NYSE$G

Genpact Limited · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported better-than-expected results, raised earnings expectations for the year, and successfully delivered on the '3+1 Execution Framework'.

Genpact reported a 6% increase in total revenue to $1.18 billion, with diluted EPS up 6% to $0.67 and adjusted diluted EPS up 10% to $0.79. The company is raising its earnings expectations for the year.

  • Total revenue was $1.18 billion, up 6% year-over-year (7% on a constant currency basis).
  • Data-Tech-AI revenue was $546 million, up 4% year-over-year.
  • Digital Operations revenue was $630 million, up 9% year-over-year.
  • Diluted earnings per share was $0.67, up 6% year-over-year; Adjusted diluted earnings per share was $0.79, up 10% year-over-year.

Headline financials

Total Revenue

$1.18B

Previous: $1.11B+6.4%
EPS

$0.67

Previous: $0.72-6.9%
Operating Margin

14.5%

Previous: 14.2%+2.1%
Adj. Operating Margin

16.9%

Previous: 16.8%+0.6%
Capital Expenditures

-$43.3M

Previous: -$24M-80.1%
Free Cash Flow

$78.7M

Previous: $92.2M-14.6%
Net Income

$122M

Previous: $116M+4.9%
Operating Income

$170M

Previous: $157M+8.2%
Gross Profit

$416M

Previous: $390M+6.8%
Cash & Equivalents

$914M

Previous: $491M+86.1%
Total Assets

$5.18B

Previous: $4.48B+15.5%
Stock-Based Comp

$18.4M

Previous: $21.8M-15.9%

Revenue & EPS history

Genpact · Revenue · Quarterly

$1.18B

Q2 2024+6.4%vs Q2 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Genpact · $1.14B total across 2 segments · Q3 2023

  • Digital Operations
    $636M+6.0%
  • Data-Tech-AI
    $500M-2.0%

Forward guidance

Genpact's outlook for the third quarter of 2024 includes 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. The company's updated outlook for the full year 2024 includes 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, up from the prior guidance of approximately 2.5% to 3.5% as reported.

Tailwinds

  • Total revenue in the range of $1.180 billion to $1.186 billion for Q3 2024.
  • Year-over-year revenue growth of approximately 3.9% to 4.4% as reported for Q3 2024.
  • Constant currency revenue growth of 4.2% to 4.7% for Q3 2024.
  • Digital Operations revenue growth of approximately 3.8% year-over-year for Q3 2024.
  • Data-Tech-AI revenue growth of approximately 4.6% year-over-year for Q3 2024.

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 2024

Historical avgQ2 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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