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Genpact (G) Posts In-Line Q1 Earnings, Revenues Rise Y/Y

Genpact LimitedG reported first-quarter 2017 non-GAAP earnings (including share based compensation) of 29 cents per share, which came in line with the Zacks Consensus Estimate and remained flat year over year.

Revenues increased 2.2% from the year-ago quarter to almost $623 million. Global clients (89% of total revenue) revenues increased 8% (9% at constant currency) to almost $554 million, while revenues from General Electric GE fell 28% to roughly $69 million (11% of total revenue).

Shares moved up almost 2% in the last couple of trading sessions following the results. We note that Genpact has outperformed the Zacks Outsourcing industry on a year-to-date basis. While the stock gained 4.9%, the industry lost 7.9%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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