Record Revenue and EPS Growth
Genpact delivered $1.215 billion in total revenues for Q1, up 8.3% year-over-year in constant currency, above the high-end of guidance. Adjusted EPS grew 16% year-over-year to $0.84.
Strong Performance in Data-Tech-AI
Data-Tech-AI revenue increased by 12% year-over-year in constant currency. Genpact now has over 215 Gen AI solutions in production, with revenues nearly doubling from Q4.
Improved Operating Metrics
Gross margin expanded by 30 basis points to 35.3%, and adjusted operating income margin expanded by 120 basis points to 17.3%.
Partner-Related Revenue Surge
Partner-related revenue increased by 80% year-over-year and more than 10% quarter-over-quarter, representing 10% of total revenues.
Strong Pipeline and Client Engagement
Pipeline is at an all-time high, with large deals up more than 80% year-over-year, showcasing strong long-term demand.