Genpact reports Q3 2011 results
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Genpact has announced financial results for the third quarter ended September 30, 2011. Revenues were $429.6 million, up 33.6% from $321.6 million in the third quarter of 2010. Revenues from Global Clients were up 53.6% and business process management revenues from Global Clients were up 22.9%. Net income attributable to Genpact Limited shareholders was $48.0 million, up 19.7% from $40.1 million in the third quarter of 2010; net income margin for the third quarter of 2011 was 11.2%, compared to 12.5% in the third quarter of 2010. Diluted earnings per common share were $0.21, up 18.7% from $0.18 in the third quarter of 2010. Adjusted diluted earnings per share were $0.26, up 25.9% from $0.20 in the third quarter of 2010. N.V. 'Tiger' Tyagarajan, Genpact's president and CEO said, "Genpact delivered another great quarter in Q3, with strong growth in revenues, adjusted operating income, earnings per share and cash flows. Overall...