Bengaluru, February 7, 2025 – Genpact Limited, a global advanced technology services and solutions company, today announced financial results for the fourth quarter and full year ended December 31, 2024.
“We delivered another strong quarter to close out what has been an outstanding year for Genpact. Q4 revenue grew 9% with Data-Tech-AI up 12%, driving accelerating revenue growth. For the full year, revenue grew 6.5%, with adjusted EPS growth of 10%, consistent with our long-term objective of growing adjusted EPS faster than revenue. We also delivered record new bookings of $5.7 billion, up 15%, building on exceptionally strong new bookings in 2023,” said Balkrishan “BK” Kalra, Genpact’s President and CEO. “Looking ahead, we are incredibly excited about the future as we accelerate the pace of innovation and change at Genpact. Building on our industry-specific domain expertise, our investment in Data, AI and Agentic Solutions is positioning us as a clear leader in AI-driven transformation and driving superior value for our clients.”
Key Financial Highlights – Full Year 2024
- Net revenues were $4.77 billion, up 6.5% year-over-year on an as reported basis, and 6.7% on a constant currency basis.1,2
- Data-Tech-AI net revenues were $2.23 billion, up 6.9% year-over-year, both on an as reported and constant currency basis,1,2,4 representing 47% of total revenue.
- Digital Operations net revenues were $2.53 billion, up 6.1% year-over-year on an as reported basis, and 6.5% on a constant currency basis,1,4 representing 53% of total revenue.
- Gross profit was $1.69 billion, up 8% year-over-year, with a corresponding margin of 35.5%.
- Net income was $514 million, down 19% year-over-year, with a corresponding margin of 10.8%.6
- Income from operations was $702 million, up 11% year-over-year, with a corresponding margin of 14.7%.
- Adjusted income from operations was $814 million, up 7% year-over-year, with a corresponding margin of 17.1%.6,7
