Genpact's (G) Q2 Earnings Surpass Estimates, Increase Y/Y

Core 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$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]