Genpact Q4 net declines 12.6% to $53.4 mn

Genpact Q4 net declines 12.6% to $53.4 mn  New York: BPO major Genpact Friday posted 12.6 percent decline in net profit to USD 53.4 million for the fourth quarter ended December 31, 2012.

This is against a net profit of USD 61.1 million for the same quarter last year, Genpact said in a statement.

Revenues for the reported quarter stood at USD 507.7 million, up 14.7 percent from USD 442.7 million in October-December 2011.

The company follows January to December fiscal year.

"In 2012, we delivered robust growth in revenues and adjusted operating income. In addition, we expanded and strengthened our capabilities across our enterprise services offerings, industry vertical markets and geographies with both investment initiatives and acquisitions," Genpact President and CEO N V Tyagarajan said.

For 2012, Genpact posted 3.3 percent decline in net profit to USD 178.2 million. Its net profit for 2011 stood at USD 184.3 million.

Revenues for the full year were up 18.8 percent to USD 1.9 billion from USD 1.6 billion in 2011.

While 76.6 percent of Genpact's revenues in 2012 came from business process management services, revenues from IT services was about 23.4 percent.

For the full year 2013, Tyagarajan said: "We expect revenues to be in a range of USD 2.15 billion to USD 2.20 billion, and adjusted operating income margin in a range of 15.8?16.3 percent."

"This guidance reflects the revenue contribution and slight margin dilution for the year resulting from the recently-announced acquisition of JAWOOD. Without the anticipated impact of JAWOOD, we would have expected 2013 adjusted operating income margin to be in a range of 16.0 percent to 16.5 percent,” he added.

PTI