New Delhi: Outsourcing firm Genpact on Tuesday
reported a rise of 20% in net income at USD 29.7
million (about Rs 141 crore) for the second quarter of the
current fiscal.
Revenues increased by 8 per cent to USD 272.9 million
(about Rs 1,297 crore) in the second quarter, Genpact said in
a statement.
"Despite what remains a challenging economic environment,
we delivered growth in the quarter, both year-over-year and
sequentially, in revenue, margins, operating income and cash
flow. Revenue increased 8 per cent year-over-year to USD 273
million, reflecting superior growth in our Global Client
business, as well as across regions," Genpact President and
CEO Pramod Bhasin said.
"These improved results reflect our operational
excellence and cost management expertise, and give us
confidence in our margin outlook for the year," he added.
Genpact said about 83 per cent of its revenues for the
quarter came from business process services, while revenues
from IT services were about 17 per cent of total revenues.
Bureau Report
First Published: Tuesday, August 04, 2009, 22:20