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.