Genpact Limited Stock Price, News & Analysis

Genpact (NYSE: G) has announced it will release its financial results for Q4 and full year 2024 after U.S. market close on Thursday, February 6, 2025. The company's management will host a conference call at 5:00 p.m. ET to discuss performance.

Participants can register in advance to receive dial-in details and a unique PIN. A live webcast will be available on Genpact's Investor Relations website, with a replay and transcript posted after the call.

Genpact (NYSE: G) has announced a multi-year partnership with BJ's Wholesale Club to enhance operational efficiency and support growth initiatives. The collaboration encompasses expertise across finance and accounting, indirect procurement, HR, merchandising, and other support functions.

The partnership leverages ServiceNow as the core platform for managing and integrating workflows, focusing on strategic technology investments and optimized operations. Genpact will apply its expertise in finance and accounting, digital adaptations, and data-driven process governance to position BJ's for long-term success through continuous innovation.

Genpact has announced a multi-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to accelerate AI adoption across business functions. The partnership aims to democratize AI capabilities beyond IT departments, making advanced technologies accessible to various business leaders including CFOs and COOs.

As an AWS Premier Tier Services Partner with nearly 1,000 certified AWS professionals, Genpact offers several solutions through AWS Marketplace, including ContactUs.Ai, Property Contents Claim solution, and riskCanvas Discovery. The collaboration has already shown success with Revol One Financial, which became a fully cloud-native fixed-annuity provider through this partnership.

Genpact (NYSE: G) has announced the extension of its partnership with Ferring Pharmaceuticals through a renewed multi-year agreement. The collaboration focuses on transforming Ferring's finance, accounting, and procurement operations using advanced technologies, including AI. Genpact will continue to streamline workflows, optimize resource allocation, and enhance financial transactions by automating key processes through partnerships with Xelix and Blackline. The partnership, which already encompasses over 40 digital transformation projects, aims to deliver operational savings and enable Ferring to respond quickly to market demands.

Genpact (NYSE: G) has been named a Leader in the 2024 Everest Group Procurement Outsourcing Services PEAK Matrix® Assessment for the fourth consecutive year. The recognition highlights Genpact's excellence in source-to-pay (S2P) services, innovation in advanced technologies including generative AI, and strategic partnerships with technology providers.

The company was evaluated among 24 global PO service providers and recognized for its comprehensive procurement solutions, including sourcing and category management, integrated procure-to-pay models, and advisory services. Genpact's strengths include deep domain expertise, advanced technologies, and a strong digital ecosystem through third-party partnerships. The company continues to expand its delivery presence across the US, Bulgaria, and the Philippines while integrating generative AI and automation across S2P processes.

Genpact (NYSE: G) has been named to Forbes' World's Best Employers 2024 list for the fourth consecutive year. This recognition highlights the company's commitment to creating a positive workplace culture focused on employee engagement, well-being, and continuous learning. The selection process involved a comprehensive survey of over 300,000 employees across 50+ countries, evaluating factors such as salary, talent development, and remote work options.

President and CEO Balkrishan 'BK' Kalra emphasized the company's increased investment in people development, particularly in areas of advanced technologies and AI. The company has also received several other notable recognitions, including listings on TIME's World's Best Companies 2024 and Forbes' Best Management Consulting Firms 2024.

Genpact has been named a Leader in Avasant's 2024 Insurance Business Process Transformation RadarView™ report. The recognition highlights Genpact's expertise in insurance and AI innovations that help deliver end-to-end transformations for enterprise clients. Among 22 evaluated service providers, Genpact stood out for its practice maturity, investments, and partner ecosystem. The company leverages AI, analytics, and automation through proprietary platforms to address demands for faster claims processing, enhanced customer engagement, and cost management. Notable solutions include Cora ContactUs.ai for customer service automation and AI-powered claims handling.

Genpact announced the appointment of Jinsook Han as its new Chief Strategy and Corporate Development Officer, effective immediately. Han will lead the company's strategy, investments, ventures, and acquisitions, reporting directly to President and CEO, Balkrishan "BK" Kalra. Han brings extensive experience in data, analytics, and AI, having previously served as a partner at PwC and the Chief Strategy Officer at Accenture's Applied Intelligence Business. She holds a Bachelor's degree from Virginia Tech and an MBA from Kellogg School of Management, among other credentials. Han expressed her enthusiasm for driving Genpact's growth and transformation through strategic initiatives and partnerships.

Genpact (NYSE: G) reported strong Q3 2024 results with total revenue of $1.21 billion, up 7% year-over-year. The company's Data-Tech-AI revenue grew 9% to $569 million, while Digital Operations revenue increased 5% to $642 million. Net income rose 13% to $133 million, with diluted EPS up 16% to $0.74. The company has increased its 2024 guidance, now expecting 6% revenue growth, up from 2% in the prior year. Genpact repurchased approximately 1.9 million shares for $75 million during the quarter.