Genpact Q4 profit beats expectations

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Reuters New York
Last Updated : Jan 21 2013 | 2:06 AM IST

Business process and technology services provider Genpact Ltd posted a quarterly profit above analysts' expectations, helped by an increase in revenue from global clients, but forecast full-year revenue largely below Wall Street estimates.

Genpact forecast 2012 revenue of $1.84 billion to $1.88 billion, while analysts were expecting $1.88 billion, according to Thomson Reuters I/B/E/S.

Fourth-quarter net income attributable to shareholders rose to $61.1 million, or 27 cents a share, from $46 million, or 20 cents a share, a year ago.

Excluding items, Genpact earned 32 cents a share.

Revenue for the company, which competes with smaller rivals WNS Holdings Ltd and ExlService Holdings Inc, rose 30% to $442.7 million.

Analysts had expected earnings of 24 cents a share, excluding items, on revenue of $436.7 million.

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First Published: Feb 07 2012 | 12:00 AM IST

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