Welcome to our dedicated page for Genpact news (Ticker: G), a resource for investors and traders seeking the latest updates and insights on Genpact stock.
Genpact Limited (NYSE: G) delivers transformative business solutions through digital innovation and process excellence. This news hub provides investors and professionals with essential updates about the company's strategic initiatives, operational developments, and market leadership in business process management.
Access real-time announcements including quarterly earnings disclosures, partnership agreements, technology implementations, and corporate governance updates. Our curated collection ensures you stay informed about Genpact's progress in key focus areas like Data-Tech-AI integration, enterprise transformation projects, and industry-specific solutions across banking, healthcare, and manufacturing sectors.
Discover press releases detailing operational milestones, executive leadership changes, and client success stories. The archive serves as a vital resource for tracking Genpact's commitment to enhancing business agility through intelligent automation and process optimization strategies.
Bookmark this page for continuous access to verified corporate communications and analysis of Genpact's evolving role in shaping digital-first enterprise operations worldwide.
A new report by Genpact and HFS Research reveals that enterprises have a two-year window to leverage the full potential of generative AI (gen AI) before falling behind competitors. The study shows that only 5% of enterprises have mature gen AI initiatives while 61% allocate up to 10% of their tech budgets to gen AI. Despite 74% of executives expecting productivity gains, 52% warn against focusing solely on productivity, emphasizing broader business goals. Companies in health care, retail, and high-tech are leading in gen AI investments, reallocating funds towards these initiatives. The report also stresses the importance of data quality and calls for a shift to performance-driven commercial models to fully capitalize on gen AI's benefits.
Genpact (NYSE: G) announced its participation in upcoming investor conferences, including J.P. Morgan 2024 Global Technology, Media, and Communications Conference on May 21, 2024, and William Blair's 44th Annual Growth Conference on June 5, 2024. Balkrishan 'BK' Kalra, President & CEO, will present at both events. Webcasts will be available on Genpact's investor website.
Genpact (NYSE: G) reported total revenue of $1.13 billion, up 4% year-over-year, with diluted EPS of $0.64, up 12%, and adjusted diluted EPS of $0.73, up 7% for the first quarter of 2024. The company's new '3+1 Execution Framework' aims at building stronger partnerships, delivering comprehensive solutions, and enhancing operational efficiency. Genpact's total revenue growth on a constant currency basis, strong financial performance, and updated outlook for 2024 demonstrate promising results and potential growth.
Genpact, in collaboration with AWS, accelerated Revol One Financial's entry into the fixed annuity insurance market by leveraging data, technology, and AI expertise. This partnership resulted in the establishment of a cloud-native entity, enabling Revol One Financial to streamline operations, enhance customer experiences, and drive long-term growth and differentiation. By utilizing AWS services such as Amazon Bedrock, Amazon Connect, AWS CloudTrail, and Amazon OpenSearch Serverless, Revol One Financial has successfully modernized its operations and positioned itself for success in a competitive market.
Genpact (NYSE: G) has declared a cash dividend of $0.1525 per common share for the second quarter of 2024. The dividend will be paid on June 26, 2024, to shareholders of record as of June 10, 2024. The board of directors will decide on future dividends.
Genpact (NYSE: G) collaborates with Microsoft to drive modern finance transformation across enterprises by combining Microsoft Azure OpenAI Service with Genpact's expertise. The collaboration aims to leverage data, technology, and AI to innovate finance organizations globally, enabling quicker decision-making and supporting growth.
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