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) delivers transformative business solutions through digital innovation and process excellence. This news hub provides investors and professionals with essential updates about the company's strategic initiatives, operational developments, and market leadership in business process management.
Access real-time announcements including quarterly earnings disclosures, partnership agreements, technology implementations, and corporate governance updates. Our curated collection ensures you stay informed about Genpact's progress in key focus areas like Data-Tech-AI integration, enterprise transformation projects, and industry-specific solutions across banking, healthcare, and manufacturing sectors.
Discover press releases detailing operational milestones, executive leadership changes, and client success stories. The archive serves as a vital resource for tracking Genpact's commitment to enhancing business agility through intelligent automation and process optimization strategies.
Bookmark this page for continuous access to verified corporate communications and analysis of Genpact's evolving role in shaping digital-first enterprise operations worldwide.
Genpact has announced a strategic partnership with Donegal Insurance Group to enhance the efficiency of its commercial lines underwriting operations using Guidewire Software. The collaboration aims to streamline processes, reduce costs, and improve user and customer experiences. Genpact's platform advisory team is helping Donegal maximize its Guidewire platform to address challenges such as rising customer expectations and complex data management.
The partnership is expected to yield significant results, including increased underwriting availability and improved straight-through processing rates. By reducing manual processes and optimizing workflows, Donegal is modernizing its operations to streamline underwriting and reduce error rates. This collaboration showcases how advanced technologies and industry expertise can transform traditionally manual and complex processes like underwriting.
Genpact (NYSE: G) has been recognized on TIME's World's Best Companies 2024 and America's Best Midsize Companies 2024 lists, highlighting its commitment to employee satisfaction, revenue growth, and sustainability excellence. The rankings, produced in partnership with Statista, are based on comprehensive evaluations across these three critical dimensions.
Balkrishan "BK" Kalra, President and CEO of Genpact, emphasized the company's focus on harnessing advanced technologies while nurturing an empowered workforce. The company's people-first culture and dedication to data, technology, and AI-led innovation aim to create a better future for clients, shareholders, talent, and communities.
In addition to the TIME recognitions, Genpact has received several other prestigious awards, including:
- Forbes World's Best Management Consulting Firms 2024
- Ranked #2 in customer satisfaction, WSJ Management Top 250
- Forbes Best Employers for Women 2024
- Forbes World's Best Employers 2024
- #5 in '50 Best Firms for Data Scientists to Work For 2024' by Analytics India Magazine
- 2024 World's Most Ethical Companies by Ethisphere
Genpact (NYSE: G) has been named a Leader in the IDC MarketScape: Worldwide Enterprise Analytics and AI Business Process Services for Finance and Accounting 2024 Vendor Assessment. This recognition highlights Genpact's strengths in delivering F&A analytics and AI capabilities, emphasizing its breadth of services including functional analytics and AI solutions.
The IDC MarketScape report praised Genpact's comprehensive range of services, including information/data architecture, business data warehousing, data management, cloud enablement, BI tools implementations, big data services, and data strategy. Genpact was chosen for its track record of demonstrated results, competitive pricing, and commitment to SLAs. The company's scale of cloud BPO business, collaborative approach, and automation capabilities were also noted as differentiating factors.
Genpact (NYSE: G) has been named a Leader in Everest Group's inaugural Life Sciences Digital Services for Mid-Market Enterprises 2024 PEAK Matrix® Assessment. This recognition highlights Genpact's expertise in delivering innovative solutions to mid-market life sciences companies. The assessment evaluated 26 global providers based on vision, capability, and market impact.
Genpact's leadership is underpinned by excellence in key services, including:
- Data Analytics and Insights: AI-powered analytics for better decision-making
- Supply Chain Resilience: Optimizing the entire value chain
- Regulatory Compliance: Navigating regulatory complexity
- Patient-Centric Experiences: Enhancing patient engagement and outcomes
This recognition validates Genpact's commitment to improving global health by accelerating time-to-market for drugs and devices.
Genpact (NYSE: G) and STADA (SAZ.DE) have renewed their multi-year partnership to enhance STADA's finance operations. The collaboration aims to derisk, scale, and simplify STADA's financial processes, driving competitive advantages. Since 2019, Genpact has leveraged automation and process-harmonization to improve STADA's critical operations, implementing technologies like Genpact's Cora APFlow.
The partnership has enhanced accuracy in accounts payable and receivable, improved data transparency, and allowed STADA's teams to focus on strategic initiatives. Genpact's expertise has been important in optimizing STADA's finance and procurement processes, from supplier invoicing to financial reporting. The companies are also collaborating on implementing advanced tools like S4HANA and generative AI.
Genpact (NYSE: G), a global professional services firm, has been named to Forbes' 'World's Best Management Consulting Firms' list for 2024. This marks the third time Genpact has received this recognition, highlighting its commitment to delivering transformative outcomes for clients. The list, compiled in collaboration with Statista Inc., is based on an extensive survey of 8,500 consultants and clients worldwide.
Genpact's inclusion underscores its strong industry reputation and expertise in leveraging data, technology, and AI to drive significant value and growth for clients. The company's focus on client-centricity and ability to deliver business outcomes that shape the future were key factors in this recognition. Genpact's solutions span 13 diverse industries and 14 functional areas, driving operational excellence, enhancing customer experience, and unlocking new growth opportunities.
Genpact (NYSE: G) has announced that its Chief Financial Officer, Mike Weiner, will be presenting at the Citi Global TMT Conference on Wednesday, September 4, 2024, at 3:00 p.m. Eastern Time. This presentation will be webcast live through Genpact's Investor Relations website at www.genpact.com/investors.
For those unable to attend or watch the live presentation, a replay will be available after the event concludes. The replay will remain accessible until September 5, 2025, providing ample time for interested parties to review the presentation at their convenience.
Genpact (NYSE: G) has been named a Leader in the HFS Research Supply Chain Services 2024 Horizon assessment. The report highlights Genpact's innovation in supply chain strategy, combining practical experience with expertise in leading supply chain technology solutions. Genpact's service capability manages both forward and after-sales supply chain services through an outcome-driven model, potentially boosting client revenue by up to 45%.
Key strengths include partnerships with AWS and Salesforce, enhancing Genpact's supply chain tools, as well as its data management, AI-powered enterprise planning control towers, and predictive analytics. The company is recognized for implementing robust risk management, sustainable practices, and enhanced visibility to respond swiftly to unforeseen events. Genpact's approach to expanding capabilities and dedication to sustainability positions it as a leader in driving next-generation supply chain innovations.
Genpact (NYSE: G) announced its Q2 2024 financial results, highlighting a total revenue of $1.18 billion, up 6% year-over-year.
Key metrics include:
- Diluted EPS of $0.67, up 6%
- Adjusted Diluted EPS of $0.79, up 10%
- Gross profit of $416 million, up 7%
- Net income of $122 million, up 5%
- Cash flow from operations of $209 million, up from $171 million in Q2 2023
Genpact also repurchased 1.9 million shares amounting to $63 million.
The company increased its full-year revenue guidance to a range of $4.656 billion to $4.701 billion, reflecting a 4% to 5% growth.
Genpact (NYSE: G) has announced its integration with Salesforce Data Cloud to offer AI-driven industry-specific cloud solutions. This partnership aims to transform operations and drive competitive advantages for enterprises by combining Genpact's AI and industry expertise with Salesforce's data management capabilities. The integration addresses issues related to disconnected and unstructured data, including quality, accessibility, and scalability.
Key benefits include:
- Improved decision-making and optimized operations
- Breaking down data silos
- Gaining real-time insights
- Delivering personalized experiences at scale
Genpact has also launched a comprehensive training program for its employees on Salesforce's Einstein AI and Data Cloud platforms to enhance skills and boost innovation.
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