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.
