Genpact (NYSE: G) shares are experiencing a remarkable surge of 12.24% in pre-market trading on Friday, building upon the previous day's 5.34% gain. This impressive rally comes in response to the company's outstanding third-quarter earnings report, upgraded full-year outlook, and a series of positive analyst ratings, all of which have significantly boosted investor confidence in the global professional services firm.
The catalyst for this substantial stock movement was Genpact's Q3 financial results, which handily surpassed analyst expectations. The company reported revenue of $1.291 billion, marking a 6.6% year-over-year increase and exceeding the consensus estimate of $1.266 billion. Adjusted earnings per share came in at $0.97, significantly outperforming the expected $0.90. Notably, Genpact's Advanced Technology Solutions segment demonstrated exceptional growth, with net revenues surging 20.0% to $311 million, highlighting the company's strong position in high-value services.
Adding fuel to the rally, Genpact raised its full-year 2025 guidance, further bolstering investor optimism. The company now projects net revenues between $5.059 billion and $5.071 billion, with adjusted diluted earnings per share expected to range from $3.60 to $3.61, up from the previous range of $3.51 to $3.58. This upward revision in outlook, coupled with recent Buy ratings from analysts at Needham and TD Cowen, with price targets of $53 and $55 respectively, underscores growing confidence in Genpact's growth trajectory and strategic investments, particularly in the Data-Tech-AI segment. As the company continues to demonstrate robust performance and strategic focus on advanced technologies, investors appear increasingly bullish on Genpact's future prospects in the evolving professional services landscape.