Genpact 4Q Results Top Wall Street Expectations

Published February 7, 2012 12:18AM (EST)

NEW YORK (AP) — Genpact Ltd. said Monday that its fourth-quarter net income rose nearly 33 percent on stronger revenue. Its results topped Wall Street's expectations.

The company, which helps companies manage their business processes and technology, reported after the market closed that it earned $61.1 million, or 27 cents per share, for the quarter that ended Dec. 31. That's up from $46 million, or 20 cents per share, in the same quarter last year.

After adjusting for acquisition costs, certain tax benefits and other unusual items, it earned 32 cents per share versus 23 cents per share in the same quarter last year.

Genpact's revenue rose nearly 30 percent to $442.7 million.

Analysts polled by FactSet anticipated the company would earn 24 cents per share on $437.4 million.

The company also reported that it earned $184.3 million, or 81 cents per share, for the full year versus $142.2 million, or 63 cents per share, last year. Annual revenue rose 27 percent to $1.60 billion from $1.26 billion.

Genpact said that it has a healthy pipeline of business and with its reach of services across industries and geographies, it is confident in the future. The company expects to generate revenue of $1.84 billion to $1.88 billion for 2012. Analysts forecast revenue of $1.88 billion for the year.

Shares of the New York-based company fell 5 cents to close at $15.60 but were unchanged in after-hours trading.

By Salon Staff

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