Indianinfoline reports:
Genpact Limited, second quarter 2008 revenues were US$253.6mn, up 26% from the second quarter of 2007. Net income was US$24.8mn, up 250% from US$7.1mn in the second quarter of 2007; net income margin for the second quarter of 2008 was 9.8%, up from 3.5% in the second quarter of 2007.
Further, Pramod Bhasin, Genpact’s President and CEO said:
“Our excellent second quarter results continue our track record of strong growth and delivering on our commitments. Given our results to date and our expectations for the remainder of the year, we are increasing our full year revenue guidance and our guidance on adjusted income from operations margin.
We expect revenues for the full year to grow organically by 26-28% from US$823mn in 2007. As a result of increased internal efficiencies, a shift towards higher value work and improved pricing for the value we deliver, we now expect our adjusted income from operations margin to improve by 80 to 100 basis points to between 17.1% and 17.3% in 2008 from 16.3% in 2007.
Genpact’s Six Sigma, process and technology expertise are driving market penetration and sustainable, superior growth as we create value for our clients and all our key stakeholders.”
