NYSE$G
Genpact Limited · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Genpact's financial performance for Q2 2023 reflected revenue growth and increased profitability.
Genpact reported a 2% year-over-year increase in total revenue, reaching $1.106 billion. Diluted EPS increased by 66% to $0.63, while adjusted diluted EPS rose by 3% to $0.72. The company's strong bookings momentum is expected to drive top-line growth in 2024 and beyond.
- Total revenue increased by 2% year-over-year to $1.106 billion.
- Data-Tech-AI services revenue grew by 2% year-over-year to $501 million, representing 45% of total revenue.
- Digital Operations services revenue increased by 1% year-over-year to $605 million, representing 55% of total revenue.
- Diluted earnings per share increased by 66% year-over-year to $0.63, and adjusted diluted earnings per share increased by 3% year-over-year to $0.72.
Headline financials
Revenue & EPS history
Genpact · Revenue · Quarterly
$1.11B
Revenue by segment
Genpact · $1.11B total across 2 segments · Q2 2023
- Digital Operations$605M+1.0%54.7%
- Data-Tech-AI$501M+0.0%45.3%
Forward guidance
Genpact now expects total revenue in the range of $4.59 billion to $4.64 billion, representing a 5.0% to 6.0% year-over-year increase. Adjusted diluted EPS is expected to be in the range of $2.91 to $2.94. The company continues to expect an adjusted income from operations margin of approximately 16.8%.
Tailwinds
- Total revenue is expected to be in the range of $4.59 billion to $4.64 billion, up 5.0% to 6.0% year-over-year.
- Revenue growth on a constant currency basis is expected to be 5.5% to 6.5% year-over-year.
- Adjusted diluted EPS is expected to be in the range of $2.91 to $2.94.
- Adjusted income from operations margin is expected to be approximately 16.8%.
- Strong bookings momentum expected to drive top-line growth in 2024 and beyond.
Headwinds
- Prior full-year outlook for total revenue was in the range of $4.64 billion to $4.71 billion, up 6.0% to 7.5% year-over-year.
- Prior range for adjusted diluted EPS was $2.92 to $2.99.
- General economic conditions may impact the company's performance.
- Technological innovation, including AI, and the company's ability to adapt to industry developments could affect results.
- Wage increases in locations in which the company operates may impact profitability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+0.0%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.6%
Avg return
30 days after
54%
37 / 68 earnings
Positive
+16.2%
Q2 2024
Best reaction
-16.2%
Q4 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | -14.6% | -5.4% | |
| Q4 2025 | +7.1% | -1.4% | +10.6% | |
| Q3 2025 | +15.8% | +18.6% | +20.8% | |
| Q1 2025 | -15.1% | -11.8% | -13.0% | |
| Q4 2024 | +11.2% | +11.1% | +4.5% | |
| Q3 2024 | +13.5% | +15.3% | +11.6% | |
| Q2 2024 | +16.2% | +16.4% | +18.7% | |
| Q1 2024 | +2.5% | +5.2% | +3.0% | |
| Q4 2023 | +4.9% | +0.8% | -1.3% | |
| Q3 2023 | -8.8% | -7.6% | -0.9% | |
| Q2 2023 | +4.9% | +3.2% | +4.0% | |
| Q1 2023 | -8.9% | -6.6% | -5.0% | |
| Q4 2022 | +0.1% | -0.2% | -5.2% | |
| Q3 2022 | -0.2% | -2.5% | -2.8% | |
| Q2 2022 | -3.0% | -2.2% | -4.4% | |
| Q1 2022 | -0.4% | -0.1% | +9.4% | |
| Q4 2021 | -8.2% | -7.4% | -14.7% | |
| Q3 2021 | -1.0% | +0.8% | -0.1% | |
| Q2 2021 | +2.3% | +3.3% | +5.8% | |
| Q1 2021 | -3.8% | -5.3% | -3.3% | |
| Q4 2020 | +0.5% | +0.1% | +1.7% | |
| Q3 2020 | +5.8% | +13.5% | +19.1% | |
| Q2 2020 | +0.7% | +1.0% | -4.5% | |
| Q1 2020 | -4.1% | -8.3% | +1.8% | |
| Q4 2019 | -5.0% | -6.0% | -14.9% | |
| Q3 2019 | -2.1% | -1.1% | +1.2% | |
| Q2 2019 | +10.2% | +8.6% | +9.7% | |
| Q1 2019 | +1.7% | +0.8% | +1.2% | |
| Q4 2018 | +5.3% | +4.9% | +7.5% | |
| Q3 2018 | +7.6% | +10.2% | +4.8% | |
| Q2 2018 | -3.6% | -2.9% | -2.7% | |
| Q1 2018 | -6.4% | -4.4% | -4.1% | |
| Q4 2017 | -5.1% | -1.1% | -0.2% | |
| Q3 2017 | +2.4% | +2.4% | +6.1% | |
| Q2 2017 | +2.9% | +1.1% | -2.3% | |
| Q1 2017 | +1.7% | +3.7% | +12.1% | |
| Q4 2016 | -5.4% | -5.1% | -4.9% | |
| Q3 2016 | +2.8% | +3.1% | +4.3% | |
| Q2 2016 | -6.6% | -7.7% | -7.2% | |
| Q1 2016 | -2.9% | — | — | |
| Q4 2015 | +5.4% | — | — | |
| Q3 2015 | +0.9% | — | — | |
| Q2 2015 | +6.2% | — | — | |
| Q1 2015 | +0.0% | — | — | |
| Q4 2014 | +4.9% | — | — | |
| Q3 2014 | +2.8% | — | — | |
| Q2 2014 | -0.7% | — | — | |
| Q1 2014 | -6.6% | — | — | |
| Q4 2013 | -16.2% | — | — | |
| Q3 2013 | -8.5% | — | — | |
| Q2 2013 | -7.5% | — | — | |
| Q1 2013 | +2.4% | — | — | |
| Q4 2012 | +0.1% | — | — | |
| Q3 2012 | -6.2% | — | — | |
| Q2 2012 | +6.3% | — | — | |
| Q1 2012 | -1.0% | — | — | |
| Q4 2011 | +1.0% | — | — | |
| Q3 2011 | -5.3% | — | — | |
| Q4 2010 | -5.3% | — | — | |
| Q2 2011 | -3.3% | — | — | |
| Q1 2010 | +4.0% | — | — | |
| Q1 2011 | +0.3% | — | — | |
| Q4 2008 | -1.1% | — | — | |
| Q3 2009 | -1.2% | — | — | |
| Q3 2010 | -1.2% | — | — | |
| Q4 2009 | +0.3% | — | — | |
| Q2 2010 | +0.3% | — | — | |
| Q2 2009 | +0.3% | — | — |
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