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Genpact Reports First Quarter Results

Genpact (NYSE: G) is a leader in managing business processes, offering a broad portfolio of enterprise G&A and industry-specific services. The Company’s approach puts process in the forefront, coupling deep process knowledge and insights with focused IT capabilities, targeted analytics and pragmatic reengineering to deliver a comprehensive client solution. Services are seamlessly delivered from a global delivery network to meet a client’s business objectives, cultural and language needs, and cost reduction goals.

Highlights – Quarter ending March 31, 2010

• Revenues were $288.2 million, up 8.4% from $265.8 million in the first quarter of 2009.
• Net income was $28.2 million, down 6.0% from $30.0 million in the first quarter of 2009, primarily due to higher taxes; net income margin for the first quarter of 2010 was 9.8%, down from 11.3% in the first quarter of 2009.
• Diluted earnings per common share were $0.13, down from $0.14 in the first quarter of 2009.
• Adjusted income from operations increased 4.3% to $44.0 million from $42.1 million in the first quarter of 2009.
• Adjusted income from operations margin was 15.3%, down from 15.9% in the first quarter of 2009.
• Adjusted diluted earnings per share were $0.15, down from $0.18 in the first quarter of 2009.

Business Outlook

• Expect revenue growth in 2010 of 14% to 17% and adjusted income from operations margin of 17% to 18%

http://investors.genpact.com/External.File?t=2&item=g7rqBLVLuv81UAmrh20Mp0daVP5gtjChaclHJJI0bXbSwxxhCoBj2FcoY7qt+H8aZoB4froajaZDMa/U+y5E6A==  

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Posted by Guru's Pick on Monday, May 10, 2010 5:28 AM
     
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