Genpact has announced results for Q1 2022:

• Revenues were $1,068.4m, 12.9%y/y,  14% in CC
• EBIT was $133.9m, an EBIT margin of 12.5%, down 1.0 bps y/y
• Adjusted EBIT was $160.-m, an adjusted EBIT margin of 15.0%, down 22.2bps y/y.

Q1 2022 revenue (and y/y growth) by client type was:

• Global Clients: $973.3m (+14.1%, +15% in CC)
• GE: $95.2m (+2.3%).

Q1 2022 revenue (and y/y growth) by sector was:

• BFSI: $276.2m (+14.0%)
• Consumer Goods $404.2m (+18.9%)
• Manufacturing and Services: $394.9m (+10.7%)
• Other: ($6.8) (-200.7%).

 Key clients at the end of Q1 2022: the number of clients in different bands of annual revenue contribution (and in the prior year period) is:

• >$25m:  29 (23)
• $5m-$15m: 90 (85)
• $15m-$25m: 119 (108)

As at end March 2021, Genpact has ~113,500 employees worldwide, up 16.9% from ~97.1k at end March 2021.

TTM attrition rate, measured from the first day of employment, was 33%, up from 25% previous year.

Full year revenue guidance is $4.325-$4.4bn, an increase of 9.0-11.0% in CC.