PR Newswire
NEW YORK, Aug. 2, 2017
NEW YORK, Aug. 2, 2017 /PRNewswire/ -- Genpact Limited (NYSE: G), a global professional services firm focused on delivering digital transformation for clients, today announced financial results for the second quarter ended June 30, 2017.
"We delivered strong results for the second quarter with our strategy and execution working very well. Our top line was driven by 15% constant currency growth in Global Client BPO revenue. Our transformation services, comprised of consulting, digital and analytics, continued to be the fastest growing area of our business, growing at more than 20% in the quarter," said N.V. 'Tiger' Tyagarajan, Genpact's president and CEO. "I am excited with the launch of Genpact Cora™, which we believe is the first unified platform that fully integrates automation, analytics, and AI engines embedded with deep domain and process expertise. With our highly differentiated end-to-end solutions, we are extremely well positioned to drive profitable growth and shareholder value."
Key Financial Results – Second Quarter 2017
Revenue Details – Second Quarter 20175
Cash Flow from Operations
2017 Outlook
Conference Call to Discuss Financial Results
Genpact's management will host an hour-long conference call beginning at 4:30 p.m. ET on August 2, 2017 to discuss the company's performance for the second quarter of 2017. To participate, callers can dial +1 (877) 654-0173 from within the U.S. or +1 (281) 973-6289 from any other country. Thereafter, callers will be prompted to enter the conference ID, 44449442.
A live webcast of the call will also be made available on the Genpact Investor Relations website at http://investors.genpact.com. For those who cannot participate in the call, a replay will be available on the Genpact website after the end of the call. A transcript of the call will also be made available on the website.
About Genpact
Genpact (NYSE: G) is a global professional services firm focused on delivering digital transformation for our clients, putting digital and data to work to create competitive advantage. We do this by integrating lean principles, design thinking, analytics and digital technologies with our domain and industry expertise to deliver disruptive business outcomes – an approach we call Lean DigitalSM. We deliver value to our clients in two ways – through digital-led, domain-enabled solutions that drive innovation, and through intelligent operations enabled by digital that design, transform and run clients' operations. Our approach is continually refined in one of the world's largest digital process sandboxes, where we test and improve thousands of processes. For two decades, first as a General Electric division and since 2005 as an independent company, we have been passionately serving our clients. We generate impact for clients from the Fortune Global 500 and beyond, and employ over 77,000 people in more than 20 countries, with key offices in New York City, Palo Alto, London, and Delhi. For additional information, visit www.genpact.com.
Safe Harbor
This press release contains certain statements concerning our future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those in such forward-looking statements. These risks, uncertainties and other factors include but are not limited to a slowdown in the economies and sectors in which our clients operate, a slowdown in the business process outsourcing and information technology services sectors, the risks and uncertainties arising from our past and future acquisitions, our ability to convert bookings to revenues, our ability to manage growth, factors which may impact our cost advantage, wage increases, changes in tax rates and tax legislation, our ability to attract and retain skilled professionals, risks and uncertainties regarding fluctuations in our earnings, foreign currency fluctuations, general economic conditions affecting our industry as well as other risks detailed in our reports filed with the U.S. Securities and Exchange Commission, including Genpact's Annual Report on Form 10-K. These filings are available at www.sec.gov. Genpact may from time to time make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. Although Genpact believes that these forward-looking statements are based on reasonable assumptions, you are cautioned not to put undue reliance on these forward-looking statements, which reflect management's current analysis of future events and should not be relied upon as representing management's expectations or beliefs as of any date subsequent to the time they are made. Genpact undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of Genpact.
Contacts | ||
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Investors | | Roger Sachs, CFA |
| | +1 (203) 808-6725 |
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Media | | Gail Marold +1 (919) 345-3899 |
GENPACT LIMITED AND ITS SUBSIDIARIES | | |||||||
Consolidated Balance Sheets | | |||||||
(Unaudited) | | |||||||
(In thousands, except per share data and share count) | | |||||||
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| | As of December 31, | | | As of June 30, | | ||
| | 2016 | | | 2017 | | ||
Assets | | | | | | | | |
Current assets | | | | | | | | |
Cash and cash equivalents | | $ | 422,623 | | | $ | 441,064 | |
Accounts receivable, net | | | 615,265 | | | | 637,613 | |
Prepaid expenses and other current assets | | | 189,149 | | | | 246,277 | |
Total current assets | | $ | 1,227,037 | | | $ | 1,324,954 | |
Property, plant and equipment, net | | | 193,218 | | | | 208,658 | |
Deferred tax assets | | | 70,143 | | | | 67,568 | |
Investment in equity affiliates | | | 4,800 | | | 809 | | |
Intangible assets, net | | | 78,946 | | | | 127,068 | |
Goodwill | | | 1,069,408 | | | | 1,260,511 | |
Other assets | | | 242,328 | | | | 249,866 | |
Total assets | | $ | 2,885,880 | | | $ | 3,239,434 | |
Liabilities and equity | | | | | | | | |
Current liabilities | | | | | | | | |
Short-term borrowings | | $ | 160,000 | | | $ | 205,000 | |
Current portion of long-term debt | | | 39,181 | | | | 39,213 | |
Accounts payable | | | 9,768 | | | | 18,317 | |
Income taxes payable | | | 24,159 | | | | 51,226 | |
Accrued expenses and other current liabilities | | | 498,247 | | | | 452,364 | |
Total current liabilities | | $ | 731,355 Werbung Mehr Nachrichten zur Genpact Aktie kostenlos abonnieren
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