Genpact Reports Second Quarter 2025 Results
Net Revenues of $1.254 billion, Up 6.6% (6.2% constant currency)1Data-Tech-AI Net Revenues of $599 million, Up 9.7% (9.5% constant currency)1Digital Operations Net Revenues of $655 million, Up 4.0% (3.4% constant currency)1Advanced Technology Solutions Net Revenues2 of $293 million, Up 17.3%Core Business Services Net Revenues2 of $962 million, Up 3.8% Diluted EPS of $0.75, Up 11.9%; Adjusted Diluted EPS3 of $0.88, Up 11.4%
NEW YORK, Aug. 7, 2025 /PRNewswire/ -- Genpact Limited (NYSE:G), a global advanced technology services and solutions company, today announced financial results for the second quarter ended June 30, 2025.
"We delivered another strong quarter, with results above the high end of our guidance range, reflecting healthy growth driven by GenpactNext. Second quarter revenue increased 7% year-over-year, driven by accelerating growth in Advanced Technology Solutions, up 17%. For the full year, we are increasing guidance, with 5% revenue growth now expected at the midpoint of the range and adjusted diluted EPS again growing faster than revenue," said Balkrishan "BK" Kalra, Genpact's President and CEO. "Looking ahead, our simple yet powerful strategy, to integrate Advanced Technology Solutions and strengthen our last mile advantage, positions Genpact as a clear partner of choice for AI-driven transformation, accelerating growth for our clients and ourselves."
Key Financial Highlights, Second Quarter 2025
Net revenues were $1.254 billion, up 6.6% year-over-year, and up 6.2% on a constant currency basis.1
Data-Tech-AI net revenues were $599 million, up 9.7% year-over-year, and up 9.5% on a constant currency basis,1 representing 48% of total net revenues.
Digital Operations net revenues were $655 million, up 4.0% year-over-year, and up 3.4% on a constant currency basis,1 representing 52% of total net revenues.
Advanced Technology Solutions net revenues2 were $293 million, up 17.3% year-over-year, representing 23% of total net revenues.
Core Business Services net revenues2 were $962 million, up 3.8% year-over-year, representing 77% of total net revenues.
Gross profit was $450 million, up 8.1% year-over-year, with a corresponding margin of 35.9%.
Net income was $133 million, up 8.8% year-over-year, with a corresponding margin of 10.6%.
Income from operations was $179 million, up 5.4% year-over-year, with a corresponding margin of 14.3%.
Adjusted income from operations was $217 million, up 9.5% year-over-year, with a corresponding margin of 17.3%.4
Diluted earnings per share was $0.75, up 11.9% year-over-year.
Adjusted diluted earnings per share3 was $0.88, up 11.4% year-over-year.
Cash generated from operations was $177 million, down from $209 million in the second quarter of 2024.
Genpact repurchased approximately 700,000 common shares during the quarter for total consideration of approximately $30 million at an average price per share of $43.40.
Outlook
Genpact's outlook for the third quarter of 2025 is as follows:
Net revenues in the range of $1.258 billion to $1.270 billion, representing year-over-year growth of approximately 3.9% to 4.9% as reported, or 3.1% to 4.1% on a constant currency basis.1
Data-Tech-AI net revenues growth of approximately 6.7% year-over-year at the midpoint of the range, or 6.2% year-over-year on a constant currency basis.1
Digital Operations net revenues growth of approximately 2.3% year-over-year at the midpoint of the range, or 1.3% year-over-year on a constant currency basis.1
Gross margin of approximately 36.0%.
Adjusted income from operations margin5 of approximately 17.5%.
Adjusted diluted EPS6 in the range of $0.89 to $0.90.
Genpact's updated outlook for the full year 2025 is as follows:
Net revenues in the range of $4.958 billion to $5.053 billion, representing year-over-year growth of approximately 4.0% to 6.0% as reported, or 3.7% to 5.7% on a constant currency basis,1 up from the prior guidance of approximately 2.0% to 5.0%, as reported.
Data-Tech-AI net revenues growth of approximately 7.4% year-over-year as reported, or 7.2% year-over-year on a constant currency basis,1 up from the previous midpoint of 5.1%, as reported.
Digital Operations net revenues growth of approximately 2.9% year-over-year as reported, or 2.5% year-over-year on a constant currency basis,1 up from the previous midpoint of 1.9%, as reported.
Gross margin of approximately 36.0%, no change from the prior guidance.
Adjusted income from operations margin5 of approximately 17.4%, up from the prior guidance of 17.3%.
Adjusted diluted EPS6 in the range of $3.51 to $3.58, up from the prior range of $3.41 to $3.52.
Second Quarter 2025 Earnings Call
Genpact's management will host a conference call on August 7, 2025, at 5:00PM ET to discuss the company's performance for the second quarter ended June 30, 2025. Participants are encouraged to register here to receive a dial-in number and unique PIN for seamless access. It is recommended to join 10 minutes before the call starts, although registration and dial-in will be available at any time. A live webcast will be available on the Genpact Investor Relations website. For those unable to attend the live call, an archived replay and transcript will be available on the website shortly after the call.
About GenpactGenpact (NYSE:G) is an advanced technology services and solutions company that delivers lasting value for leading enterprises globally. Through our deep business knowledge, operational excellence, and cutting-edge solutions, we help companies across industries get ahead and stay ahead. Powered by curiosity, courage, and innovation, our teams implement data, technology, and AI to create tomorrow, today.
Safe Harbor This press release contains certain statements concerning our future growth prospects, including our outlook for 2025, financial results and other forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those in such forward-looking statements. These risks, uncertainties, and other factors include but are not limited to macroeconomic uncertainty, U.S. and global trade and tariff policies and general economic conditions, any deterioration in the global economic environment and its impact on our clients, our ability to develop and successfully execute our business strategies, technological innovation, including AI technology and future uses of agentic AI, generative AI and large language models, and our ability to invest in new technologies and adapt to industry developments at sufficient speed and scale, our ability to effectively price our services and maintain pricing and employee utilization rates, general inflationary pressures and our ability to share increased costs with our clients, wage increases in locations in which we have operations, our ability to attract and retain skilled professionals, our ability to protect our and our clients' data from security incidents or cyberattacks, the economic and other impacts of geopolitical conflicts and any related sanctions and other measures that have been or may be implemented or imposed in response thereto, as well as any potential expansion or escalation of existing conflicts or economic disruption beyond their current scope, a slowdown in the economies and sectors in which our clients operate, a slowdown in the sectors in which we operate, the risks and uncertainties arising from our past and future acquisitions or divestitures, our ability to convert bookings to revenues, our ability to manage growth, factors which may impact our cost advantage, changes in tax rates and tax legislation and other laws and regulations, our ability to effectively execute our tax planning strategies, claims and lawsuits, including by clients, employees or other third parties, risks and uncertainties regarding fluctuations in our earnings, foreign currency fluctuations, political, economic or business conditions in countries in which we operate, as well as other risks detailed in our reports filed with the U.S. Securities and Exchange Commission, including Genpact's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. These filings are available at www.sec.gov. Genpact may from time to time make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. Although Genpact believes that these forward-looking statements are based on reasonable assumptions, you are cautioned not to put undue reliance on these forward-looking statements, which reflect management's current analysis of future events and should not be relied upon as representing management's expectations or beliefs as of any date subsequent to the time they are made. Genpact undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of Genpact.
Contacts
Investors
Tyra Whelton
+1 (908) 418-2995
Media
Judith Schunke
+44 (0) 7887 661155
GENPACT LIMITED AND ITS SUBSIDIARIESConsolidated Balance Sheets(Unaudited)(In thousands, except per share data and share count)
As of December 31, 2024
As of June 30, 2025
Assets
Current assets
Cash and cash equivalents
$ 648,246
$ 663,260
Short-term investments
23,359
—
Accounts receivable, net of allowance for credit losses of $12,094
and $26,830 as of December 31, 2024 and June 30, 2025,
respectively
1,198,606
1,266,653
Prepaid expenses and other current assets
209,893
205,116
Total current assets
$ 2,080,104
$ 2,135,029
Property, plant and equipment, net
207,943
219,405
Operating lease right-of-use assets
182,190
194,676
Deferred tax assets
269,476
244,326
Intangible assets, net
26,950
77,435
Goodwill
1,669,769
1,793,903
Contract cost assets
200,900
207,498
Other assets, net of allowance for credit losses of $7,320 and $7,861 as of
December 31, 2024 and June 30, 2025, respectively
349,821
435,408
Total assets
$ 4,987,153
$ 5,307,680
Liabilities and equity
Current liabilities
Short-term borrowing
—
85,000
Current portion of long-term debt
26,173
375,714
Accounts payable
36,469
43,947
Income taxes payable
35,431
56,197
Accrued expenses and other current liabilities
812,994
777,668
Operating leases liability
52,672
53,913
Total current liabilities
$ 963,739
$ 1,392,439
Long-term debt, less current portion
1,195,267
833,373
Operating leases liability
153,587
162,941
Deferred tax liabilities
15,908
17,013
Other liabilities
269,041
315,303
Total liabilities
$ 2,597,542
$ 2,721,069
Shareholders' equity
Preferred shares, $0.01 par value, 250,000,000 authorized, none issued
—
—
Common shares, $0.01 par value, 500,000,000 authorized, 174,661,943
and 174,264,642 issued and outstanding as of December 31, 2024 and
June 30, 2025, respectively
1,740
1,735
Additional paid-in capital
1,945,261
1,964,966
Retained earnings
1,236,696
1,347,377
Accumulated other comprehensive income (loss)
(794,086)
(727,467)
Total equity
$ 2,389,611
$ 2,586,611
Total liabilities and equity
$ 4,987,153
$ 5,307,680
GENPACT LIMITED AND ITS SUBSIDIARIESConsolidated Statements of Income(Unaudited)(In thousands, except per share data and share count)
Three months ended June 30,
Six months ended June 30,
2024
2025
2024
2025
Net revenues
$ 1,176,212
$ 1,254,418
$ 2,307,449
$ 2,469,344
Cost of revenue
759,834
804,350
1,494,593
1,590,282
Gross profit
$ 416,378
$ 450,068
$ 812,856
