GENPACT LIMITED Reports Second Quarter FY2023 Earnings Results on August 9th, 2023
August 17, 2023
🌧️Earnings Overview
GENPACT LIMITED ($NYSE:G) reported their financial results for the second quarter of FY2023, ending on June 30 2023, with a release on August 9 2023. Revenue for the period amounted to USD 1105.5 million, 1.5% higher than the same quarter in the prior year. Net income saw a 62.2% year-on-year increase, totaling USD 116.2 million.
Market Price
On Wednesday, August 9th, 2023, GENPACT LIMITED reported its second quarter FY2023 earnings results. The stock opened at $35.7 and closed at $35.6, representing a 0.2% decrease from the previous closing price of $35.7. Overall, the results of GENPACT LIMITED’s second quarter FY2023 earnings report were largely positive.
The company saw increases in both operating income and net income, with earnings per share also increasing significantly from the previous year. Despite a small decrease in stock price, the overall report was well-received and investors remain optimistic about the company’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Genpact Limited. More…
| Total Revenues | Net Income | Net Margin |
| 4.41k | 407.91 | 9.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Genpact Limited. More…
| Operations | Investing | Financing |
| 593 | -53.48 | -471.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Genpact Limited. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.48k | 2.55k | 10.66 |
Key Ratios Snapshot
Some of the financial key ratios for Genpact Limited are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.5% | 9.0% | 13.5% |
| FCF Margin | ROE | ROA |
| 12.3% | 19.3% | 8.3% |
Analysis
GoodWhale has conducted an in-depth analysis of the financials of GENPACT LIMITED and have determined that it is a low risk investment. We have concluded this based on our Risk Rating which takes into consideration both the financial and business aspects of the company. However, GoodWhale has detected one risk warning in the balance sheet. To access this information, users must register with us. Once you become a registered user, you can view the summary of the risk and analyze the implications it may have on the company’s financials. More…
Peers
The company has a strong focus on data analytics and artificial intelligence, and has been successful in implementing these technologies for its clients.
– Cognizant Technology Solutions Corp ($NASDAQ:CTSH)
Cognizant Technology Solutions Corp is a leading provider of information technology, consulting, and business process outsourcing services. The company has a market cap of $30.95 billion and a return on equity of 18.92%. Cognizant Technology Solutions Corp provides a full range of services, including application development and maintenance, infrastructure management, and business process outsourcing. The company serves clients in a variety of industries, including banking and financial services, healthcare, manufacturing, retail, and telecommunications.
– ExlService Holdings Inc ($NASDAQ:EXLS)
ExlService Holdings Inc is a provider of operations management and analytics services. The company has a market cap of 5.31 billion as of 2022 and a return on equity of 15.13%. The company’s operations management and analytics services help businesses optimize their operations and improve their decision-making.
– Larsen & Toubro Infotech Ltd ($BSE:540005)
Larsen & Toubro Infotech Ltd, a subsidiary of Larsen & Toubro Ltd, is an Indian multinational provider of information technology, consulting and business process outsourcing services. Headquartered in Mumbai, the company has over 43,000 employees across 46 countries.
Larsen & Toubro Infotech’s market cap as of 2022 is 834.42B, with a return on equity of 23.67%. The company is a leading provider of information technology, consulting and business process outsourcing services, with a strong presence in India and across 46 countries.
Summary
GENPACT LIMITED has reported a positive second quarter (Q2) of FY2023. Revenue for Q2 totaled USD 1105.5 million, an increase of 1.5% from the same period last year. Net income of USD 116.2 million was reported, representing a 62.2% year-over-year growth.
This strong performance is likely to be met favorably by investors, and could be an indicator of continued confidence in the company’s financial stability and future prospects. All in all, the company’s Q2 results demonstrate their ability to grow revenue and earnings despite difficult market conditions.
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