Genpact Ltd. (NYSE:G) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Genpact Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 9.52% to $0.23 in the quarter versus EPS of $0.21 in the year-earlier quarter.
Revenue: Rose 15.7% to $503.85 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Genpact Ltd. reported adjusted EPS income of $0.23 per share. By that measure, the company met the mean analyst estimate of $0.23. It beat the average revenue estimate of $498.97 million.
Quoting Management: N.V. ‘Tiger’ Tyagarajan, Genpact’s president and CEO said, “Genpact’s first quarter results included solid growth in revenues, adjusted operating income and cash flow from operations. We have had a good start to 2013 with another quarter of consistent growth for Genpact. We continue to deliver clear, measurable business outcomes for clients, differentiate our approach by strengthening our capabilities and expertise, refine our growth strategies and build on Genpact’s strong position in our large and underpenetrated target markets.”
Key Stats (on next page)…