Genpact Limited Stock Price, News & Analysis

Genpact (NYSE: G) and STADA (SAZ.DE) have renewed their multi-year partnership to enhance STADA's finance operations. The collaboration aims to derisk, scale, and simplify STADA's financial processes, driving competitive advantages. Since 2019, Genpact has leveraged automation and process-harmonization to improve STADA's critical operations, implementing technologies like Genpact's Cora APFlow.

The partnership has enhanced accuracy in accounts payable and receivable, improved data transparency, and allowed STADA's teams to focus on strategic initiatives. Genpact's expertise has been important in optimizing STADA's finance and procurement processes, from supplier invoicing to financial reporting. The companies are also collaborating on implementing advanced tools like S4HANA and generative AI.

Genpact (NYSE: G), a global professional services firm, has been named to Forbes' 'World's Best Management Consulting Firms' list for 2024. This marks the third time Genpact has received this recognition, highlighting its commitment to delivering transformative outcomes for clients. The list, compiled in collaboration with Statista Inc., is based on an extensive survey of 8,500 consultants and clients worldwide.

Genpact's inclusion underscores its strong industry reputation and expertise in leveraging data, technology, and AI to drive significant value and growth for clients. The company's focus on client-centricity and ability to deliver business outcomes that shape the future were key factors in this recognition. Genpact's solutions span 13 diverse industries and 14 functional areas, driving operational excellence, enhancing customer experience, and unlocking new growth opportunities.

Genpact (NYSE: G) has announced that its Chief Financial Officer, Mike Weiner, will be presenting at the Citi Global TMT Conference on Wednesday, September 4, 2024, at 3:00 p.m. Eastern Time. This presentation will be webcast live through Genpact's Investor Relations website at www.genpact.com/investors.

For those unable to attend or watch the live presentation, a replay will be available after the event concludes. The replay will remain accessible until September 5, 2025, providing ample time for interested parties to review the presentation at their convenience.

Genpact (NYSE: G) has been named a Leader in the HFS Research Supply Chain Services 2024 Horizon assessment. The report highlights Genpact's innovation in supply chain strategy, combining practical experience with expertise in leading supply chain technology solutions. Genpact's service capability manages both forward and after-sales supply chain services through an outcome-driven model, potentially boosting client revenue by up to 45%.

Key strengths include partnerships with AWS and Salesforce, enhancing Genpact's supply chain tools, as well as its data management, AI-powered enterprise planning control towers, and predictive analytics. The company is recognized for implementing robust risk management, sustainable practices, and enhanced visibility to respond swiftly to unforeseen events. Genpact's approach to expanding capabilities and dedication to sustainability positions it as a leader in driving next-generation supply chain innovations.

Genpact (NYSE: G) announced its Q2 2024 financial results, highlighting a total revenue of $1.18 billion, up 6% year-over-year.

Key metrics include:

• Diluted EPS of $0.67, up 6%
• Adjusted Diluted EPS of $0.79, up 10%
• Gross profit of $416 million, up 7%
• Net income of $122 million, up 5%
• Cash flow from operations of $209 million, up from $171 million in Q2 2023

Genpact also repurchased 1.9 million shares amounting to $63 million.

The company increased its full-year revenue guidance to a range of $4.656 billion to $4.701 billion, reflecting a 4% to 5% growth.

Genpact (NYSE: G) has announced its integration with Salesforce Data Cloud to offer AI-driven industry-specific cloud solutions. This partnership aims to transform operations and drive competitive advantages for enterprises by combining Genpact's AI and industry expertise with Salesforce's data management capabilities. The integration addresses issues related to disconnected and unstructured data, including quality, accessibility, and scalability.

Key benefits include:

• Improved decision-making and optimized operations
• Breaking down data silos
• Gaining real-time insights
• Delivering personalized experiences at scale

Genpact has also launched a comprehensive training program for its employees on Salesforce's Einstein AI and Data Cloud platforms to enhance skills and boost innovation.

Genpact (NYSE: G) has named Sanjeev Vohra as its first Chief Technology & Innovation Officer, effective immediately. Vohra, who brings over 30 years of expertise in technology and consulting, will report to President and CEO Balkrishan 'BK' Kalra. His appointment aims to accelerate AI and advanced technology solutions, driving higher client value and business growth. Vohra will lead Genpact's technology strategy, innovation framework, strategic partnerships, and talent roadmap. Previously, he was the global lead of Accenture Applied Intelligence, where he contributed significantly to its Data and AI business growth. Vohra's visionary approach is expected to enhance Genpact's internal technology expertise and deepen client engagements.

Genpact (NYSE: G) has partnered with Volkswagen Financial Services (VWFS) to enhance customer and employee experience in automotive finance. The collaboration focuses on leveraging AI-powered solutions to streamline processes and build competitive differentiation. Genpact will deploy its Cora Knowledge Assist, a gen-AI powered multilingual tool for faster customer query resolution, and Cora Nudge Coach, an AI-driven tool for personalized agent feedback.

In the coming months, Genpact plans to expand digital and data innovation across VWFS operations, implementing new gen AI solutions in areas such as intelligent document processing, training simulations, customer sentiment analysis, and compliance controls. These initiatives aim to enhance employee performance, reduce paperwork processing times, and improve overall customer experience for VWFS.

Genpact (NYSE: G) has appointed Nicholas "Nick" Gangestad to its Board of Directors, effective August 12th, 2024. Gangestad, currently the Senior Vice President and Chief Financial Officer at Rockwell Automation, will serve on Genpact's Board's Audit Committee. With over 30 years of finance and business expertise, Gangestad brings valuable insights to Genpact's board, particularly in finance and financial operations. Prior to his role at Rockwell Automation, he served as the Chief Financial Officer at 3M. Genpact's Chairman, Jim Madden, and President and CEO, Balkrishan "BK" Kalra, expressed enthusiasm about Gangestad's appointment, highlighting his expertise in finance and its potential to enhance the company's capabilities in serving clients.