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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 been awarded the 2022 ServiceNow Global Industry Solutions – Financial Services Partner of the Year, recognizing its innovative approach to digital transformation in the lending sector. In a partnership with ServiceNow, Genpact has developed the Cora Lending as a Service platform, enhancing loan processing efficiency for financial institutions. This recognition reflects successful implementations across banks and fintechs, driving expedited loan approvals and improved risk management during ongoing economic challenges.
Genpact (NYSE: G) has been chosen to enhance USAA's Property Direct Repair Program (PDRP) through its digital and AI capabilities. The initiative aims to improve transparency and efficiency for USAA, serving millions of U.S. military Members and their families. Utilizing the AI-driven Cora Claims Manager, Genpact will streamline claims processing and enhance member experience with proactive communication. This collaboration is set to provide better insights, customer experience, and contractor access, ultimately delivering a more effective claims process amid increasing regulatory complexities and natural disasters.
Genpact (NYSE: G) has partnered with Climate Vault to enhance carbon reduction and removal efforts for organizations, addressing the urgent demand for climate action. This collaboration combines Genpact's digital transformation expertise with Climate Vault's innovative carbon solutions. The partnership aims to provide organizations access to regulated carbon compliance markets with real-time pricing, facilitating a scalable pathway to carbon neutrality. Since its inception in 2021, Climate Vault has successfully reduced 0.75 million metric tons of carbon emissions, equivalent to removing 72,000 cars from the roads.
Genpact Limited (NYSE: G) reported total revenue of $1.089 billion for Q2 2022, up 10% year-over-year (12% constant currency). Data-Tech-AI services revenue increased 20% to $489 million, making up 45% of total revenue, while Digital Operations services rose 3% to $601 million. Diluted EPS declined 28% to $0.38, though adjusted diluted EPS grew 6% to $0.70. The company expects full-year revenue of $4.32 billion to $4.37 billion, reflecting a 7.5% to 9.0% increase compared to previous estimates.
Genpact (NYSE: G) has been recognized as a Leader for the second consecutive year in Everest Group's Trust and Safety – Content Moderation Services PEAK Matrix® Assessment 2022. The firm leverages augmented reality and data-driven insights to enhance trust and safety programs for clients across various industries, including media and e-commerce. Key strengths include a robust ecosystem of internal talent and innovations like the AI-powered Global Command Center. With increasing regulatory scrutiny, Genpact's expertise supports organizations in creating safe digital environments and effective content moderation strategies.
Genpact Limited (NYSE: G) announced a quarterly cash dividend of $0.125 per common share for Q3 2022. This dividend is payable on September 23, 2022 to shareholders of record as of the close of business on September 9, 2022. Future dividends will be determined at the discretion of the board of directors. The company focuses on digital transformation and innovation, boasting a global presence and a commitment to enhancing operational processes for its clients.
Genpact (NYSE: G) will announce its second-quarter results for the period ending June 30, 2022, after U.S. markets close on August 4, 2022. Following the announcement, management will host a conference call at 4:30 p.m. ET to discuss the company's performance. Interested participants can register online for access to the call. A live webcast will also be available on Genpact's Investor Relations website, and a replay will be archived afterwards.
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