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Genpact Sees Q2 Revenue $1.143B-$1.148B Vs $1.13B Est.

Author: Benzinga Newsdesk | May 09, 2024 04:16pm

Genpact's outlook for the second quarter of 2024 is as follows:

Total revenue in the range of $1.143 billion to $1.148 billion, representing year-over-year growth of approximately 3.4% to 3.8% as reported, or 3.6% to 4.0% on a constant currency basis.1
- Digital Operations revenue growth of approximately 5.4% year-over-year and Data-Tech-AI revenue growth of approximately 1.6% year-over-year at the midpoint of the range, as reported.
- Digital Operations revenue growth of approximately 5.7% year-over-year and Data-Tech-AI revenue growth of approximately 1.6% year-over-year at the midpoint of the range, on a constant currency basis.1
Gross margin of approximately 34.8%.
Adjusted income from operations margin8 of approximately 16.5%.

The outlook presented above reflects the updated classification of Digital Operations and Data-Tech-AI revenue.5

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