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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) announced the acquisition of Something Digital to enhance its experience business under Rightpoint. This acquisition aims to integrate Something Digital's strong e-commerce expertise with Rightpoint's customer experience capabilities, driving experience-led transformation for various industries. With consumer commerce spending up 44.5% year-over-year, this strategic move positions Genpact to capitalize on the growing digital commerce landscape, enabling better B2B and B2C solutions. Being a Gold Adobe Solution Partner further strengthens Rightpoint's market position.
Genpact (NYSE: G) will announce its third-quarter earnings results for the period ending September 30, 2020, on November 2, 2020, after U.S. market close. CEO and management will host a conference call at 4:30 p.m. ET the same day to discuss performance details. Investors can access the call by dialing the provided numbers or via a live webcast on the Genpact Investor Relations website. The event will be archived for later listening. The company emphasizes its role in driving digital-led innovation and intelligent operations for clients globally.
On August 19, 2020, Genpact (NYSE: G) was awarded the 2020 ATD BEST Award for its excellence in talent development, competing against 185 organizations. This prestigious accolade signifies Genpact's commitment to innovative learning strategies and employee development, which contribute to tangible business impacts. The company’s learning platform, Genome, empowers employees to enhance their current skills and prepare for future roles. According to Indira Sovakar, this award highlights Genpact's effectiveness as a partner in accelerating clients' transformation journeys.
Genpact Limited (NYSE: G) announced its Q2 2020 financial results, reporting total revenue of $900 million, a 2% increase year-over-year. Revenue from Global Clients reached $783 million, up 3%, while revenue from GE declined by 2% to $117 million. Net income fell by 16% to $62 million, with a margin of 6.9%. Adjusted diluted EPS increased by 6% to $0.52. The company provided a full-year revenue guidance of $3.63 to $3.67 billion, reflecting a growth of 3% to 4%. Cash generated from operations improved to $192 million compared to $126 million in Q2 2019.
Genpact (NYSE: G) and Deloitte have formed a strategic alliance aimed at enhancing business transformation and resilience for clients. This partnership combines Genpact's capabilities in intelligent operations with Deloitte's consulting expertise, providing tailored end-to-end solutions that focus on critical areas such as finance, supply chain, and procurement. The collaboration intends to help clients accelerate their digital transformation journeys and improve enterprise value without needing to build solutions independently. Notably, the alliance has been recognized for excellence in strategic partnerships.
Genpact (NYSE: G) and AppZen have announced a partnership to enhance travel and expense (T&E) audit processes through a regulatory compliance-as-a-service (RCaaS) solution. This collaboration aims to automate T&E audits, allowing finance teams to identify discrepancies in near real time, thereby improving regulatory compliance and reducing fraud risks. The integration of AppZen's AI software with Genpact's expertise streamlines finance operations, providing businesses with faster financial insights and significant cost savings during the challenging economic environment.
Genpact Limited (NYSE: G) has declared a cash dividend of $0.0975 per common share for Q3 2020, payable on September 23, 2020. Shareholders of record as of the close of business on September 11, 2020 will be entitled to this dividend. Future dividends will be determined at the discretion of the board of directors. The announcement highlights Genpact's commitment to returning value to shareholders amid the impacts of the ongoing COVID-19 pandemic.
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