Genpact Sees Q3 Revenue $1.18B-$1.186B Vs $1.16B Est.; Raises FY24 EPS From $3.01-$3.04 To $3.14-$3.18 Vs $3.03 Est.; Revenue $4.656B-$4.701B Vs $4.62B Est.

Author: Benzinga Newsdesk | August 08, 2024 04:44pm

Outlook

Genpact's outlook for the third quarter of 2024 is as follows:

• Total revenue in the range of $1.180 billion to $1.186 billion, representing year-over-year growth of approximately 3.9% to 4.4% as reported, or 4.2% to 4.7% on a constant currency basis.1
  • Digital Operations revenue growth of approximately 3.8% year-over-year and Data-Tech-AI revenue growth of approximately 4.6% year-over-year at the midpoint of the range, as reported.
  • Digital Operations revenue growth of approximately 4.2% year-over-year and Data-Tech-AI revenue growth of approximately 4.7% year-over-year at the midpoint of the range, on a constant currency basis.1
• Gross margin of approximately 35.4%.
• Adjusted income from operations margin6 of approximately 17.2%.

Genpact's updated outlook for the full year 2024 is as follows:

• Total revenue in the range of $4.656 billion to $4.701 billion, representing year-over-year growth of approximately 4.0% to 5.0% as reported, or 4.2% to 5.2% on a constant currency basis,1 up from the prior guidance of approximately 2.5% to 3.5% as reported.
  • Digital Operations revenue growth of approximately 5.2% year-over-year and Data-Tech-AI revenue growth of approximately 3.8% year-over-year at the midpoint of the range, as reported, up from the previous midpoints of 3.6% and 2.3%, respectively.
  • Digital Operations revenue growth of approximately 5.5% year-over-year and Data-Tech-AI revenue growth of approximately 3.9% year-over-year at the midpoint of the range, on a constant currency basis,1 up from the previous midpoints of 4.0% and 2.4%, respectively.
• Gross margin of approximately 35.3%.
• Adjusted income from operations margin6 of approximately 17.0%.
• Adjusted diluted EPS7 in the range of $3.14 to $3.18, up from the prior range of $3.01 to $3.04.

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