Genpact's Financial Results for 2024: A Year of Growth and Transformation

Overview of Genpact's Financial Performance

Genpact Limited (NYSE: G), a prominent player in advanced technology services, has unveiled its financial figures for the fourth quarter and full year ending December 31, 2024. The company reported a robust performance despite facing various market challenges.

Key Financial Highlights of 2024

In 2024, Genpact achieved net revenues of $4.77 billion, marking a significant 6.5% increase from the previous year. When adjusted for constant currency, the growth was slightly higher at 6.7%. This growth can be largely attributed to the impressive performance of Genpact's Data-Tech-AI division, which posted revenues of $2.23 billion, up 6.9% year-over-year.

Meanwhile, the Digital Operations segment contributed $2.53 billion in revenues, reflecting a growth of 6.1% on an as-reported basis. The company's gross profit reached $1.69 billion, which translates to a margin of 35.5%, indicating solid operational efficiency.

Performance Metrics

Notably, Genpact's diluted earnings per share (EPS) was recorded at $2.85, slightly down by 16% compared to the previous year. However, when looking at adjusted diluted EPS, a 10% increase was noted, climbing to $3.28. This clearly illustrates the company's ongoing commitment to enhancing shareholder value even amidst challenges.

In addition, their new bookings reached approximately $5.7 billion, up 15% from 2023, highlighting continued demand for their services and solutions.

Quarterly Insights

Looking into the fourth quarter alone, Genpact generated $1.25 billion in revenues, an 8.9% increase year-over-year. This segment saw notable growth in its Data-Tech-AI net revenues, which hit $595 million, reflecting an increase of 11.9%. On the other hand, Digital Operations revenues for the same quarter were $654 million, with growth at 6.4%.