Genpact reports 16% drop in profit to $62 million for June quarter

Business process management company Genpact on Friday posted a 16 per cent decline in net income to $62 million in the quarter ended on June 30, 2020.

The company, which has over 65 per cent of workforce in India, had posted a net income of $73.7 million in the same quarter a year ago.

Net revenues of Genpact increased by about 2 per cent during the quarter to $900 million from around $882 million in the corresponding quarter of 2019.

"Our second quarter results were much stronger than expected in light of the unprecedented environment the world is facing. Our