Genpact Limited Stock Price, News & Analysis

Genpact has won the Celonis 'Best Use Case Ideation' award at Celosphere 2024 for its innovative sustainable supply chain solution. The solution, developed with Celonis, helps manufacturing clients replace disposable packaging with reusable alternatives by tracking packaging movement across systems through a unified interface. Selected as a top-six finalist from 115 entries, the solution addresses four key phases: planning with real-time insights, tracking asset locations, coordinating data across supply chains, and streamlining reverse logistics.

The collaboration continues through the Celostone program, enhancing the Celonis Sustainability Layer to provide customers with integrated sustainability measurement, improvement, and reporting capabilities.

Genpact (NYSE: G) has been named a Leader in the 2024 Everest Group Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment for the thirteenth consecutive year. The recognition highlights Genpact's expertise in finance and accounting, combined with innovative use of data, technology, and AI for end-to-end finance transformations.

Among 33 global FAO providers evaluated, Genpact stood out for its enhanced capabilities in enterprise risk management, FP&A, and transformation advisory services. The company's significant investments in generative AI, tools and platforms, and outcome-oriented approach contributed to its leadership position. Genpact offers comprehensive solutions including ESG services, Enterprise Risk and Compliance services, and has launched a generative AI Center of Excellence to develop innovative solutions.

Genpact (NYSE: G) has introduced its new Finance Data Hub, powered by the Databricks Data Intelligence Platform. This AI-driven solution aims to provide CFOs and finance teams with faster access to accurate data, enhancing decision-making and operational efficiency. The Finance Data Hub addresses data challenges by consolidating structured and unstructured data from various operations into a central platform.

Built on Databricks' lakehouse foundation, the solution offers clean, reliable data in near-real-time, enabling advanced analytics and AI-driven insights. It features robust governance and simplified compliance, empowering CFOs to adapt quickly to market changes while managing spend, cash flow, and profitability. This collaboration between Genpact and Databricks represents a significant step in helping finance professionals leverage AI and machine learning to optimize performance and enhance forecasting.

Genpact (NYSE: G), a global professional services and solutions firm, has announced a quarterly cash dividend for Q4 2024. The company's board of directors has declared a dividend of $0.1525 per common share. This dividend will be payable on December 23, 2024 to shareholders of record as of the close of business on December 9, 2024. The press release also notes that the declaration of any future dividends will be at the discretion of the board of directors.

Genpact (NYSE: G) hosted its AI Day in New York City, focusing on turning AI innovation into direct business outcomes. The event, themed 'The AI of Now', brought together clients and partners to explore advances in generative AI, machine learning, data, and analytics. Key areas covered included:

• Strategic value of AI in finance
• AI-led value creation in client operations
• Predictive supply chain
• Fostering an AI-first mindset at Genpact

Attendees praised Genpact's commitment to driving cutting-edge innovation and showcasing real-world AI use cases. The event highlighted Genpact's focus on combining domain expertise with technology to scale AI adoption.

Genpact (NYSE: G) has announced it will release its financial results for the third quarter ended September 30, 2024, after the U.S. financial markets close on Thursday, November 7, 2024. Following the release, the company's management team will host a conference call at 5:00 p.m. ET to discuss Genpact's performance.

Participants are encouraged to register in advance to receive a dial-in number and unique PIN for easy access to the call. While early log-in is recommended, registration and access will be available throughout the call. A live webcast will be accessible on the Genpact Investor Relations website, with a replay and transcript posted shortly after the call concludes.

Genpact has announced a strategic partnership with Donegal Insurance Group to enhance the efficiency of its commercial lines underwriting operations using Guidewire Software. The collaboration aims to streamline processes, reduce costs, and improve user and customer experiences. Genpact's platform advisory team is helping Donegal maximize its Guidewire platform to address challenges such as rising customer expectations and complex data management.

The partnership is expected to yield significant results, including increased underwriting availability and improved straight-through processing rates. By reducing manual processes and optimizing workflows, Donegal is modernizing its operations to streamline underwriting and reduce error rates. This collaboration showcases how advanced technologies and industry expertise can transform traditionally manual and complex processes like underwriting.

Genpact (NYSE: G) has been recognized on TIME's World's Best Companies 2024 and America's Best Midsize Companies 2024 lists, highlighting its commitment to employee satisfaction, revenue growth, and sustainability excellence. The rankings, produced in partnership with Statista, are based on comprehensive evaluations across these three critical dimensions.

Balkrishan "BK" Kalra, President and CEO of Genpact, emphasized the company's focus on harnessing advanced technologies while nurturing an empowered workforce. The company's people-first culture and dedication to data, technology, and AI-led innovation aim to create a better future for clients, shareholders, talent, and communities.

In addition to the TIME recognitions, Genpact has received several other prestigious awards, including:

• Forbes World's Best Management Consulting Firms 2024
• Ranked #2 in customer satisfaction, WSJ Management Top 250
• Forbes Best Employers for Women 2024
• Forbes World's Best Employers 2024
• #5 in '50 Best Firms for Data Scientists to Work For 2024' by Analytics India Magazine
• 2024 World's Most Ethical Companies by Ethisphere

Genpact (NYSE: G) has been named a Leader in the IDC MarketScape: Worldwide Enterprise Analytics and AI Business Process Services for Finance and Accounting 2024 Vendor Assessment. This recognition highlights Genpact's strengths in delivering F&A analytics and AI capabilities, emphasizing its breadth of services including functional analytics and AI solutions.

The IDC MarketScape report praised Genpact's comprehensive range of services, including information/data architecture, business data warehousing, data management, cloud enablement, BI tools implementations, big data services, and data strategy. Genpact was chosen for its track record of demonstrated results, competitive pricing, and commitment to SLAs. The company's scale of cloud BPO business, collaborative approach, and automation capabilities were also noted as differentiating factors.