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GENPACT LIMITED - G STOCK NEWS

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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.

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Genpact and ServiceNow have expanded their partnership to deliver Source-to-Pay applications across finance and supply chain operations, leveraging AI capabilities to accelerate team productivity, simplify user experience, and increase cost efficiency. Leading organizations like Dropbox are already reaping the benefits of this solution, transforming their procurement, sourcing, and case management operations.
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Genpact (NYSE: G) and Advantage Solutions (NASDAQ: ADV) announced a new multi-year engagement to combine their expertise in data, technology, and AI with consumer goods industry experience to drive scalable innovation and enhanced experiences. The partnership aims to create a new enterprise-wide technology platform with Salesforce to foster competitive advantages and growth for global consumer goods companies. Genpact will lead the implementation of industry-leading platforms to streamline processes, reduce complexities and expenses, and enhance collaboration and efficiency across organizations.
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Genpact (G) has been recognized as the 'Sustainable Corporate of the Year' in the services vertical for the second consecutive year by Frost & Sullivan. The company's commitment to sustainability is driven by AI, technology, and measurement practices, leading to significant reduction in emissions and energy consumption. Genpact's AI-first approach has enabled the tracking and reporting of carbon footprints, as well as the creation of data-driven solutions to improve sustainability outcomes. The company has also integrated its digitalization initiatives with sustainability strategies, showcasing world-class examples of embedding sustainable practices. As of 2022, Genpact has achieved a 36% reduction in Scope 1 and 2 emissions globally, and a 23% decline in water and energy consumption compared to 2017.
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Genpact (G) to Announce Q4 and Full Year 2023 Results on February 8, 2024
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Rightpoint (NYSE: G) joins Epic's Unreal Engine Service Partner Program, showcasing expertise in 3D creation tools for gaming, automotive, and next-gen eCommerce. The company's recognition solidifies its Total Experience approach and commitment to delivering exceptional solutions powered by VR and AR.
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Genpact (NYSE: G) appoints Krista Bessinger as Head of Investor Relations and Caitlin Blewett as Chief Marketing Officer to drive growth through data, technology, and AI.
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Genpact (NYSE: G) partners with Amazon Web Services (AWS) and Amazon Business to introduce advanced pricing automation workflow integrating generative AI, reducing claims submission process from weeks to days.
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Genpact (G) unveils FMOps playbook with Nasscom, providing guidelines for building ethical and scalable generative AI solutions. The playbook outlines operational benefits, distinctions of generative AI, LLMOps, and MLOps, and steps for successful implementation.
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Genpact (G) recognized for the second consecutive year in Forbes' 'World's Best Management Consulting Firms 2023' list. The company received this recognition based on a rigorous evaluation process conducted by Forbes and Statista Inc across 40 countries and 13 industries. Genpact has also received other recent awards, including being named a top data science service provider, market leader in digital marketing and sales services, and leader in banking operations and supply chain management services.
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Genpact (NYSE: G) announces CEO succession plan, Tiger Tyagarajan to retire, BK Kalra to assume CEO role. The company's Board has appointed Balkrishan 'BK' Kalra, Genpact's Global Business Leader, Financial Services and Consumer & Healthcare, as Genpact's next CEO. Kalra will join the company's Board on February 9, 2024. Tyagarajan will continue as a member of the Board of Directors. The announcement comes alongside the Q3 2023 financial results.
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FAQ

What is the current stock price of GENPACT (G)?

The current stock price of GENPACT (G) is $46.19 as of November 22, 2024.

What is the market cap of GENPACT (G)?

The market cap of GENPACT (G) is approximately 8.2B.

What does Genpact Limited do?

Genpact Limited provides professional services and digital transformation solutions across various industries, leveraging advanced technologies like AI and analytics.

How many employees does Genpact have?

Genpact has over 125,000 employees operating in more than 30 countries.

What are some recent achievements of Genpact?

Recent achievements include strategic partnerships with Advantage Solutions and Tropicana Brands Group, and recognition as a Leader in Everest Group’s PEAK Matrix® Assessment for financial crime and compliance.

What is Genpact Cora?

Genpact Cora is the company's digital business platform that integrates AI and analytics to streamline operations and enhance decision-making.

Who are some of Genpact’s clients?

Genpact's clients include more than one-fourth of the Fortune Global 500, covering sectors such as banking, insurance, healthcare, and consumer goods.

What are Genpact’s financial highlights for 2023?

For the fiscal year ending December 31, 2023, Genpact reported annual revenue of $4.5 billion, a 2% increase year-over-year.

Where is Genpact headquartered?

Genpact’s corporate office is located in New York City, with key management spread across various global locations.

What is the purpose of Genpact’s recent $400 million notes offering?

The $400 million notes offering is intended for general corporate purposes, including the repayment of existing debt.

What industries does Genpact serve?

Genpact serves industries including banking and financial services, insurance, capital markets, consumer product goods, life sciences, infrastructure, manufacturing, healthcare, and high-tech.

What recognition has Genpact received for its services?

Genpact has been recognized as a Leader in Everest Group’s PEAK Matrix® Assessment for financial crime and compliance for the fourth consecutive year.

GENPACT LIMITED

NYSE:G

G Rankings

G Stock Data

8.15B
161.74M
1.06%
102.88%
2.95%
Information Technology Services
Services-management Consulting Services
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United States of America
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