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Additional Information
Market: NYSE
Sector: Business Support Services
EPIC: G
Latest Price: 16.36  (-0.06% Descending)
52-week High: 17.83
52-week Low: 13.61
Market Cap: 3,646.18M
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Genpact Limited
www.genpact.com/home.aspx
Genpact Limited (Genpact) manages business processes, offering a portfolio of enterprise and industry-specific services. The Company manages over 3,000 processes for more than 400 clients worldwide. The Company combines its process capability, information technology capability and analytical capabilities, to provide a range of services using its global delivery platform. It manages a range of business processes that address the transactional, managerial, reporting and planning needs of its clients. Its services include finance and accounting; collections and customer service; banking, financial services and insurance; supply chain and procurement; analytics; re-engineering; enterprise application; software tools and automation, and information technology (IT) infrastructure. It has a global network of 39 Delivery Centers in 13 countries.
Full Genpact Limited profile here
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Genpact fourth quarter earnings rise 33% on better than forecast revenues

7th Feb 2011, 2:03 pm
Genpact expects further growth in 2011 Genpact expects further growth in 2011

Genpact (NYSE:G), a provider of business process management services, said Monday its fourth quarter earnings rose 33% as revenues rose.  


For the fourth quarter ended December 31, net income attributable to Genpact shareholders was $46 million, or 20 cents per diluted share, up from $34.6 million, or 16 cents per diluted share, in the year-ago period.  Meanwhile revenues increased 15% year-over-year to $341.5 million, beating the $339.7 million expected by analysts. 


On an adjusted basis, fourth quarter income from operations was $63.7 million, or 23 cents per diluted share.  That exceeded analyst estimates of 22 cents a share. 


For the full year, net income attributable to Genpact shareholders was $142.2 million, or 63 cents per diluted share, compared to $127.3 million, or 58 cents per diluted share in 2009.  Revenues were roughly $1.26 billion, up 12.4% from 2009.


During the year, revenues from business process management grew by 19% to roughly $781.2 million. 
At fiscal-year end, the company had $481 million in cash and short term investments. 


Looking to 2011, the company expects revenues to grow 10% to 13% while operating margins will be in the 16% to 16.5% range. 


Genpact's CEO, Pramod Bhasin, said the outlook reflects the company’s growth initiatives, including hiring more employees and new product development.  


“We believe that the market for business process management continues to be underpenetrated,” he added. 


As of 1:58 pm EST, the company’s shares have rallied 2.4% to trade at $15.66.

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