Genpact revenue up 5% to $617.8 million

Genpact employee
IT services provider Genpact said its revenue rose 5 percent to $617.8 million in the third quarter ended September 30, 2015.

Income from operations grew 20 percent to $87.3 million.

“We signed three new large deals during the quarter, bringing the total for the year to seven. We continue to invest in digital capabilities,” said NV Tyagarajan, president and CEO of Genpact.

Revenue from Global Clients rose 7 percent to $503 million, representing approximately 81 percent of total revenues.

Revenue from GE fell 2 percent to $115 million, representing approximately 19 percent of total revenues.

Total BPO revenue increased 8 percent to $484 million, representing approximately 78 percent of total revenues.

Global Client BPO revenue rose 10 percent to $396 million. GE BPO revenue was stable at $88 million.

Total IT revenue fell 5 percent to $134 million, representing approximately 22 percent of total revenues.

Global Client IT revenue dipped 4 percent to $108 million.

GE IT revenue fell 9 percent to $27 million.

Genpact said its employees rose to 70,800 from 67,500 as of September 30, 2014. Genpact said its employee attrition rate increased to 29 percent from 27 percent.

Genpact expects total revenues to increase 10 percent to approximately $2.46 billion in 2015.

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