Overview
Genpact Q3 revenue grows 6.6% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beats consensus, rising 14.1% yr/yr
Advanced Technology Solutions revenue grows 20% yr/yr, driving overall results
Outlook
Genpact sees Q4 net revenues between $1.298 bln and $1.311 bln
Company expects Q4 adjusted diluted EPS between $0.93 and $0.94
Genpact raises full-year revenue guidance to $5.059 bln-$5.071 bln
Result Drivers
ADVANCED TECHNOLOGY SOLUTIONS - GenpactNext initiative drives 20% yr/yr growth in Advanced Technology Solutions
CORE BUSINESS SERVICES - Core Business Services revenue grows 3% yr/yr, contributing to overall revenue increase
DATA-TECH-AI GROWTH - Data-Tech-AI segment sees 9.3% yr/yr revenue growth, supporting overall performance
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $1.29 bln | $1.27 bln (9 Analysts) |
Q3 Adjusted EPS | Beat | $0.97 | $0.90 (9 Analysts) |
Q3 EPS | $0.83 | ||
Q3 Net Income | $146 mln | ||
Q3 Adjusted Income From Operations | Beat | $229 mln | $221.40 mln (8 Analysts) |
Q3 Income From Operations | $192 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Genpact Ltd is $50.50, about 23.1% above its November 5 closing price of $38.82
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nPn43sNqya
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)