Genpact (G) Surpasses Earnings And Revenue Estimates In Q2
Zacks Investment Research | Aug 02, 2017 11:21PM ET
Genpact Limited (NYSE:G) reported better-than-expected second-quarter 2017 results.
Non-GAAP earnings (including share based compensation) of 41 cents per share beat the Zacks Consensus Estimate by 10 cents and were up 24.2% year over year. Revenues of $671 million beat the consensus mark by 4.7%, increasing 6.4% from the year-ago quarter.
Strong results were driven by growth of revenues from mid-teen global client BPO coupled with balanced performance across most of the targeted verticals and service lines of the company.
The company is witnessing mid-teen global client BPO growth over the last three years. It is a dominant name in the BPO services market based on domain expertise in business analytics, digital and consulting. Genpact is also rapidly gaining popularity among customers in emerging technologies like Blockchain and Industrial Internet of Things (IoT).
The company’s focus on integrating process, analytics and digital technologies along with deep domain expertise is helping it to win customers on a regular basis.
These positives have led to an 30.6% surge in its shares on a year-to-date basis, significantly outperforming the Zacks Investment Research
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