Genpact Reports Second Quarter 2024 Results

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]