Genpact reports Results for Q2 2012

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Genpact Limited has announced financial results for the second quarter ended June 30, 2012.  Genpact also announced that it expects to pay a special cash dividend to all shareholders of $2.24 per common share, or approximately $500 million in total.

Revenues were $467.6 million, up 17.6% from $397.6 million in the second quarter of 2011, primarily driven by growth in revenues from Global Clients. Business process management and technology services revenues from Global Clients were up 19.8% and 38.4% respectively.

Net income attributable to Genpact Limited shareholders was $61.1million, up 56.6% from $39.0 million in the second quarter of 2011; net income margin for the second quarter of 2012 was 13.1%, up from 9.8% in the second quarter of 2011.

Diluted earnings per common share were $0.27, up 55.4% from $0.17 in the second quarter of 2011. Adjusted income from operations was $77.8 million, up 19.2% from $65.3 million in the second quarter of 2011. Adjusted income from operations margin was 16.6%, up from 16.4% in the second quarter of 2011. Adjusted diluted earnings per share were $0.32, up 46.0% from $0.22 in the second quarter of 2011.

N.V. "Tiger" Tyagarajan, President &CEO, Genpact said, "Genpact had another great quarter, with strong growth in revenues, adjusted operating income, net income and EPS.  In addition to the 17.6% year-over-year revenue growth, our revenues grew 7.4% sequentially. Revenue growth was broad based across all our geographies, including Europe, and all major service lines including finance and accounting.   We established 35 new client relationships this quarter across all major industry groups, up from 26 in the second quarter of 2011. Our results continue the momentum we have had since the beginning of 2011."

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