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Genpact Q1 Adjusted Earnings, Revenue Increase; 2024 Outlook Raised, Q2 Guidance Set
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Genpact Q1 Adjusted Earnings, Revenue Increase; 2024 Outlook Raised, Q2 Guidance Set
May 9, 2024 2:14 PM

04:46 PM EDT, 05/09/2024 (MT Newswires) -- Genpact ( G ) reported Q1 adjusted earnings Thursday of $0.73 per diluted share, up from $0.68 per share a year earlier.

Analysts polled by Capital IQ expected $0.68.

Net revenue for the quarter ended March 31 rose to $1.13 billion from $1.09 billion a year earlier. Analysts surveyed by Capital IQ expected $1.11 billion.

For Q2, the company expects revenue of $1.14 billion to $1.15 billion. The consensus is for $1.13 billion.

For 2024, Genpact ( G ) increased its adjusted EPS outlook to the range of $3.01 to $3.04 from $3 to $3.03. The company expects revenue of $4.59 billion to $4.63 billion, up from the previous guidance of $4.57 billion to $4.61 billion. Analysts are looking for normalized EPS of $3.01 on revenue of $4.59 billion.

Genpact ( G ) shares were up 3% in after-hours activity.

Price: 33.14, Change: +1.09, Percent Change: +3.40

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