Revenue Performance - Total revenue for Q2 2024 was $1.18 billion, representing a 6% year-over-year increase and a 7% increase on a constant currency basis[5]. - Data-Tech-AI revenue reached $546 million, up 4% year-over-year, accounting for 46% of total revenue[5]. - Digital Operations revenue was $630 million, up 9% year-over-year, representing 54% of total revenue[5]. - Net revenues for the three months ended June 30, 2024, increased to $1,176,212, up from $1,105,524 in 2023, representing a growth of approximately 6.4%[14]. Earnings and Profitability - Adjusted diluted earnings per share (EPS) was $0.79, reflecting a 10% year-over-year increase[5]. - Net income for Q2 2024 was $122 million, up 5% year-over-year, with a margin of 10.4%[5]. - Gross profit for Q2 2024 was $416 million, with a corresponding margin of 35.4%[5]. - Basic earnings per share for the three months ended June 30, 2024, increased to $0.68 from $0.63 in 2023, marking an increase of about 7.9%[14]. - Adjusted income from operations for the six months ended June 30, 2024, was $380,293, compared to $364,952 in 2023, indicating a growth of approximately 4.2%[25]. - The adjusted income from operations margin for the six months ended June 30, 2024, was 16.5%, slightly down from 16.6% in 2023[25]. Cash Flow and Financial Position - Cash flow from operations increased to $209 million, up from $171 million in Q2 2023[5]. - Net cash provided by operating activities for the six months ended June 30, 2024, was $183,713, up from $137,382 in 2023, representing a growth of approximately 33.8%[16]. - Cash and cash equivalents at the end of the period for June 30, 2024, were $914,171, compared to $491,308 at the end of June 30, 2023, showing a significant increase of about 86.1%[16]. Guidance and Projections - Genpact's updated full-year 2024 revenue guidance is between $4.656 billion and $4.701 billion, indicating a year-over-year growth of approximately 4.0% to 5.0%[7]. - The company anticipates adjusted diluted EPS in the range of $3.14 to $3.18, an increase from the previous range of $3.01 to $3.04[7]. - The company projects an adjusted income from operations margin of 17.0% for the year ending December 31, 2024[29]. - The outlook for diluted EPS in 2024 ranges from $2.69 to $2.72, with an adjusted diluted EPS forecasted between $3.14 and $3.18[32]. - For Q3 2024, the company anticipates a net income margin of 9.9% and an adjusted income from operations margin of 17.2%[33]. Share Repurchase and Other Financial Activities - Genpact repurchased approximately 1.9 million common shares for a total consideration of approximately $63 million at an average price of $32.63 per share[5]. - The company recorded a loss on the sale of a business classified as held for sale amounting to $802 during the six months ended June 30, 2023[16]. - The company experienced a foreign exchange loss of $3,291 for the six months ended June 30, 2024, compared to a loss of $723 in 2023[25]. - Estimated stock-based compensation expense for 2024 is projected at 1.5% of income from operations margin[30]. - The estimated amortization and impairment of acquired intangible assets for 2024 is projected at 0.6%[30].

Core Insights - Genpact Limited reported total revenue of $1.18 billion for Q2 2024, reflecting a 6% increase year-over-year, or 7% on a constant currency basis [1][2] - The company achieved a diluted EPS of $0.67, up 6% year-over-year, and an adjusted diluted EPS of $0.79, up 10% [1][2] - Genpact raised its earnings expectations for the year following strong performance in the first half [1] Financial Performance - Total revenue for Q2 2024 was $1.18 billion, a 6% increase year-over-year, with Data-Tech-AI revenue at $546 million (up 4%) and Digital Operations revenue at $630 million (up 9%) [2] - Gross profit reached $416 million, up 7% year-over-year, with a gross margin of 35.4% [2] - Net income was $122 million, up 5% year-over-year, with a net income margin of 10.4% [2] - Cash flow from operations increased to $209 million, up from $171 million in Q2 2023 [2] Outlook - For Q3 2024, Genpact expects total revenue between $1.180 billion and $1.186 billion, representing year-over-year growth of approximately 3.9% to 4.4% [3] - The full-year 2024 revenue outlook is revised to a range of $4.656 billion to $4.701 billion, indicating a growth of approximately 4.0% to 5.0% [3] - Adjusted diluted EPS for the full year is projected to be between $3.14 and $3.18, an increase from the previous range of $3.01 to $3.04 [3]

Core Insights - Genpact has announced its integration with Salesforce Data Cloud to provide AI-driven, industry-specific cloud solutions aimed at transforming operations and enhancing competitive advantages for enterprises [1][2] - The integration addresses challenges related to disconnected and unstructured data, improving decision-making, operational optimization, and growth potential for businesses [1][2] Group 1: Integration and Benefits - The partnership combines Genpact's industry expertise in sectors such as consumer goods, life sciences, manufacturing, banking, and insurance with Salesforce Data Cloud to enhance data accessibility and quality [1][2] - Data Cloud enables a 360-degree view of customers, allowing organizations to break down data silos and gain real-time insights, which facilitates automation and personalized engagement [2][3] Group 2: Training and Innovation - Genpact has initiated a comprehensive training program for its employees focused on Salesforce's Einstein AI and Data Cloud platforms to enhance skills and foster innovation in the AI landscape [2] - The collaboration emphasizes Genpact's commitment to delivering high-quality solutions and achieving client satisfaction within the Salesforce ecosystem [3] Group 3: Company Overview - Genpact is a global professional services and solutions firm with over 125,000 employees across more than 30 countries, dedicated to creating lasting value for clients [4] - The company serves leading enterprises, including those in the Fortune Global 500, leveraging its deep business knowledge and expertise in data, technology, and AI [4]

Core Insights - Genpact has appointed Sanjeev Vohra as its first Chief Technology & Innovation Officer to enhance its AI and advanced technology initiatives [1][2] - Vohra brings over 30 years of technology leadership experience, previously leading Accenture's Applied Intelligence division [2][3] - The appointment aims to accelerate the delivery of AI solutions, improve client value, and foster business growth [1][3] Company Overview - Genpact is a global professional services firm with over 125,000 employees across more than 30 countries, focusing on delivering transformative outcomes for clients [4] - The company emphasizes its commitment to data, technology, and AI as part of its strategy to enhance operational efficiency and client engagement [2][4] - Genpact serves leading enterprises, including those in the Fortune Global 500, leveraging deep industry knowledge and digital operations services [4]

Core Insights - Genpact has partnered with Volkswagen Financial Services (VWFS) to enhance customer and employee experiences in the automotive finance sector through AI and data-driven solutions [1][2] - The partnership aims to streamline processes and improve competitive differentiation by leveraging AI technologies [1] Group 1: Partnership and Objectives - The collaboration focuses on delivering a personalized and frictionless financing experience for customers by incorporating AI solutions [1] - Genpact will implement AI-powered tools such as Cora Knowledge Assist for customer query resolution and Cora Nudge Coach for agent productivity enhancement [1] Group 2: Operational Enhancements - Genpact plans to expand digital and data innovation within VWFS operations, including intelligent document processing and customer sentiment analysis [2] - The new AI solutions are expected to improve employee performance, reduce paperwork processing times, and proactively address customer requests [2] Group 3: Company Overview - Genpact is a global professional services firm with over 125,000 employees across more than 30 countries, focusing on delivering value through deep industry knowledge and expertise in data, technology, and AI [4]

Core Insights - Genpact is expanding its strategic alliance with Advantage Solutions to tackle finance and supply chain challenges in the consumer packaged goods (CPG) and retail sectors [1][2] Group 1: Collaboration Details - The collaboration aims to address inefficiencies in order-to-cash and supply chain management, including deductions leakage and manual customer service operations [2][3] - The companies plan to introduce new solutions to meet evolving needs in the CPG and retail sectors, enhancing operational efficiencies [2][4] Group 2: Financial Impact - Leakage in the deductions process can result in 7% to 10% of lost revenue, which Genpact aims to recover using advanced analytics and AI [3] - The partnership is expected to deliver significant financial gains for clients by preventing losses and enhancing productivity through automation technologies [3][4] Group 3: Technological Integration - The planned solution for supply chain management will include a SaaS-based platform to digitize order management and trade promotions deductions, improving speed and accuracy [4] - The collaboration will leverage data, analytics, and digital offerings to provide cost efficiencies and growth opportunities for clients [4]

Core Insights - Genpact has been recognized on Forbes' list of America's Best Employers for Women 2024, reflecting its commitment to diversity, equity, and inclusion [1][2] - The company aims to achieve gender balance at all levels and enhance the sectors it operates in [1] Company Initiatives - Genpact supports women at all career stages through initiatives such as the Women's Leadership Program, which is a 15-month course in collaboration with Korn Ferry, and offers scholarship and mentorship programs for young girls in India [3] - In 2023, women made up 42% of Genpact's global workforce and 50% of its board, with women's representation on the leadership council increasing from 29% in 2022 to 47% in 2023 [3] Survey and Recognition Details - Forbes and Statista surveyed over 150,000 women at U.S. companies with more than 1,000 employees, evaluating employers based on recommendation likelihood, work environment, pay equity, parental leave, and handling of misconduct and discrimination [2] - The top 600 companies with the highest scores were ranked as America's Best Employers for Women 2024 [2]

Core Insights - Genpact has been recognized as a Leader in the Everest Group Life Sciences Regulatory and Medical Affairs Operations PEAK Matrix® assessment for 2024 due to its advanced digital and AI solutions [1][2][3] - The company has established strategic partnerships with firms like AWS and Veeva, enhancing its service offerings in the life sciences sector [1][2] - Genpact's innovative solutions include Health Agency Q&A, which automates responses to health authority inquiries using generative AI and Natural Language Processing, and Marketing Authorization Supply Transfer, which integrates planning and tracking of regulatory milestones [2][3] Company Overview - Genpact is a global professional services and solutions firm with over 125,000 employees across more than 30 countries, focusing on delivering outcomes that shape the future [4] - The company emphasizes its commitment to creating lasting value for clients, including those in the Fortune Global 500, through deep industry knowledge and expertise in digital operations, data, technology, and AI [4] Industry Context - Life sciences enterprises are increasingly relying on external service providers like Genpact to navigate complex compliance systems and adapt to shifting regulations [3] - The demand for advanced technology and deep expertise in regulatory affairs is growing, positioning Genpact favorably in the market [3]

Core Insights - Genpact is collaborating with embecta to support its transition from Becton Dickinson and Company, focusing on enhancing operations in the diabetes technology market [1][2] - The partnership aims to leverage Genpact's expertise in data, technology, and AI to improve healthcare outcomes for diabetes patients [2] Group 1: Partnership and Operations - Genpact has played a crucial role in embecta's spin-off from BD, modernizing its operations through the implementation of a robust ERP system and standardized global processes [2] - The collaboration has established end-to-end HR, finance, and procurement processes, ensuring uninterrupted customer support and supply chain stability for embecta [2][3] - This partnership enables embecta to provide insulin injection devices to 30 million people across more than 100 countries without interruption [2] Group 2: Leadership Perspectives - The relationship between Genpact and embecta is founded on shared values and a commitment to mutual success, facilitating a smooth transition to an independent entity [3] - Both companies are dedicated to improving the lives of people living with diabetes, aligning their missions for better healthcare solutions [2][3] Group 3: Company Overview - Genpact is a global professional services firm with over 125,000 employees across more than 30 countries, focusing on creating lasting value for clients [4] - The company emphasizes its purpose of pursuing a world that works better for people, serving leading enterprises including Fortune Global 500 companies [4]

Core Viewpoint - Genpact (G) is identified as a strong value stock with a Zacks Rank of 2 (Buy) and an A grade for Value, indicating it is likely undervalued in the current market [2][3]. Valuation Metrics - Genpact has a P/E ratio of 10.49, significantly lower than the industry average of 23.29, suggesting it is undervalued [2]. - The stock's Forward P/E has fluctuated between 9.75 and 12.54 over the past year, with a median of 11.03 [2]. - Genpact's PEG ratio stands at 1.33, compared to the industry average of 2.47, indicating a favorable valuation relative to expected earnings growth [2]. - The PEG ratio has ranged from 0.97 to 1.50 in the past year, with a median of 1.31 [2]. - The P/CF ratio for Genpact is 8.18, which is attractive compared to the industry average of 15.71, further supporting the notion of undervaluation [3]. - Over the last 12 months, the P/CF ratio has varied between 7.46 and 13.98, with a median of 8.93 [3]. Investment Outlook - The combination of Genpact's strong earnings outlook and favorable valuation metrics positions it as a compelling value investment opportunity at this time [3].