Genpact Limited, a global leader in business process and technology management, has announced financial results for the first quarter ended March 31, 2011.
Key Financial Results – First Quarter 2011
•Revenues were $330.6 million, up 14.7% from $288.2 million in the first quarter of 2010. Revenues from Global Clients were up 23.6%, and business process management revenues from Global Clients were up 27.5%.
•Net income attributable to Genpact Limited shareholders was $36.1 million, up 28.2% from $28.2 million in the first quarter of 2010; net income margin for the first quarter of 2011 was 10.9%, up from 9.8% in the first quarter of 2010.
•Diluted earnings per common share were $0.16, up 27.3% from $0.13 per share in the first quarter of 2010.
•Adjusted income from operations totaled $51.2 million, up 16.6% from $44.0 million in the first quarter of 2010.
•Adjusted income from operations margin was 15.5%, up from 15.3% in the first quarter of 2010.
•Adjusted diluted earnings per share were $0.18, up 18.4% from $0.15 in the first quarter of 2010.
Pramod Bhasin, Genpact's President and CEO said, "Genpact delivered a very good quarter, with strong growth in revenues, income, earnings per share and cash flows. Revenues from business process management services for Global Clients continued to be our growth engine. We are also thrilled that we closed our acquisition of Headstrong Corporation on May 3rd, which brings exceptional high-end capital markets domain and technology expertise that, combined with our capabilities in business process management (BPM) and Smart Decision Services that encompass analytics, reengineering and risk management, creates a uniquely powerful value proposition for clients."