Genpact (G) Q4 Earnings And Revenues Surpass Estimates
Zacks Investment Research | Feb 11, 2020 08:04PM ET
Genpact Limited (NYSE:G) delivered impressive fourth-quarter 2019 results, with earnings and revenues beating the Zacks Consensus Estimate.
Adjusted earnings per share of 57 cents outpaced the consensus mark by 1.8% and increased 9.6% year over year. The increase was driven by higher operating profit of 7 cents and positive impact of a penny related to higher foreign exchange balance sheet remeasurement gains, partially offset by higher effective tax rate of 2 cents and increased share count of a penny.
Revenues amounted to $941 million, which beat the consensus estimate by 3.2% and improved 12.7% year over year on a reported basis as well as constant-currency basis. The top line was driven by large deals and growth in transformation services.
The stock has gained 30.3% over the past year, significantly outperforming the 18.2% growth of the Zacks Investment Research
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