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Genpact Announces Q1 2021 Revenues Up 2.5% (Up 1% in CC) to $946m

Financial Results

by Charlotte Carter

published on May 11, 2021

Genpact has announced results for Q1 2021:

  • Revenues were $946.1, up 2.5 y/y,  up 1% in CC
  • EBIT was $127.9m, an EBIT margin of 13.5%, up 153 bps y/y
  • Adjusted EBIT was $162.7m, an adjusted EBIT margin of 17.2%, up 249 bps y/y.

Q1 2021 revenue (and y/y growth) by client type was:

  • Global Clients: $853.1m (+6.4 %, +5% in CC)
  • GE: $93.0m (-23.5%).

Q1 2021 revenue (and y/y growth) by sector was:

  • BFSI: $242.3m (-9.8%)
  • Consumer Goods $340.0 (11.4%)
  • Manufacturing and Services: $356.9m (+0.8%)
  • Other: ($6.8m) (-236%).

 Key clients at the end of Q1 2021: the number of clients in different bands of annual revenue contribution (and in the prior year period) is:

  • >$25m: 23 (29)
  • $5m-$15m: 85 (76)
  • $15m-$25m: 108 (105)

As at end March 2020, Genpact has ~97,100 employees worldwide, up 0.3% from ~96.8k at end March 2019.

TTM attrition rate, measured from the first day of employment, was 25%, down from 26% previous year.

Full year revenue guidance is $3.93-$3.99bn, a increase of 5.0-6.5% in CC.

VendorGenpact
Initial currency type (specify local currency used)US$
Period Ending2021-03-31
Growth2.5
Revenues ((m) in local currency946.1
Revenues (in $m at that date)946.1

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