Welcome to our dedicated page for Genpact news (Ticker: G), a resource for investors and traders seeking the latest updates and insights on Genpact stock.
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.
The U.S. Rapid Action Consortium praises President Biden's proposal for mandatory vaccinations or weekly testing for companies with over 100 employees, enhancing workplace safety. The Consortium, formed in March 2021, aims to expedite the U.S. economy's recovery by promoting cost-effective rapid COVID-19 testing. In Canada, their successful program has increased testing uptake by 500% since June 2021, screening over 630,000 individuals and preventing more than 22,000 secondary infections. This initiative emphasizes the private sector's crucial role in tackling the pandemic.
Genpact (NYSE: G) announced that CEO Tiger Tyagarajan will participate in a virtual fireside chat at Citi's 2021 Virtual Global Technology Conference on September 13, 2021, starting at 1:50 p.m. Eastern Time. The discussion is expected to last for about 40 minutes. Investors can access a live audio webcast and replay on Genpact's Investor Relations site. Genpact is known for driving digital-led innovation and transformation in business operations.
Genpact Japan K.K. has announced the opening of a new delivery center in Fukuoka, Japan, as part of its expansion strategy in the country. This center will enhance customer service operations for a high-tech global leader and will provide innovative digital and analytics capabilities across various sectors including manufacturing and finance. The facility will operate in a hybrid model with 120 employees, capitalizing on the local talent pool. Genpact aims to strengthen its presence in the Kyushu region, leveraging the business-friendly environment to foster growth.
Genpact Limited (NYSE: G) reported strong second-quarter financial results for 2021, with total revenue reaching $988 million, a 10% year-over-year increase. Revenue from Global Clients rose 14% to $893 million, accounting for 90% of total revenue. Net income surged 65% to $103 million, leading to a diluted earnings per share of $0.53, an increase of 66% year-over-year. The company has revised its full-year revenue outlook to $3.96 to $4.0 billion, expecting global client revenue growth of 10.5% to 11.5%.
Coca-Cola Beverages Africa (CCBA) has partnered with Genpact (NYSE: G) to enhance operational efficiency and drive competitive growth. The collaboration focuses on creating a shared services organization to centralize finance, procurement, and data management, enabling real-time decision-making. Initially targeting operations in South Africa, the partnership will expand across Africa. Genpact's expertise in digital transformation aims to improve customer service and support CCBA's goal of sustainable growth while providing new career opportunities for employees. This strategic move positions CCBA for better market share and profitability.
Genpact Limited (NYSE: G) announced a cash dividend of $0.1075 per common share for Q3 2021, payable on September 24, 2021. Shareholders of record as of September 10, 2021 will receive this dividend. The declaration of future dividends is at the board's discretion. This financial move reflects Genpact's commitment to providing returns to shareholders, underpinned by its ongoing cash flow management amidst the wider economic landscape.
Guidewire Software has welcomed Genpact as a new Solution partner in its PartnerConnect program. This collaboration offers insurers access to Genpact’s Ready for Guidewire validated add-on, which enhances the ClaimCenter platform for claims processing. The add-on facilitates seamless claims management, enabling digital inspections and improved customer satisfaction through faster claims cycle times. The partnership aims to transform and streamline the entire claims lifecycle, allowing insurers to deliver superior service to policyholders.
On July 22, 2021, Genpact (NYSE: G) was recognized as a leader in the 2021 Aragon Research Globe for Digital Business Platforms for its Genpact Cora platform. This AI-based platform supports end-to-end digital transformation by automating and enhancing business processes, improving agility, providing governance, and offering critical insights. The Aragon Research Globe evaluates 17 major providers, assessing their strategies and performance in the market, emphasizing Genpact's strong position in driving comprehensive business transformation through its innovative solutions.
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