Overview
* Genpact ( G ) 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 ( G ) 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 ( G ) 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/Mis Actual Consensu
s s
Estimate
Q2 Beat $1.25 $1.23
Revenue bln bln (8
Analysts
)
Q2 Beat $0.88 $0.86 (9
Adjusted Analysts
EPS )
Q2 EPS $0.75
Q2 Net $133 mln
Income
Q2 Beat $217 mln $213 mln
Adjusted (7
Income Analysts
From )
Operatio
ns
Q2 $179 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", 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 ( G ) 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:
(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.)