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 reports news on agentic and advanced technology solutions for enterprise operations, combining process intelligence, artificial intelligence, data capabilities and domain expertise. Company updates commonly cover quarterly results, Advanced Technology Solutions growth, Core Business Services, client operating-model transformation and management presentations at technology and investor conferences.
Recurring developments also include alliances and platform work with technology partners, including agentic AI solutions for finance workflows, ServiceNow consulting and implementation, web intelligence tools for regulated industries, and research on enterprise AI adoption. Genpact also announces capital-return actions such as quarterly cash dividends.
Genpact (NYSE: G) reported strong financial results for 2024, with net revenues reaching $4.77 billion, up 6.5% year-over-year. Data-Tech-AI revenues grew 6.9% to $2.23 billion, while Digital Operations revenues increased 6.1% to $2.53 billion.
The company achieved record new bookings of $5.7 billion, up 15% from 2023. While diluted EPS decreased 16% to $2.85, adjusted diluted EPS rose 10% to $3.28. Cash generated from operations improved 25% to $615 million.
Looking ahead to 2025, Genpact projects net revenues between $5.029-5.125 billion, representing 5.5-7.5% growth. The company increased its quarterly dividend by 11% to $0.17 per share and approved a $500 million increase to its share repurchase authorization.
Genpact (NYSE: G) has announced the launch of Service-as-Agentic-Solutions, marking a significant shift from traditional service delivery to autonomous agent-led operations. The initiative features AI agents trained with industry-specific semantic layers, enabling autonomous decision-making based on real-world feedback.
The solution focuses on three key areas: mass personalization through modular design, precision through industry-specific knowledge integration, and responsible AI deployment with built-in guardrails and human oversight. The company has introduced its first Agentic Solution, 'Genpact AP Capture,' designed to modernize Accounts Payable operations through enhanced invoice extraction capabilities.
This launch follows the introduction of Genpact AI Gigafactory, an AI accelerator platform, demonstrating the company's commitment to advancing AI implementation in enterprise operations.
Genpact (NYSE: G) has been named a Horizon 3 Market Leader in the HFS Horizons: Generative Enterprise Services 2025 report. The recognition highlights Genpact's ability to deliver value to enterprise clients adopting AI and advanced technologies. The report, which evaluated 40 service providers, emphasizes Genpact's AI Factory (recently announced as the Genpact AI Gigafactory), a pioneering AI accelerator designed to help enterprises scale AI solutions from pilot to production.
The HFS report identifies key business trends including Agentic AI, Services-as-Software, and AI-driven ecosystems. Genpact's approach combines domain knowledge with cutting-edge innovation, positioning the company as a trusted leader in generative enterprise services. The evaluation was based on providers' value propositions, execution, innovation, go-to-market strategies, and market impact using HFS's proprietary criteria.
Genpact (NYSE: G) has launched the AI Gigafactory, an AI accelerator designed to help enterprises scale AI solutions from pilot to production. This initiative addresses the growing demand for enterprise-wide AI adoption while managing governance challenges. According to Genpact's research with HFS, only 5% of enterprises have achieved full AI maturity.
The AI Gigafactory offers three key components: Scalable AI Solutions with pre-built AI and generative models, a Multidisciplinary Approach using pod delivery and cross-functional teams, and a Responsible AI-First Approach with risk framework and ethical design tools. The company aims to create a pool of over 25,000 AI builders through tech-partner certification programs.
Through strategic collaboration with Databricks, Genpact's AI Gigafactory integrates the Finance Data Hub with Databricks Data Intelligence Platform to enhance financial data utilization.
Genpact (NYSE: G) has announced it will release its financial results for Q4 and full year 2024 after U.S. market close on Thursday, February 6, 2025. The company's management will host a conference call at 5:00 p.m. ET to discuss performance.
Participants can register in advance to receive dial-in details and a unique PIN. A live webcast will be available on Genpact's Investor Relations website, with a replay and transcript posted after the call.
Genpact (NYSE: G) has announced a multi-year partnership with BJ's Wholesale Club to enhance operational efficiency and support growth initiatives. The collaboration encompasses expertise across finance and accounting, indirect procurement, HR, merchandising, and other support functions.
The partnership leverages ServiceNow as the core platform for managing and integrating workflows, focusing on strategic technology investments and optimized operations. Genpact will apply its expertise in finance and accounting, digital adaptations, and data-driven process governance to position BJ's for long-term success through continuous innovation.
Genpact has announced a multi-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to accelerate AI adoption across business functions. The partnership aims to democratize AI capabilities beyond IT departments, making advanced technologies accessible to various business leaders including CFOs and COOs.
As an AWS Premier Tier Services Partner with nearly 1,000 certified AWS professionals, Genpact offers several solutions through AWS Marketplace, including ContactUs.Ai, Property Contents Claim solution, and riskCanvas Discovery. The collaboration has already shown success with Revol One Financial, which became a fully cloud-native fixed-annuity provider through this partnership.
Genpact (NYSE: G) has announced the extension of its partnership with Ferring Pharmaceuticals through a renewed multi-year agreement. The collaboration focuses on transforming Ferring's finance, accounting, and procurement operations using advanced technologies, including AI. Genpact will continue to streamline workflows, optimize resource allocation, and enhance financial transactions by automating key processes through partnerships with Xelix and Blackline. The partnership, which already encompasses over 40 digital transformation projects, aims to deliver operational savings and enable Ferring to respond quickly to market demands.
Genpact (NYSE: G) has been named a Leader in the 2024 Everest Group Procurement Outsourcing Services PEAK Matrix® Assessment for the fourth consecutive year. The recognition highlights Genpact's excellence in source-to-pay (S2P) services, innovation in advanced technologies including generative AI, and strategic partnerships with technology providers.
The company was evaluated among 24 global PO service providers and recognized for its comprehensive procurement solutions, including sourcing and category management, integrated procure-to-pay models, and advisory services. Genpact's strengths include deep domain expertise, advanced technologies, and a strong digital ecosystem through third-party partnerships. The company continues to expand its delivery presence across the US, Bulgaria, and the Philippines while integrating generative AI and automation across S2P processes.
Genpact (NYSE: G) has been named to Forbes' World's Best Employers 2024 list for the fourth consecutive year. This recognition highlights the company's commitment to creating a positive workplace culture focused on employee engagement, well-being, and continuous learning. The selection process involved a comprehensive survey of over 300,000 employees across 50+ countries, evaluating factors such as salary, talent development, and remote work options.
President and CEO Balkrishan 'BK' Kalra emphasized the company's increased investment in people development, particularly in areas of advanced technologies and AI. The company has also received several other notable recognitions, including listings on TIME's World's Best Companies 2024 and Forbes' Best Management Consulting Firms 2024.