Genpact has announced results for Q4 and full year 2021.

Q4 2021:

• Revenues were $1,072.3m, up 12.8% y/y, up 13% in CC
• EBIT was $111.9m, an EBIT margin of 10.4%, down 146 bps y/y
• Adjusted EBIT was $154.1m, an adjusted EBIT margin of 14.4%, down 116 bps y/y.

Q4 2021 revenue (and y/y growth) by client type was:

• Global Clients: $979m (+16.3%, +16% in CC), representing 91.3% of total revenues:
• GE: $93m (+15.7%)

Q4 2021 revenue (and y/y growth) by sector was:

• BFSI: $266.2m (-2.6%)
• Consumer Goods $408.4 (+22.1%)
• Manufacturing and Services: $397.4m (+15.9%)
• Other: $3.3m.

Full year 2021:

• Revenues were $4,022m, up 8.4% y/y, up 7% in CC
• EBIT was $509m, an EBIT margin of 12.7%, up 83 bps y/y
• Adjusted EBIT was $663m, an adjusted EBIT margin of 16.5%, up 60 bps y/y.

Full year 2220 revenue (and growth) by client type was:

• Global Clients: $3,646m (+12.2%,+11% in CC)
• GE: $376m (-18%)

Full year 2021 revenue (and y/y growth) by sector was:

• BFSI: $1,017m (-5.8%)
• Consumer Goods $1,510m (+19.4%)
• Manufacturing and Services: $1,479m (+6.5%)
• Other: $17m.

Full year new bookings were ~$3.7bn, a increase of 20%

Key clients at the end of 2020: the number of clients in different bands of annual revenue contribution (and in the prior year period) is:

• >$25m: 26 (24)
• $5m-$15m: 86 (85)

Initial guidance for 2022 includes:

• Revenues of $4.3 -4.4bn, up 7% to 9%, up 8% to 10% in CC, with Global Clients revenue up 9% to 12% in CC
• Adjusted operating margin of around 16.0%-16.5%.