Genpact Limited reports news on agentic and advanced technology solutions for enterprise operations, combining process intelligence, artificial intelligence, data capabilities and domain expertise. Company updates commonly cover quarterly results, Advanced Technology Solutions growth, Core Business Services, client operating-model transformation and management presentations at technology and investor conferences.
Recurring developments also include alliances and platform work with technology partners, including agentic AI solutions for finance workflows, ServiceNow consulting and implementation, web intelligence tools for regulated industries, and research on enterprise AI adoption. Genpact also announces capital-return actions such as quarterly cash dividends.
On December 15, 2022, Genpact (NYSE: G) announced its recognition as a Leader in Everest Group's Procurement Outsourcing (PO) Services PEAK Matrix Assessment for the second consecutive year. The assessment evaluated 21 service providers based on market deliverables and client engagement. Genpact was praised for its operational consulting, advanced technologies, and flexible operating model that supports risk management and analytics solutions. The firm is recognized for its extensive experience across industries, particularly in North America and Europe, and is expanding its presence in various regions.
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Genpact (NYSE: G) has partnered with o9 Solutions to enhance the global supply chain of Eckes-Granini, a major fruit juice supplier in Europe. The initiative aims to digitize supply chain processes, breaking down information silos and promoting operational efficiency. Key locations for the rollout include Spain, Germany, Hungary, Austria, France, Finland, and Sweden. The first phase, Valorized Demand Planning, is expected to reduce supply chain costs and inventories while aligning finance, sales, and marketing functions.
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Genpact Limited (NYSE: G) reported third-quarter 2022 results with total revenue of $1.111 billion, up 9% year-over-year. Data-Tech-AI services contributed $510 million (up 19%), while Digital Operations generated $601 million (up 2%). Diluted EPS was $0.51, down 4%, but adjusted EPS increased 14% to $0.75. The company expects full-year revenue between $4.32 billion and $4.355 billion, reflecting a slight adjustment due to foreign currency impacts. Cash generated from operations was $226 million, marking an 8% increase from last year.
Genpact (NYSE: G) and Celonis have expanded their strategic partnership at Celosphere 2022, aiming to enhance digital transformation for their clients. The collaboration includes establishing a joint Center of Excellence to drive business insights and improve operational efficiencies. Key outcomes include improved finance and accounting processes for Global Fortune 500 clients and the creation of pre-built solutions leveraging Genpact's expertise and Celonis' Execution Management System (EMS). A survey indicated that 25% of organizations anticipate increasing their process intelligence spending by over 10% in the next 12-18 months.
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Genpact Limited (NYSE: G) has declared a cash dividend of $0.125 per common share for Q4 2022. The dividend will be payable on December 23, 2022, to shareholders on record by December 9, 2022. Future dividends will be determined at the discretion of the board of directors. This announcement reflects the company's commitment to returning value to shareholders while navigating potential challenges such as inflationary pressures and operational costs.
Genpact (NYSE: G) is set to announce its third-quarter financial results for the period ending September 30, 2022, after the U.S. markets close on November 9, 2022. A conference call to discuss these results will be held at 4:30 p.m. ET the same day. Participants can register for the call to obtain a unique dial-in number. A live webcast will also be available on Genpact's Investor Relations website, with a replay and transcript to follow. Genpact is focused on driving digital-led innovation and intelligent operations for its clients.