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.
Genpact (NYSE: G) will have CEO "Tiger" Tyagarajan at the J.P. Morgan Global Technology, Media, and Communications Conference on May 25, 2021, starting at 11:45 a.m. Eastern Time. The discussion is expected to last about 35 minutes. A live audio webcast and its replay will be accessible for 30 days on the Genpact Investor Relations website. Genpact is a global professional services firm focused on digital-led innovation and intelligent operations. Their mission is to transform business processes for clients, including many from the Fortune 500.
Genpact (NYSE: G), EdCast, and Positive Planet US have partnered to enhance the Adapt and Rise e-learning platform, aimed at supporting under-resourced entrepreneurs. This collaboration will provide essential business skills and training to spur economic revival in communities. The platform, opened to the public in 2020, has logged over 10 million learning hours, featuring courses on AI, change management, and business operations. Positive Planet US adds new content tailored for entrepreneurs, emphasizing the importance of continuous learning in today's digital economy.
Genpact Limited (NYSE: G) reported strong financial performance for Q1 2021, with total revenue reaching $946 million, a 2.5% year-over-year increase. Revenue from Global Clients was $853 million, up 6%. Despite a 24% decline in revenue from GE, the company saw a net income rise of 7% to $91 million. Adjusted diluted EPS improved by 11% to $0.59. Genpact anticipates annual revenue between $3.93 to $3.99 billion and adjusted diluted EPS of $2.27 to $2.30, reflecting positive growth outlook. The firm also repurchased shares worth $134 million during the quarter.
Genpact Limited (NYSE: G) has declared a cash dividend of $0.1075 per common share for the second quarter of 2021. This dividend is payable on June 23, 2021 to shareholders on record as of the close of business on June 11, 2021. Future dividends will be determined at the discretion of the board. This announcement reflects Genpact's commitment to returning value to shareholders amidst ongoing digital transformation efforts.
Genpact (NYSE: G) has partnered with Fast Company to enhance the World Changing Ideas (WCI) platform, focusing on digital transformation. This year, Genpact will assist one winning organization with a 'digital makeover' aimed at amplifying its societal impact. Together, they will select an honoree from Fast Company's 2021 awards to undergo this transformation, which will be documented across various media platforms. Both organizations emphasize the pivotal role of technology in driving meaningful change in the current landscape.
Genpact (NYSE: G) has been recognized as a leader in the Forrester Wave™: Insights-driven Business Process Outsourcing, Q4 2020 report. The firm received the highest scores in eight criteria, including vision and partner ecosystem. Forrester highlighted Genpact's capabilities in advanced analytics and automation, praising its ability to deliver insights as a service. Genpact's digital platform, Genpact Cora, along with strong client engagements, showcases its commitment to driving digital transformation for Global Fortune 500 companies.
Genpact (NYSE: G) will announce its first-quarter results for the period ending March 31, 2021, on May 10, 2021, after U.S. market close. Following this, a conference call will occur at 4:30 p.m. ET to discuss performance. Interested participants can dial in or join via a live webcast on Genpact's Investor Relations website. This earnings call is vital for investors seeking to understand Genpact's financial health and future outlook.
Genpact (NYSE: G) announced the appointment of Tamara Franklin, former Chief Digital, Data, and Analytics Officer at Marsh LLC, to its Board of Directors, effective March 29, 2021. Franklin's extensive experience in digital transformation and leadership roles at IBM and Scripps Networks Interactive is expected to enhance Genpact's strategic initiatives. Chairman Jim Madden and CEO Tiger Tyagarajan expressed optimism about her contributions, emphasizing her expertise in driving innovation and client experience.
On March 24, 2021, Genpact (NYSE: G), alongside the Creative Destruction Lab Rapid Screening Consortium and the COVID Collaborative, launched the U.S. Rapid Action Consortium. This initiative aims to fast-track safe, cost-effective COVID-19 testing to facilitate business reopenings. The Consortium publicizes its findings and testing protocols to support workplaces across the U.S., inspired by a successful Canadian model. The first cohort of participating companies is set to commence on April 5, 2021, amid rising urgency for systematic rapid testing as the economy faces significant losses.
Genpact Limited (NYSE: G) announced a $350 million public offering of 1.750% senior notes due 2026, priced by its subsidiaries, Genpact Luxembourg and Genpact USA. The offering is expected to close on March 26, 2021, pending customary conditions. The proceeds may be used for general corporate purposes, including repaying existing debt. The offering is part of an effective shelf registration with the SEC. Genpact emphasizes its commitment to digital transformation and innovation across its operations, serving numerous Global Fortune 500 clients.
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