Genpact reports marginal rise in Q2 net incomeBS Reporter / New Delhi August 21, 2007Within a month of being listed on the New York Stock Exchange(NYSE), India's largest BPO Genpact has reported a 1% rise in net income for the second quarter ended 30 June, 2007 - to $7.1 million from $7 million in the corresponding period a year ago. Sequentially, the company's net income saw a 284% rise from first quarter of 2007.The net income margin declined to 4% from 5% in the second quarter 2006 which the company said was due to global taxes which are now being eliminated as a result of changes in the holding structure post-IPO. The revenues for the second quarter stood at $200.5 million, an increase of 42% from the corresponding quarter in the previous year.Commenting on the second quarter result, Pramod Bhasin, president & CEO, Genpact said:
