Genpact(G) - 2024 Q2 - Quarterly Results

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].