Genpact: 2Q Earnings Snapshot
HAMILTON, Bermuda (AP) _ Genpact Ltd. (G) on Wednesday reported second-quarter profit of $73.7 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had profit of 38 cents. Earnings, adjusted for stock option expense and amortization costs, came to 49 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The business process management services provider posted revenue of $881.8 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $824.8 million.
Genpact expects full-year earnings in the range of $2 to $2.02 per share, with revenue in the range of $3.46 billion to $3.5 billion.
Genpact shares have increased 43% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $38.71, a rise of 24% in the last 12 months.