Genpact ( (G) ) has released its Q4 earnings. Here is a breakdown of the information Genpact presented to its investors.
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Genpact is a global professional services and solutions firm specializing in digital operations, data, technology, and AI, serving top enterprises worldwide. The company recently reported robust financial results for 2024, highlighted by a 6.5% increase in net revenues, reaching $4.77 billion. This growth was driven by its Data-Tech-AI and Digital Operations segments, which saw revenue increases of 6.9% and 6.1%, respectively. Despite a decrease in diluted EPS by 16%, the adjusted diluted EPS rose by 10%, reflecting the company’s strategic focus on enhancing profitability.
In 2024, Genpact achieved significant milestones, including record new bookings of $5.7 billion, a 15% increase from the previous year, and a substantial increase in cash generated from operations by 25%. The company also boosted its quarterly dividend by 11% and expanded its share repurchase program by $500 million, signaling confidence in its financial stability and commitment to returning value to shareholders.
The fourth quarter of 2024 saw an impressive 8.9% year-over-year increase in net revenues, reaching $1.25 billion. Data-Tech-AI revenues grew by 11.9%, while Digital Operations revenues rose by 6.4%. However, net income for the quarter dropped by 51% compared to the previous year, influenced by various operational and market factors. Nonetheless, the adjusted diluted EPS for the quarter grew by 11% year-over-year, supported by strategic improvements in operations.
Looking ahead, Genpact anticipates continued growth in 2025, forecasting net revenues between $5.029 billion and $5.125 billion, representing a growth rate of 5.5% to 7.5%. The company aims to maintain a gross margin of around 36% and projects an adjusted diluted EPS between $3.52 and $3.59. Genpact remains focused on leveraging its expertise in AI-driven transformation to drive superior client value and strengthen its leadership position in the industry.
