Genpact Q4 profit beats expectations
Business process and technology services provider Genpact Ltd (G.N) posted a quarterly profit above analysts' expectations, helped by an increase in revenue from global clients, but forecast full-year revenue largely below Wall Street estimates.
Genpact forecast 2012 revenue of $1.84 billion to $1.88 billion, while analysts were expecting $1.88 billion, according to Thomson Reuters I/B/E/S.
Fourth-quarter net income attributable to shareholders rose to $61.1 million, or 27 cents a share, from $46 million, or 20 cents a share, a year ago.
Excluding items, Genpact earned 32 cents a share.
Revenue for the company, which competes with smaller rivals WNS Holdings Ltd (WNS.N) and ExlService Holdings Inc (EXLS.O), rose 30 percent to $442.7 million.
Analysts had expected earnings of 24 cents a share, excluding items, on revenue of $436.7 million.
Shares of Bermuda-based Genpact closed at $15.60 on Monday on the New York Stock Exchange.
Source :in.reuters.com