Genpact's (G) Q3 Earnings And Revenues Surpass Estimates
Zacks Investment Research | Nov 07, 2017 10:29PM ET
Genpact Limited (NYSE:G) reported third-quarter 2017 non-GAAP earnings of 46 cents per share, which increased 23% on a year-over-year basis. The figure also came ahead of the Zacks Consensus Estimate of 40 cents per share.
Revenues of $708.8 million increased 9% (up 10% on a constant currency basis) from the year-ago quarter. Revenues also surpassed the Zacks Consensus Estimate of $686 million.
The company’s recently launched artificial intelligence (AI) - based platform called Genpact Cora and its recent acquisitions of AI and design thinking based companies such as Tandem Seven are proving to be beneficial for the top line.
Management was particularly optimistic about the positive response to Genpact’s newly launched tagline, "Transformation happens here." Genpact stock has gained 24.1% year-to-date substantially outperforming the 4.3% rally of the Zacks Investment Research
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