Overview
Genpact Q2 revenue grows 6.6% yr/yr, beating analyst expectations, per LSEG data
Adjusted EPS for Q2 rises 11.4%, beating consensus, per LSEG data
Co repurchased 700,000 shares for $30 mln
Outlook
Genpact expects Q3 revenue between $1.258 bln and $1.270 bln
Company forecasts full-year revenue of $4.958 bln to $5.053 bln
Genpact anticipates Q3 adjusted EPS of $0.89 to $0.90
Company sees full-year adjusted EPS of $3.51 to $3.58
Result Drivers
ADVANCED TECHNOLOGY SOLUTIONS - Revenue rose 17.3%, driven by demand for AI and digital technology services
DATA-TECH-AI GROWTH - Segment revenue increased 9.7%, contributing to nearly half of total net revenues
CORE BUSINESS SERVICES - Revenue increased 3.8%, reflecting steady demand for decision support and technology services
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $1.25 bln | $1.23 bln (8 Analysts) |
Q2 Adjusted EPS | Beat | $0.88 | $0.86 (9 Analysts) |
Q2 EPS | $0.75 | ||
Q2 Net Income | $133 mln | ||
Q2 Adjusted Income From Operations | Beat | $217 mln | $213 mln (7 Analysts) |
Q2 Income From Operations | $179 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Genpact Ltd is $50.00, about 15.6% above its August 6 closing price of $42.20
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nPn6Ns4f9a
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)