Genpact net income up 27%

India's largest business process outsourcing (BPO) company, Genpact today reported a 27 per cent increase in net income at $16.30 million (around Rs 64.4 crore) for the third quarter ended September 30, 2007.

The revenues in the quarter were up 32 per cent to $214.6 million (around Rs 847.67 crore) year-on-year and up 7 per cent from the second quarter of 2007.

For the year, Genpact announced an increase in its revenue guidance to 30-32 per cent from an earlier prediction of 28-30 per cent, when compared with its year-end 2006 results.

Meanwhile, the adjusted income from operations margin is expected to remain relatively constant. The revision in future guidance has been attributed to the strong business demand among clients.

The company's revenue growth has come from its banking, financial services and insurance (BFSI) clients and its manufacturing clients, with each group contributing approximately 45 per cent of net revenues.

The mix between business process services and IT services offered by Genpact has also remained fairly constant at approximately 75 per cent and 25 per cent of net revenues, respectively.

Pramod Bhasin, president and CEO, Genpact, said "Clients seeking to benefit from our focus on operational excellence and continuous improvement based on our deep Six Sigma, Lean and re-engineering expertise have driven our growth."