Genpact(US:G) ZACKS·2024-08-15 15:16Core Insights - Genpact Limited reported better-than-expected second-quarter 2024 results with an EPS of 79 cents, surpassing the consensus estimate by 8.2% and showing a year-over-year growth of 9.7% [1] - Revenues reached $1.18 billion, beating the consensus mark by 2.6% and increasing 6.4% from the previous year [1] Quarterly Performance Details - Data-Tech-AI services revenues, accounting for 46% of total revenues, increased 4% year over year to $546 million, exceeding the estimate of $508.8 million [2] - Digital Operations services revenues of $630 million (54% of total revenues) grew 9% year over year but missed the estimate of $637.2 million [2] - Adjusted income from operations was $198.4 million, reflecting a 7% year-over-year growth, with an adjusted operating income margin of 16.9%, up 10 basis points year over year [2] - Cash and cash equivalents at the end of the quarter were $914.2 million, a significant increase from $478.4 million in the previous quarter, while long-term debt rose to $1.2 billion from $818.3 million [2] Cash Flow and Shareholder Returns - The company generated $209 million in cash from operating activities, with capital expenditure at $19.3 million [3] - Genpact returned $27.3 million in dividends to shareholders and repurchased shares worth $63 million [3] Future Guidance - For Q3 2024, Genpact expects revenues between $1.18 billion and $1.186 billion, with gross margin and adjusted income from operating margin anticipated at around 35.4% and 17.2%, respectively [4] - For the full year 2024, the revenue forecast is between $4.656 billion and $4.701 billion, with adjusted EPS expected in the range of $3.14 to $3.18 [4] - Gross margin and adjusted income from operating margin for 2024 are anticipated to be around 35.3% and 17%, respectively [4]