Genpact Earnings: Here’s Why Shares are Down Now
Genpact Ltd. (NYSE:G) delivered a profit and beat 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. Shares are down 0.32%.
Genpact Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 0% to $0.32 in the quarter versus EPS of $0.32 in the year-earlier quarter.
Revenue: Rose 14.36% to $534.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Genpact Ltd. reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.25. It beat the average revenue estimate of $534.24 million.
Quoting Management: N.V. ‘Tiger’ Tyagarajan, Genpact’s president and CEO said, “Continuing our momentum in 2013, in the second quarter Genpact delivered strong growth in revenues and adjusted operating income, as well as solid cash flows from operations. Our results demonstrate that the key elements of our growth strategy are resonating with the marketplace. With an increasingly targeted focus on the most promising industry verticals and solutions that integrate process, technology and analytics, we are unlocking innovation, driving client loyalty and strengthening our foundation for long-term sustainable growth.”
Key Stats (on next page)…