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Genpact Limited (NYSE: G) is a global professional services firm known for its commitment to delivering transformative business outcomes that shape the future. Established as a spin-off from General Electric in 1998, Genpact leverages its deep industry and functional expertise to provide innovative solutions across a range of sectors including banking and financial services, insurance, capital markets, consumer product goods, life sciences, infrastructure, manufacturing, healthcare, and high-tech.
With over 125,000 employees operating in more than 30 countries, Genpact prides itself on its ability to combine process expertise, technology capabilities, and industry knowledge to help clients achieve significant growth, cost efficiency, and business agility. The company’s proprietary digital business platform, Genpact Cora, integrates advanced technologies such as AI and analytics to streamline operations, enhance decision-making, and drive intelligent operations.
Genpact’s impressive client roster includes more than one-fourth of the Fortune Global 500, reflecting its reputation as a trusted partner for large-scale digital transformation projects. The firm’s dedication to operational excellence has led to collaborations with leading technology platforms like Salesforce, Microsoft, and other industry giants. Recent partnerships include a multi-year engagement with Advantage Solutions to implement industry-leading platforms and a strategic collaboration with Tropicana Brands Group to transform global business services and supply chain operations.
Financially, Genpact has demonstrated consistent growth. For the fiscal year ending December 31, 2023, the company reported annual revenue of $4.5 billion, showing a 2% year-over-year increase despite macroeconomic challenges. The company continues to invest in new technologies and innovative strategies to maintain its competitive edge. In May 2024, Genpact announced a $400 million notes offering intended for general corporate purposes, including the repayment of existing debt, which underscores its strong financial management and strategic foresight.
Genpact’s leadership in the industry is further evidenced by its recognition in various assessments, including Everest Group’s PEAK Matrix® Assessment for financial crime and compliance, where it was named a Leader for the fourth consecutive year. This accolade highlights Genpact’s comprehensive capabilities in areas such as anti-money laundering, fraud management, and risk compliance.
Committed to creating a positive impact, Genpact operates with a purpose-driven approach, aiming to build a world that works better for people. This ethos is reflected in every aspect of the company's operations, from its innovative solutions and strategic partnerships to its sustainable business practices.
Genpact (NYSE: G) has partnered with o9 Solutions to enhance the global supply chain of Eckes-Granini, a major fruit juice supplier in Europe. The initiative aims to digitize supply chain processes, breaking down information silos and promoting operational efficiency. Key locations for the rollout include Spain, Germany, Hungary, Austria, France, Finland, and Sweden. The first phase, Valorized Demand Planning, is expected to reduce supply chain costs and inventories while aligning finance, sales, and marketing functions.
Genpact Limited (NYSE: G) reported third-quarter 2022 results with total revenue of $1.111 billion, up 9% year-over-year. Data-Tech-AI services contributed $510 million (up 19%), while Digital Operations generated $601 million (up 2%). Diluted EPS was $0.51, down 4%, but adjusted EPS increased 14% to $0.75. The company expects full-year revenue between $4.32 billion and $4.355 billion, reflecting a slight adjustment due to foreign currency impacts. Cash generated from operations was $226 million, marking an 8% increase from last year.
Genpact (NYSE: G) and Celonis have expanded their strategic partnership at Celosphere 2022, aiming to enhance digital transformation for their clients. The collaboration includes establishing a joint Center of Excellence to drive business insights and improve operational efficiencies. Key outcomes include improved finance and accounting processes for Global Fortune 500 clients and the creation of pre-built solutions leveraging Genpact's expertise and Celonis' Execution Management System (EMS). A survey indicated that 25% of organizations anticipate increasing their process intelligence spending by over 10% in the next 12-18 months.
Genpact Limited (NYSE: G) has declared a cash dividend of $0.125 per common share for Q4 2022. The dividend will be payable on December 23, 2022, to shareholders on record by December 9, 2022. Future dividends will be determined at the discretion of the board of directors. This announcement reflects the company's commitment to returning value to shareholders while navigating potential challenges such as inflationary pressures and operational costs.
Genpact (NYSE: G) is set to announce its third-quarter financial results for the period ending September 30, 2022, after the U.S. markets close on November 9, 2022. A conference call to discuss these results will be held at 4:30 p.m. ET the same day. Participants can register for the call to obtain a unique dial-in number. A live webcast will also be available on Genpact's Investor Relations website, with a replay and transcript to follow. Genpact is focused on driving digital-led innovation and intelligent operations for its clients.
Genpact (NYSE: G) has been recognized as a Leader and received Star Performer status in Everest Group's Financial Crime and Compliance (FCC) Operations PEAK Matrix™ Assessment 2022, marking its second consecutive year as a Leader and its first Star Performer recognition. Clients have praised Genpact for its extensive expertise, flexibility, and scalability in FCC. The firm leverages its Financial Crime Risk Management (FCRM) solution and data analytics capabilities to enhance customer experience and drive impact for clients across various sectors.
Genpact (NYSE: G) has been recognized as one of the "World's Best Management Consulting Firms 2022" by Forbes and Statista. This accolade reflects Genpact's commitment to delivering digital transformation and value to clients amid the challenges of the Covid-19 pandemic. The evaluation involved assessing multinational consultancies across various industries, focusing on their adaptability and service evolution. Genpact's CEO highlighted the firm's dedication to leveraging Data-Tech-AI services to drive meaningful business outcomes. This acknowledgment adds to Genpact's growing list of industry awards.
Genpact (NYSE: G) announced that CFO Mike Weiner will participate in a fireside chat at Citi's 2022 Global Technology Conference on September 8th, starting at 9:45 am ET. The event will take place in New York City and is expected to last 40 minutes. A live audio webcast and replay will be available on the Genpact Investor Relations website following the presentation. Genpact focuses on driving digital transformation and improving business outcomes for clients globally.
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