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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.
Workday Inc. (NASDAQ: WDAY) announced that Genpact (NYSE: G) has selected its Financial Management, Human Capital Management, and Professional Services Automation solutions. The partnership aims to streamline Genpact's operations by consolidating nearly 30 disparate systems into a single platform, enhancing data governance and operational agility. This collaboration will enhance employee experiences through automation and better decision-making capabilities.
Genpact, serving over 700 clients globally, seeks to improve efficiency and support its transformation initiatives.
Genpact (NYSE: G) has been recognized as a Leader in the Advanced Analytics and Insights Services PEAK Matrix Assessment 2022 by Everest Group for the third consecutive year. The research firm awarded Genpact a perfect score in 'value delivered' to clients, showcasing its expertise in augmented intelligence and innovative solutions like Genpact Cora. The report highlights Genpact's strategic acquisition of Enquero and its strong client relationships, enabling data-driven decision-making and driving enterprise digital transformation.
Genpact Limited (NYSE: G) reported strong financial results for the fourth quarter and full year ending December 31, 2021. Total revenue rose to $4.0 billion, up 8% year-over-year, driven by a 12% increase in revenue from Global Clients. Adjusted diluted EPS reached $2.45, up 16% year-over-year. New bookings hit approximately $3.7 billion, reflecting a 20% year-over-year growth. For 2022, the company projects revenue between $4.3 billion and $4.4 billion, indicating a growth of 7% to 9%.
Genpact announced the integration of its Claims Manager platform with Claim Genius, enhancing the insurance industry's claims processing through AI technology. This collaboration aims to streamline auto claims, reducing processing time and costs by up to 50%. The integration addresses inefficiencies in traditional claims management, offering improved customer satisfaction and operational efficiency. This initiative represents Genpact's commitment to digital transformation in the insurance sector, providing a more intelligent and seamless claims experience.
Commonwealth Informatics has expanded its partnership with the Medicines and Healthcare products Regulatory Agency (MHRA) to enhance safety monitoring across all medical products in the UK. MHRA will utilize Commonwealth's Vigilance Workbench (CVW) for signal detection, enabling a more responsive safety surveillance system. The integration of CVW with Insife's HALOPV solution will facilitate advanced automation and real-time analytics. This collaboration aims to improve the efficiency and accuracy of safety signal processing, benefitting both patients and public health.
Genpact (NYSE: G) will announce its fourth quarter and full year results for 2021 on February 11, 2022, before U.S. market open. Management will hold a conference call at 8:00 a.m. ET to discuss the performance. Interested parties can listen via phone or a live webcast on Genpact's Investor Relations website. A replay of the call will be available afterwards. Genpact focuses on digital transformation and intelligent operations, providing solutions for Global Fortune 500 companies.
Genpact (NYSE: G) and HighRadius have expanded their strategic alliance to enhance digital transformation in finance. This partnership focuses on integrating HighRadius's Autonomous Software with Genpact's expertise in accounts receivables, aiming to improve business outcomes for clients. The collaboration will facilitate data-driven insights, streamlining the Order to Cash and Receivables processes for enhanced efficiency and decision-making. Both companies are positioned to leverage their strengths for significant innovations in the finance sector.
Genpact (NYSE:G) announced the acquisition of Hoodoo Digital, enhancing its experience business through Rightpoint. This strategic move aims to support clients in achieving digital transformation by integrating advanced Adobe solutions. With Hoodoo's experience as a Platinum-level Adobe partner, the partnership strengthens Rightpoint's capabilities in content, commerce, and marketing management. This acquisition is part of Genpact's ongoing strategy to improve client experience and drive growth in the experience economy, leveraging a total addressable market of $110 billion in 2024.
Everest Group has recognized Genpact (NYSE: G) as a Leader in its Banking Operations — Services PEAK Matrix Assessment 2022. The assessment evaluated 31 companies based on market impact, innovation, and operational capabilities. Financial institutions are increasingly seeking digital transformation solutions like robotic process automation and AI amid ongoing pandemic disruptions. Genpact's strengths lie in customer experience transformation and financial crime risk management, bolstered by strategic acquisitions. This marks Genpact's fourth consecutive year as a leader in this assessment.
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