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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 Limited (NYSE: G) reported its financial results for Q4 and full year 2020, achieving a total revenue of $3.7 billion, a 5% increase year-over-year. Revenue from Global Clients reached $3.3 billion, up 7%, while revenue from GE declined by 4% to $459 million. Net income was $308 million, up 1%, with diluted EPS of $1.57 also up 1%. However, new bookings fell 20%. Looking ahead, Genpact expects 2021 revenue between $3.93 to $3.99 billion, forecasting growth of 6% to 7.5%.
Genpact (NYSE: G) has partnered with Massmart to enhance its finance operations through digital technology and analytics. This collaboration will standardize and automate Massmart's finance and accounting services, including accounts payable and receivable, enhancing real-time visibility and transparency. Genpact will establish finance delivery centers in Johannesburg and Durban, South Africa, transferring affected Massmart employees to its team. This partnership builds on Genpact's relationship with Walmart, Massmart's majority owner, focusing on operational excellence and efficient finance processes.
Genpact (NYSE: G) has been recognized as a Leader in all categories of the NelsonHall Vendor Evaluation & Assessment Tool for Managed Services in the Financial Services sector. The report highlights Genpact's robust managed services across geographies and transformation-as-a-service capabilities, enabling clients to adopt automation swiftly. Key strengths noted include Genpact's AI products, LEAN techniques, and extensive consulting and technology delivery expertise, supporting banks in their digital transformation journey.
Genpact (NYSE: G) will announce its fourth-quarter and full-year results for the year ended December 31, 2020, after U.S. market close on February 9, 2021. The management will host a conference call at 4:30 p.m. ET to discuss the financial performance. Callers can participate via designated numbers, and a live webcast will be available on Genpact’s Investor Relations website. Genpact specializes in digital transformation and intelligent operations for Global Fortune 500 companies, aiming to improve business outcomes through innovation.
Genpact (NYSE: G) has acquired Enquero, a data engineering and digital transformation firm, enhancing its data analytics capabilities. This acquisition aims to empower Genpact to better serve clients facing increasing data complexity and demand for digital transformation. Enquero's expertise will augment Genpact's existing strengths in sectors like high tech and consumer goods. CEO Tiger Tyagarajan expressed confidence in the enhanced ability to drive client success in volatile markets. The terms of the acquisition were not disclosed, but the integration will see all Enquero employees join Genpact.
Genpact (NYSE: G) and The LIVEKINDLY Collective are utilizing cloud technology and predictive analytics to enhance operations and accelerate growth in the plant-based food sector. This partnership aims to foster a sustainable global food system through an agile, data-driven approach. By integrating advanced technologies, LIVEKINDLY Collective can improve customer engagement and streamline its supply chain. Notably, Genpact delivered an end-to-end infrastructure in just six months, allowing for rapid scalability and adaptation within a challenging market.
Tiger Tyagarajan, CEO of Genpact, has joined over 70 CEOs in the Catalyst CEO Champions For Change initiative, highlighting advancements in women's leadership. The latest Catalyst report reveals that participating companies, with over 10 million employees and $3 trillion in revenue, exceed global averages in female representation: 27% in executive roles, 29.5% in senior management, and 39.3% in managerial positions.
Genpact has increased women in senior leadership from 7% in 2013 to 22% today. The firm is committed to diversity, equity, and inclusion, with various programs aimed at fostering women's advancement in leadership.
Genpact (NYSE: G) will have its CFO, Ed Fitzpatrick, present at the virtual J.P. Morgan Ultimate Services Investor Conference on November 19, 2020, at 2:05 pm ET. The presentation is expected to last around 30 minutes and will be available for replay on Genpact's investor relations website for 30 days following the event. Genpact specializes in business transformation and provides digital-led innovation and intelligent operations, primarily for Global Fortune 500 companies, utilizing their AI-based platform, Genpact Cora.
Genpact (NYSE: G) has achieved CMMI V2.0 Maturity Level 5, recognizing its excellence in digital transformation services. This appraisal confirms Genpact's advanced technology capabilities and domain expertise, enhancing its service delivery. Approximately 30 companies globally have reached this level, which signifies optimizing processes based on quantitative performance data. The achievement is expected to improve client satisfaction and operational efficiency, showcasing Genpact's commitment to innovation in technology services.
Genpact Limited (NYSE: G) reported its Q3 2020 financial results, revealing a total revenue of $936 million, a 5% year-over-year increase. Revenue from Global Clients climbed 7% to $824 million, while revenue from GE fell 8% to $111 million. Net income was $85 million, down 3%, with an earnings per share of $0.43, down 4%. Genpact raised its full-year revenue outlook to $3.68 to $3.695 billion, projecting a growth of 4.5% to 5%.
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