Genpact Q3 Net income rises 13% to $133 million

Global professional services and business process management firm Genpact has posted a 13% YoY increase in net income, which stood at $133 million, for the third quarter of the year.

The company follows a January to December financial year.

Total revenue was $1.21 billion in the quarter ended September, up 7% YoY, both on an as reported and constant currency basis. Gross profit was up 7% YoY at $431 million, with a 35.6% margin, the company said on Thursday.

For the fourth quarter, Genpact forecasts revenue in the range $1.222 billion to $1.233 billion, representing 6.6-7.6% YoY growth, with constant currency growth projected at 5.8-6.8%. Gross margins are expected to remain flat at 35.6%.

For the full year 2024, revenue is expected to grow 5.9-6.1% as reported or 6-6.2% on a constant currency basis, in the range $4.740 billion to $4.751 billion.

"We delivered strong results again this quarter, with accelerating revenue growth, driven primarily by client trust in our ability to innovate across data, tech and AI," said Balkrishan 'BK' Kalra, Genpact's president and CEO.