Overview
* Genpact ( G ) Q3 revenue grows 6.6% yr/yr, beating analyst expectations
* Adjusted EPS for Q3 beats consensus, rising 14.1% yr/yr
* Advanced Technology Solutions revenue grows 20% yr/yr, driving overall results
Outlook
* Genpact ( G ) sees Q4 net revenues between $1.298 bln and $1.311 bln
* Company expects Q4 adjusted diluted EPS between $0.93 and $0.94
* Genpact ( G ) raises full-year revenue guidance to $5.059 bln-$5.071 bln
Result Drivers
* ADVANCED TECHNOLOGY SOLUTIONS - GenpactNext initiative drives 20% yr/yr growth in Advanced Technology Solutions
* CORE BUSINESS SERVICES - Core Business Services revenue grows 3% yr/yr, contributing to overall revenue increase
* DATA-TECH-AI GROWTH - Data-Tech-AI segment sees 9.3% yr/yr revenue growth, supporting overall performance
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Beat $1.29 $1.27
Revenue bln bln (9
Analysts
)
Q3 Beat $0.97 $0.90 (9
Adjusted Analysts
EPS )
Q3 EPS $0.83
Q3 Net $146 mln
Income
Q3 Beat $229 mln $221.40
Adjusted mln (8
Income Analysts
From )
Operatio
ns
Q3 $192 mln
Income
From
Operatio
ns
Analyst Coverage
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "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 ( G ) is $50.50, about 23.1% above its November 5 closing price of $38.82
* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release:
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(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.)