Genpact Reports 3rd Quarter 2022 Results.

NEW YORK: Genpact Limited (NYSE: G), a global professional services firm focused on delivering outcomes that transform businesses, today announced financial results for the third quarter ended September 30, 2022.

"We delivered another quarter of solid results with revenue, adjusted operating income margin and adjusted diluted EPS all in-line with our expectations," said "Tiger" Tyagarajan, Genpact's president and CEO. "Demand for both our Data-Tech-AI and Digital Operations services remained strong, as we continue to help clients address pressing challenges around cost and productivity, growth, mitigating risk and building long-term resiliency in their operating models. In these times, we believe the essential and non-discretionary nature of most of our services makes us even more valuable to our clients."

Key Financial Highlights - Third Quarter 2022

Total revenue was $1.111 billion, up 9% year-over-year (12% on a constant currency basis).1,2

Revenue from Data-Tech-AI services was $510 million, up 19% year-over-year (21% on a constant currency basis),1,2 representing 46% of total revenue.

Revenue from Digital Operations services was $601 million, up 2% year-over-year (6% on a constant currency basis),1 representing 54% of total revenue.

Net income was $96 million, down 6% year-over-year, with a corresponding margin of 8.6%.

Income from operations was $131 million, down 1.1% year-over-year, with a corresponding margin of 11.8%. Adjusted income from operations was $189 million, up 12% year-over-year, with a corresponding margin of 17.1%.4,5

Diluted earnings per share was $0.51, down 4% year-over-year, and adjusted diluted earnings per share3 was $0.75, up 14% year-over-year.

Income from operations and diluted earnings per share include a $21 million impairment charge as well as a $7 million loss related to the business...