BPO Giant Genpact Turns Around Results

http://www.insidearm.com/news/00004727-bpo-giant-genpact-turns-around-results/

Business process outsourcing leader Genpact (NYSE: G) announced net income in the first quarter of $19.7 million, a dramatic contrast to the $14.7 million loss in the same period a year ago.

Earnings per common share were $0.09, compared with a loss of $0.22 per share in the first quarter of 2007. Revenues reached $234.4 million, up 33 percent.

Genpact was divested by General Electric in 2007, but GE remains a major client with revenues derived from the industrial giant growing 1 percent over the first quarter of 2007.

Genpact also announced it had signed deals with a global insurance provider, a life sciences manufacturing company, a Chinese financial institution, and a North American automobile manufacturer. Genpact’s BPO activities accounted for 78 percent of revenues while work in information technology accounted for the rest.

BPO Giant Genpact Turns Around Results

Unknown Author

Featured Resources

Webinars

RA Compliance Corner: Managing the Mental Strain of Compliance

About