Genpact Reports Third Quarter 2024 Results

Core Insights - Genpact Limited reported total revenue of $1.21 billion for Q3 2024, reflecting a 7% year-over-year increase, consistent in both reported and constant currency terms [3][4] - The company achieved a diluted EPS of$ 0.74, up 16% year-over-year, and an adjusted diluted EPS of $0.85, up 12% year-over-year [3][4] - Genpact's CEO highlighted strong revenue growth driven by client trust in innovation across Data, Tech, and AI, leading to an updated revenue growth guidance of 6% for 2024, up from 2% in the previous year [2][4] Financial Performance - Total revenue for Q3 2024 was$ 1.21 billion, with Data-Tech-AI revenue at $569 million (up 9%) and Digital Operations revenue at$ 642 million (up 5%) [3][4] - Gross profit reached $431 million, with a margin of 35.6%, while net income was$ 133 million, reflecting a 13% increase year-over-year [3][4] - Cash flow from operations improved to $228 million, up from$ 162 million in Q3 2023 [3] Outlook - For Q4 2024, Genpact expects total revenue between $1.222 billion and$ 1.233 billion, indicating a year-over-year growth of approximately 6.6% to 7.6% [4] - The full-year 2024 revenue guidance has been updated to a range of $4.740 billion to$ 4.751 billion, representing a growth of approximately 5.9% to 6.1% [4] - The company anticipates adjusted diluted EPS in the range of $3.23 to$ 3.24 for the full year, an increase from the previous range of $3.14 to$ 3.18 [4]