Genpact’s Strong Q3 2024 Performance and Growth Outlook
Company Announcements

Genpact’s Strong Q3 2024 Performance and Growth Outlook

Genpact ( (G) ) has released its Q3 earnings. Here is a breakdown of the information Genpact presented to its investors.

Genpact is a global professional services and solutions firm specializing in data, technology, and AI-driven transformations for leading enterprises, including Fortune Global 500 companies.

In its third quarter of 2024, Genpact reported a total revenue of $1.21 billion, marking a 7% increase from the previous year. The company’s diluted earnings per share rose by 16% to $0.74, while adjusted diluted earnings per share increased by 12% to $0.85.

The company’s revenue growth was primarily fueled by strong performances in its Data-Tech-AI segment, which saw a 9% increase, and its Digital Operations segment, which grew by 5%. Genpact’s net income also experienced a notable rise, increasing by 13% to $133 million. Additionally, the firm repurchased approximately 1.9 million shares for $75 million during the quarter.

Looking ahead, Genpact has adjusted its revenue growth guidance for 2024 to 6%, up from 2% the previous year. The company remains focused on leveraging its expertise in AI and advanced technologies to continue delivering superior client value.

Related Articles
TheFlyGenpact sees Q4 revenue $1.222B-$1.233B, consensus $1.19B
TheFlyGenpact sees Q4 adjusted EPS $3.23-$3.24, consensus $3.15
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App