Genpact Limited Stock Price, News & Analysis

Genpact (NYSE:G) has secured two patents from the U.S. Patent and Trademark Office for innovative business transformation frameworks: Genpact ProcIndex and Intelligent Automation Index. ProcIndex measures process health using analytics, helping companies identify improvement opportunities, while the Intelligent Automation Index assesses automation potential across processes. By leveraging these tools, Genpact enables firms to drive operational efficiency and optimize ROI. Both frameworks have been successfully implemented by over 100 clients, leading to significant improvements in process efficiency and cost reduction.

Genpact (NYSE: G) has announced an extension of its strategic partnership with Envision Virgin Racing, focusing on digital transformation through 2022. This collaboration aims to enhance the racing team's performance both on and off the track, leveraging data analytics for real-time decision-making. Since 2018, they have co-innovated to reduce climate impact and engage a sustainability-focused fanbase. The partnership emphasizes not just competitive advantage on the racetrack but also a commitment to combating climate change, representing Genpact's role in advancing sustainable practices.

Genpact Limited (NYSE: G) reported its financial results for Q4 and full year 2020, achieving a total revenue of $3.7 billion, a 5% increase year-over-year. Revenue from Global Clients reached $3.3 billion, up 7%, while revenue from GE declined by 4% to $459 million. Net income was $308 million, up 1%, with diluted EPS of $1.57 also up 1%. However, new bookings fell 20%. Looking ahead, Genpact expects 2021 revenue between $3.93 to $3.99 billion, forecasting growth of 6% to 7.5%.

Genpact (NYSE: G) has partnered with Massmart to enhance its finance operations through digital technology and analytics. This collaboration will standardize and automate Massmart's finance and accounting services, including accounts payable and receivable, enhancing real-time visibility and transparency. Genpact will establish finance delivery centers in Johannesburg and Durban, South Africa, transferring affected Massmart employees to its team. This partnership builds on Genpact's relationship with Walmart, Massmart's majority owner, focusing on operational excellence and efficient finance processes.

Genpact (NYSE: G) has been recognized as a Leader in all categories of the NelsonHall Vendor Evaluation & Assessment Tool for Managed Services in the Financial Services sector. The report highlights Genpact's robust managed services across geographies and transformation-as-a-service capabilities, enabling clients to adopt automation swiftly. Key strengths noted include Genpact's AI products, LEAN techniques, and extensive consulting and technology delivery expertise, supporting banks in their digital transformation journey.

Genpact (NYSE: G) will announce its fourth-quarter and full-year results for the year ended December 31, 2020, after U.S. market close on February 9, 2021. The management will host a conference call at 4:30 p.m. ET to discuss the financial performance. Callers can participate via designated numbers, and a live webcast will be available on Genpact’s Investor Relations website. Genpact specializes in digital transformation and intelligent operations for Global Fortune 500 companies, aiming to improve business outcomes through innovation.

Genpact (NYSE: G) has acquired Enquero, a data engineering and digital transformation firm, enhancing its data analytics capabilities. This acquisition aims to empower Genpact to better serve clients facing increasing data complexity and demand for digital transformation. Enquero's expertise will augment Genpact's existing strengths in sectors like high tech and consumer goods. CEO Tiger Tyagarajan expressed confidence in the enhanced ability to drive client success in volatile markets. The terms of the acquisition were not disclosed, but the integration will see all Enquero employees join Genpact.