Genpact Q1 Revenue, EPS Beat Estimates; Margins Rise for 12th Straight Quarter
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Genpact reported strong first-quarter results, with revenue reaching $1.30 billion, slightly exceeding analyst estimates of $1.29 billion, and adjusted EPS of $0.98, comfortably beating the $0.92 consensus. The company achieved its 12th consecutive quarter of year-over-year gross margin expansion, driven by a strategic pivot towards high-value advanced technology solutions, which saw 24% growth. This positive financial performance follows a recent expansion of its alliance with Google Cloud, reinforcing its position in the advanced technology space. The company also repurchased $70 million in shares during the quarter and provided an optimistic outlook, forecasting at least 7% full-year net revenue growth. Traders will be watching for continued momentum in advanced technology solutions and the impact of strategic partnerships on future growth.
At the time of this announcement, G was trading at $34.92 on NYSE in the Technology sector, with a market capitalization of approximately $5.9B. The 52-week trading range was $33.12 to $50.24. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.