Genpact Limited reported its financial results for the first quarter of 2025, revealing a net revenue of $1.215 billion, a 7.4% increase from $1.131 billion in the same period last year. The company's gross profit also rose to $429 million, up 8.2% from $396 million, resulting in a gross margin improvement from 35.0% to 35.3%. Net income for the quarter was $130.9 million, reflecting an 11.9% increase compared to $116.9 million in the prior year, with earnings per share rising from $0.65 to $0.75.
The company experienced notable growth in its Data-Tech-AI services, which generated $581.9 million, an 11.1% increase from $523.8 million in the previous year. Digital Operations services also saw growth, reaching $633 million, up 4.2% from $607.4 million. The Financial Services segment reported a 6.8% increase in revenue, while the High Tech and Manufacturing segment grew by 10.9%. The overall increase in revenues was attributed to higher demand for technology services and successful ramp-ups from recently signed contracts.
In terms of operational metrics, Genpact's average headcount increased by 9.5% to approximately 142,900 employees, up from 130,500 a year earlier. The company also reported a significant increase in stock-based compensation expenses, which rose to $20 million from $9.2 million, reflecting its ongoing investment in talent and employee retention. Additionally, the company repurchased 1.2 million shares during the quarter at an average price of $52.17, part of its ongoing share repurchase program, which has a total authorization of $2.75 billion.
On the balance sheet, total assets decreased slightly to $4.895 billion from $4.987 billion, while total equity increased to $2.453 billion from $2.390 billion. The company’s cash and cash equivalents stood at $561.6 million, down from $648.2 million at the end of the previous year. Genpact's long-term debt remained stable, with a slight decrease from $1.195 billion to $1.189 billion. The company continues to maintain compliance with its financial covenants under its credit agreements.
Looking ahead, Genpact expressed optimism about its growth trajectory, driven by strong demand for its services and strategic investments in technology and talent. The company anticipates continued revenue growth, supported by its expanding client base and the successful execution of its business strategies.
About Genpact LTD
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