Genpact has announced results for Q2 2014, the period ended June 30, 2014:

• Revenues were $561.6m, up 5% y/y
• EBIT was $73.1m, an EBIT margin of 13.0%, down 157 bps y/y
• Adjusted EBIT was $87.6m, an adjusted EBIT margin of 15.6%, down 108 bps y/y.

Q2 2014 revenue (and y/y revenue growth) by client type was:

• Global Clients $441.8m (+6.9%). Non-GE clients now account for 78.7% of total revenues
• GE $119.8m (-1.2%).

Q2 2014 revenue (and y/y growth)) by service line was:

• BPM $424.6m (+5.7%) (+8.7% from Global Clients, particularly in the CPG, life sciences, insurance and capital markets sectors)
• IT Services $137.0m (+3.2%).

Q2 2013 revenue (and y/y growth) by sector was:

• BFSI: $221.8m (+13.1%)
• Manufacturing, including Pharma, $171.1m (+7.9%)
• Other $141.9m (+25.7%).

Q2 2013 revenue (and y/y revenue growth) by geography, in terms of service delivery, was:

• India $350.8m (+11.8%)
• Asia other than India $54.9m  (+8.2%)
• Americas $75.0m (+34.3%)
• Europe $54.0m (+14.2%).

Key clients: the number of clients in different bands of annual revenue contribution (and in the prior year period) is:

• >$25m: 12 (10)
• $15m-$25m: 14 (11)
• $5m-$15m: 55 (41).

In Q2 2013 the top five clients (excluding GE) accounted for 12.6% of total revenue (Q1 2013: 13.1%).

As at end June 2014, Genpact has ~66.9k employees worldwide, up from ~60.2k at end June 2013.

Genpact's employee attrition rate for H1 2014, measured from day one of employment, was 24%, compared to 25% for H1 2013.

Annualized revenue per employee for the quarter was $34.9k, down from $35.6k in H1 2013.

Guidance for full year 2014 is confirmed as:

• Revenues in the range of $2.24bn to $2.28bn
• Adjusted operating margin in the range of 15.0% to 15.5%.