Genpact (G) Beats On Q1 Earnings, Lifts '18 EPS Guidance
Zacks Investment Research | May 03, 2018 10:43PM ET
Genpact Limited (NYSE:G) reported better-than-expected results in first-quarter 2018.
Non-GAAP earnings of 39 cents per share increased 26% on a year-over-year basis. The figure surpassed the Zacks Consensus Estimate by a couple of cents.
Revenues of $688.9 million increased 11% (up 9% on a constant currency basis) from the year-ago quarter. Revenues also steered past the Zacks Consensus Estimate of $682.2 million.
The company’s artificial intelligence (AI) based platform called Genpact Cora and the recent acquisitions are proving beneficial for the top line.
Genpact’s domain expertise in business analytics, digital and consulting sectors is a key catalyst. Notably, management is positive about the growing pipeline on the back of increasing adoption of the company’s transformation services. The enthusiastic approach of the C-level of different companies in transforming business models through digital, data and analytics is turning out to be a positive. Additionally, supply chain management is another sector where the company has growth opportunities.
We believe its diverse portfolio, enhanced by the offerings of the acquired organizations, will provide Genpact with a competitive edge over peers like Cognizant Technology Solutions (NASDAQ:CTSH) and Accenture.
Genpact has gained 28.1% in a year’s time, outperforming the 19.5% rally of the Zacks Investment Research
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