Foreign exchange losses of $4.8 million (Rs 22.5 crore) took a toll on India’s largest business process outsourcing (BPO) firm Genpact’s bottom line, that dipped 6.3 per cent for the second quarter ended June 30.
Net income for the quarter under consideration stood at $27.8 million (Rs 130.6 crore) compared with $29.7 million (Rs 139.5 crore) in the corresponding quarter a year ago.
Total net revenue was up 12.7 per cent at $307.6 million (Rs 1,445.7 crore) from $272.9 million (Rs 1,282.6 crore) posted in the year-ago period.
“Our outlook remains positive. We continue to expect revenue growth in 2010 of 14-17 per cent and adjusted income from operations margin of 17-18 per cent,” said President and CEO Pramod Bhasin.
Revenues from clients other than GE, which Genpact refers to as global client revenues, grew 16.9 per cent and now represent 61.7 per cent of the BPO’s total revenues.
