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 ...

Group 1 - Genpact announced a change in presentation time for the William Blair's 44th Annual Growth Stock Conference [1] - The conference will take place on June 5, 2024, in Chicago, IL, with the presentation scheduled for 12:00 PM (CT) by President & CEO Balkrishan "BK" Kalra [1] - A webcast of the presentation will be available on Genpact's investor relations website [1] Group 2 - 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 desire to create 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]

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 ...

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors identify stocks with the highest potential to outperform the market within a 30-day timeframe [1] Style Scores Breakdown - **Value Score**: Focuses on identifying undervalued stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight attractive investment opportunities [2] - **Growth Score**: Analyzes projected and historical earnings, sales, and cash flow to find stocks with sustainable growth potential [2] - **Momentum Score**: Utilizes price trends and earnings estimate changes to identify favorable times for investing in high-momentum stocks [2] - **VGM Score**: Combines the Value, Growth, and Momentum Scores to identify stocks with the best overall potential [3] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [4] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [5] Company Spotlight: Genpact (G) - Genpact, based in Hamilton, Bermuda, specializes in managing business processes globally, leveraging process expertise and technology [6] - Currently rated 3 (Hold) on the Zacks Rank, Genpact has a VGM Score of B and a Value Style Score of A, with a forward P/E ratio of 11.41 [6] - Recent earnings estimates for fiscal 2024 have been revised upward, with the Zacks Consensus Estimate now at $3.02 per share, and an average earnings surprise of 5.9% [6]

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 ...

Core Insights - Genpact will participate in two upcoming investor conferences, showcasing its leadership and strategic direction [1] - The presentations will be led by Balkrishan "BK" Kalra, President & CEO, highlighting the company's commitment to engaging with investors [1] Conference Details - J.P. Morgan 2024 Global Technology, Media, and Communications Conference will take place on May 21, 2024, in Boston, MA, with a presentation scheduled for 8:50 AM (ET) [1] - William Blair's 44th Annual Growth Conference is set for June 5, 2024, in Chicago, IL, with a presentation at 2:00 PM (CT) [1] Company Overview - Genpact is a global professional services and solutions firm with over 125,000 employees across more than 30 countries [1] - The company focuses on delivering outcomes that shape the future, driven by curiosity, agility, and a commitment to creating lasting value for clients [1] - Genpact serves leading enterprises, including those in the Fortune Global 500, leveraging deep business knowledge, digital operations services, and expertise in data, technology, and AI [1]

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]

Revenue Performance - Total revenue for Q1 2024 was $1.13 billion, up 4% year-over-year, with Data-Tech-AI revenue at $524 million (46% of total revenue) and Digital Operations revenue at $607 million (54% of total revenue)[1][3] - Net revenues increased to $1,131.2 million in Q1 2024, up from $1,089.3 million in Q1 2023, representing a growth of 3.8%[16] - Full-year 2024 revenue guidance updated to $4.59 billion to $4.63 billion, representing year-over-year growth of 2.5% to 3.5% as reported, or 2.7% to 3.7% on a constant currency basis[4] - Q2 2024 revenue guidance is $1.143 billion to $1.148 billion, representing year-over-year growth of 3.4% to 3.8% as reported, or 3.6% to 4.0% on a constant currency basis[4] - Digital Operations revenue growth for Q2 2024 is expected to be 5.4% year-over-year as reported, while Data-Tech-AI revenue growth is expected to be 1.6% year-over-year as reported[4] - Revenue growth is reported on a constant currency basis to exclude foreign exchange rate fluctuations, aiding in period-to-period comparisons[21] Earnings and Profitability - Diluted EPS for Q1 2024 was $0.64, up 12% year-over-year, while adjusted diluted EPS was $0.73, up 7% year-over-year[1][3] - Gross profit for Q1 2024 was $396 million, up 7% year-over-year, with a gross margin of 35.0%[3] - Net income for Q1 2024 was $117 million, up 10% year-over-year, with a net income margin of 10.3%[3] - Gross profit rose to $396.5 million in Q1 2024, compared to $370.2 million in Q1 2023, reflecting a 7.1% increase[16] - Net income grew to $116.9 million in Q1 2024, up from $106.1 million in Q1 2023, a 10.2% increase[16] - Diluted earnings per share increased to $0.64 in Q1 2024 from $0.57 in Q1 2023, a 12.3% rise[16] - Adjusted diluted EPS for full-year 2024 is expected to be in the range of $3.01 to $3.04, up from the prior range of $3.00 to $3.03[4] - Adjusted diluted EPS for Q1 2023 was $0.68, increasing to $0.73 in Q1 2024, with adjustments for stock-based compensation and amortization of intangible assets[26] - Net income margin improved from 9.7% in Q1 2023 to 10.3% in Q1 2024[24] - The company expects adjusted diluted EPS to range between $3.01 and $3.04 for the year ending December 31, 2024[30] Cash Flow and Financial Position - Total assets decreased slightly to $4,740.6 million as of March 31, 2024, from $4,805.7 million as of December 31, 2023[14] - Cash and cash equivalents declined to $478.4 million as of March 31, 2024, from $583.7 million as of December 31, 2023, a decrease of 18.0%[14] - Short-term borrowings increased to $50.0 million as of March 31, 2024, from $10.0 million as of December 31, 2023, a significant rise[14] - Net cash used for operating activities was $25.6 million in Q1 2024, compared to $34.1 million in Q1 2023, a 24.9% improvement[17] - Net cash used for investing activities was $24.7 million in Q1 2024, down from $33.6 million in Q1 2023, a 26.5% decrease[17] - Net cash used for financing activities was $48.2 million in Q1 2024, compared to $41.2 million in Q1 2023, a 17.0% increase[17] Share Repurchase and Divestiture - Genpact repurchased approximately 865,000 common shares during Q1 2024 for a total consideration of $30 million at an average price of $34.67 per share[3] - Genpact completed the divestiture of a non-strategic business in Q1 2023, recording a loss on the sale, and classified related revenues and expenses as held for sale from April 1, 2022[20] Operational Efficiency and Margins - Adjusted income from operations margin was 16.4% in Q1 2023, slightly decreasing to 16.1% in Q1 2024[24] - Genpact forecasts an adjusted income from operations margin of 17.0% for the year ending December 31, 2024[28] - For Q2 2024, Genpact projects an adjusted income from operations margin of 16.5%[32] Expense Management - Stock-based compensation expense was $19.7 million in Q1 2023, decreasing to $9.2 million in Q1 2024[24] - Amortization and impairment of acquired intangible assets were $8.1 million in Q1 2023, reducing to $6.9 million in Q1 2024[24] Revenue Classification Update - Genpact updated its revenue classification for Digital Operations and Data-Tech-AI to more accurately reflect the nature and delivery of services, impacting historical revenue breakdowns[3][6][7]