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Genpact Q2 net rises 56% to $61.1 mn

PTI     August 2, 2012
Genpact on Thursday reported a 56.6 per cent rise in net profit at $61.1 million for the second quarter ended June 30, primarily driven by growth in revenues from global clients.

The BPO major had posted a net profit of $39 million in the April-June quarter of 2011.

The company follows January-December as its financial year.

Revenues in the reported quarter stood at $467.6 million, up 17.6 per cent from $397.6 million in the second quarter of 2011.

Business process management and technology services revenues from global clients were up 19.8 per cent and 38.4 per cent, respectively.

The company said it expects to pay a special cash dividend to all shareholders of $2.24 per common share, or about $500 million in total.

"Genpact had another great quarter with strong growth in revenues. Revenue growth was broad based across all our geographies, including Europe, and all major service lines, including finance and accounting," Genpact President and CEO N V Tyagarajan said.

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