Genpact Limited Stock Price, News & Analysis

On September 22, 2021, Genpact (NYSE: G) announced the launch of its Radio Analytics Engine (RAE) in partnership with Envision Virgin Racing. This advanced digital analytics tool utilizes artificial intelligence to transform hours of radio communications between drivers and engineers into structured data for real-time insights. RAE aims to enhance pre-race planning and racing strategies, providing a competitive edge in the FIA Formula E World Championship. Early testing shows promising results, as driver Nick Cassidy achieved a podium finish aided by RAE's insights during the Mexico E-Prix.

The U.S. Rapid Action Consortium praises President Biden's proposal for mandatory vaccinations or weekly testing for companies with over 100 employees, enhancing workplace safety. The Consortium, formed in March 2021, aims to expedite the U.S. economy's recovery by promoting cost-effective rapid COVID-19 testing. In Canada, their successful program has increased testing uptake by 500% since June 2021, screening over 630,000 individuals and preventing more than 22,000 secondary infections. This initiative emphasizes the private sector's crucial role in tackling the pandemic.

Genpact (NYSE: G) announced that CEO Tiger Tyagarajan will participate in a virtual fireside chat at Citi's 2021 Virtual Global Technology Conference on September 13, 2021, starting at 1:50 p.m. Eastern Time. The discussion is expected to last for about 40 minutes. Investors can access a live audio webcast and replay on Genpact's Investor Relations site. Genpact is known for driving digital-led innovation and transformation in business operations.

Genpact Japan K.K. has announced the opening of a new delivery center in Fukuoka, Japan, as part of its expansion strategy in the country. This center will enhance customer service operations for a high-tech global leader and will provide innovative digital and analytics capabilities across various sectors including manufacturing and finance. The facility will operate in a hybrid model with 120 employees, capitalizing on the local talent pool. Genpact aims to strengthen its presence in the Kyushu region, leveraging the business-friendly environment to foster growth.

Genpact Limited (NYSE: G) reported strong second-quarter financial results for 2021, with total revenue reaching $988 million, a 10% year-over-year increase. Revenue from Global Clients rose 14% to $893 million, accounting for 90% of total revenue. Net income surged 65% to $103 million, leading to a diluted earnings per share of $0.53, an increase of 66% year-over-year. The company has revised its full-year revenue outlook to $3.96 to $4.0 billion, expecting global client revenue growth of 10.5% to 11.5%.

Coca-Cola Beverages Africa (CCBA) has partnered with Genpact (NYSE: G) to enhance operational efficiency and drive competitive growth. The collaboration focuses on creating a shared services organization to centralize finance, procurement, and data management, enabling real-time decision-making. Initially targeting operations in South Africa, the partnership will expand across Africa. Genpact's expertise in digital transformation aims to improve customer service and support CCBA's goal of sustainable growth while providing new career opportunities for employees. This strategic move positions CCBA for better market share and profitability.

Genpact Limited (NYSE: G) announced a cash dividend of $0.1075 per common share for Q3 2021, payable on September 24, 2021. Shareholders of record as of September 10, 2021 will receive this dividend. The declaration of future dividends is at the board's discretion. This financial move reflects Genpact's commitment to providing returns to shareholders, underpinned by its ongoing cash flow management amidst the wider economic landscape.