Genpact Limited provides business process outsourcing and information technology (IT) management services worldwide. The company offers finance and accounting services that include accounts payable services comprising document management, invoice processing, approval, and resolution management solutions; order to cash services, such as customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services consisting of closing and reporting, treasury, tax, financial planning and analysis, and product cost accounting services; and enterprise risk and compliance services comprising risk, SOX advisory, enter...
22 Victoria Street
Hamilton, HM 12
Founded in 1997
Genpact Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Earnings Guidance for the Year 2016
Aug 3 16
Genpact Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company net reported revenues of $630.523 million compared to $609.532 million a year ago. Net income from operations was $79.940 million compared to $89.353 million a year ago. Income before income tax expense was $79,744,000 compared to $77,905,000 a year ago. Net income available to the company’s common shareholders was $65.231 million compared to $62.701 million a year ago. Diluted earnings per common share attributable to company’s common shareholders were $0.31 compared to $0.28 a year ago. Adjusted income from operations was $94,220,000 against $100,598,000 a year ago. Adjusted net income was $76,216,000 or $0.36 per diluted share against $71,702,000 or $0.32 per diluted share a year ago.
For the six months, the company reported net revenues of $1,240.226 million compared to $1,196.685 million a year ago. Net income from operations was $155.562 million compared to $163.403 million a year ago. Income before income tax expense was $150,263,000 compared to $133,620,000 a year ago. Net income available to the company’s common shareholders was $123.796 million compared to $107.354 million a year ago. Diluted earnings per common share attributable to company’s common shareholders were $0.58 compared to $0.48 a year ago. Net cash provided by operating activities was $79,188,000 against $114,580,000 a year ago. Purchase of property, plant and equipment was $46,595,000 against $30,172,000 a year ago. Adjusted income from operations was $179,602,000 against $184,453,000 a year ago. Adjusted net income was $142,464,000 or $0.67 per diluted share against $124,633,000 or $0.56 per diluted share a year ago.
For the year ending December 31, 2016, the company expects diluted EPS between $1.23 and 1.25 and adjusted diluted EPS between $1.40 and 1.42. Total revenue for 2016 to be $2.59 to $2.62 billion (including an assumed adverse foreign exchange impact of $41 million, almost all of which is reflected in Global Client revenue), which represents a growth range of 5% to 6%, or 7% to 8% on a constant currency basis.
Genpact Establishes Operations in Kuala Lumpur
Jul 11 16
Genpact has established operations in Malaysia's capital city of Kuala Lumpur, further strengthening its footprint in Asia, with the plan to provide finance and accounting (F&A), sourcing, and procurement services for a growing number of clients at this site. This will help Genpact deliver more holistic finance solutions to clients based on its Lean DigitalSM approach that leverages the power of digital
technologies through middle and back office operations.
Genpact Limited to Report Q2, 2016 Results on Aug 03, 2016
Jul 8 16
Genpact Limited announced that they will report Q2, 2016 results at 5:00 PM, Indian Standard Time on Aug 03, 2016