Genpact Limited Stock Price, News & Analysis

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.

Guidewire Software has welcomed Genpact as a new Solution partner in its PartnerConnect program. This collaboration offers insurers access to Genpact’s Ready for Guidewire validated add-on, which enhances the ClaimCenter platform for claims processing. The add-on facilitates seamless claims management, enabling digital inspections and improved customer satisfaction through faster claims cycle times. The partnership aims to transform and streamline the entire claims lifecycle, allowing insurers to deliver superior service to policyholders.

On July 22, 2021, Genpact (NYSE: G) was recognized as a leader in the 2021 Aragon Research Globe for Digital Business Platforms for its Genpact Cora platform. This AI-based platform supports end-to-end digital transformation by automating and enhancing business processes, improving agility, providing governance, and offering critical insights. The Aragon Research Globe evaluates 17 major providers, assessing their strategies and performance in the market, emphasizing Genpact's strong position in driving comprehensive business transformation through its innovative solutions.

Genpact has appointed Michael Weiner as its new Senior Vice President and Chief Financial Officer, effective August 10, 2021. Weiner succeeds Edward Fitzpatrick, who has served as CFO since 2014 and will transition to a Senior Vice President and Senior Client Advisor role. Weiner previously held the position of CFO at National General Holdings Corp. until its acquisition by Allstate in January 2021. The leadership change is expected to support Genpact's strategic growth agenda as stated by CEO N.V. 'Tiger' Tyagarajan.