, Genpact is credited ...
Why Genpact (G) is a Top Value Stock for the Long-Term
ZACKS· 2024-06-19 14:45
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed alongs ...
Genpact Earns 2024 CSO Award for Enterprise Security Controls Monitoring Platform
Prnewswire· 2024-06-18 12:05
Core Insights - Genpact has been awarded the 2024 CSO Award for its innovative in-house platform, Infosec360, which enhances enterprise information security and cybersecurity [1][2] - Infosec360 serves as a centralized dashboard for monitoring and validating security controls, improving the company's confidence in its security measures [1] - This marks the eighth consecutive year that Genpact has received a CSO award, highlighting its commitment to managing cybersecurity risks and deploying innovative solutions [2] Company Overview - Genpact is a global professional services and solutions firm with over 125,000 employees across more than 30 countries [4] - The company focuses on delivering outcomes that shape the future, leveraging deep business knowledge, digital operations services, and expertise in data, technology, and AI [4] Industry Context - The cybersecurity landscape is increasingly challenging, necessitating innovative solutions and effective risk management strategies [2][3] - The CSO Awards recognize organizations that demonstrate outstanding business value and thought leadership in security projects [5]
Genpact Recognized as a Leader for Insurance Intermediaries Services by Everest Group
Prnewswire· 2024-06-18 12:05
AI-led transformation is Genpact's epicenter in supporting growth, efficiency, and scalability for global clientsNEW YORK, June 18, 2024  /PRNewswire/ -- Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, has earned the top recognition as a Leader in Everest Group's first PEAK Matrix® Assessment 2024 for insurance intermediaries services.Genpact's AI-first approach leverages data from existing frameworks to support impactful and transformative ope ...
TraceLink Partners with Genpact to Expand Delivery of Digital Supply Chain Innovation for Healthcare and Life Sciences Sectors
Prnewswire· 2024-06-10 18:30
Core Insights - TraceLink has partnered with Genpact to enhance digital supply chain solutions in the healthcare and life sciences sectors, combining TraceLink's technology with Genpact's expertise in data and AI [1][2][3] Company Overview - TraceLink is a leader in digital supply chain solutions, providing visibility and collaboration for supply chain partners, ensuring compliance and optimizing operations [5] - Genpact is a global professional services firm specializing in data, technology, and AI solutions for supply chain management [2] Partnership Details - The partnership aims to address complexities in supply chains due to technological advancements and global trade disruptions, leveraging both companies' strengths [2] - Genpact's expertise in Supply Chain Management complements TraceLink's network of over 291,000 industry-specific entities, facilitating comprehensive digitalization strategies for the pharmaceutical industry [2] Technology and Solutions - The collaboration utilizes TraceLink's Multienterprise Information Network Tower (MINT) and Opus technology platform to enhance supply chain orchestration [2][3] - The partnership enables life sciences leaders to maximize the potential of TraceLink's Integrate-Once, Interoperate with Everyone™ capabilities, driving effectiveness and innovation [3]
Reasons to Retain Genpact (G) Stock in Your Portfolio Now
ZACKS· 2024-06-04 17:31
Group 1: Company Overview - Genpact is benefiting from its expertise across multiple domains and the growth opportunities presented by artificial intelligence (AI) [1] - The company is a prominent player in the BPO services market, specializing in consulting services and digital and business analytics [2] - Genpact provides industry-specific solutions in various areas including user experience, IIoT, supply chain management, data engineering, and risk management [2] Group 2: Financial Performance - Revenues for Genpact are expected to grow by 2.7% in 2024 and 6.4% in 2025 year-over-year [1] - Earnings are projected to increase by 1.3% in 2024 and 9.8% in 2025 [1] - The long-term earnings per share growth rate is expected to be 7.9% over the next three to five years [1] Group 3: AI and Innovation - AI presents a substantial growth opportunity for Genpact, assisting businesses in developing data and system architecture [3] - The company's Digital Smart Enterprise Processes (Digital SEPs) improve business process performance by reducing inefficiencies and enhancing quality using AI and advanced technologies [3] Group 4: Shareholder Value - Genpact has repurchased shares worth $225.4 million, $214.1 million, and $298.2 million in 2023, 2022, and 2021, respectively [3] - The company paid dividends of $100 million, $91.8 million, and $80.5 million to shareholders in 2023, 2022, and 2021, respectively [3] Group 5: Challenges - Genpact faces significant client concentration, with over 25% of revenues derived from the financial services and insurance industries in 2023 [4] - The outsourcing industry is labor-intensive and relies heavily on foreign talent, with increasing talent costs potentially curbing growth [4]