Genpact ( (G) ) has released its Q3 earnings. Here is a breakdown of the information Genpact presented to its investors.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
