G - Genpact Limited

Genpact Limited delivers business process outsourcing (BPO) and IT services — including finance and accounting outsourcing, supply chain management, and analytics — primarily under multi-year managed services contracts with large global enterprises. The company's core customer model is B2B enterprise services with long-term contracts, serving clients in financial services, manufacturing, consumer goods, and healthcare sectors. Genpact generates approximately $4.5B in annual revenue, with the United States as its largest market accounting for roughly 60% of revenue, and significant delivery operations based in India. The company was originally spun out of GE Capital in 2005 and retains GE as a legacy anchor client alongside a diversified roster of Fortune 500 enterprises.

Past Year Trends

• Genpact's Advanced Technology Solutions segment grew 17.0% year-over-year in FY2025 to $1.204 billion, while total company revenue reached $5.08 billion, up 6.6% YoY, as AI-enabled services outpaced the legacy BPO business mix. (Bullish)
• Genpact acquired XponentL Data in June 2025, a data products and AI solutions firm, to add domain-led data strategy and engineering capabilities and accelerate its AI transformation service offerings for enterprise clients. (Bullish)
• Adjusted diluted EPS expanded consistently across 2025 quarters—Q1 +16% to $0.84, Q2 +11.4% to $0.88, Q3 +14.1% to $0.97—signaling sustained margin improvement even as revenue growth remained mid-single-digit for the overall company. (Bullish)

Next Year Trends

• Genpact has guided to at least 15% annual growth in its Advanced Technology Solutions segment for both 2026 and 2027, underpinned by an expanding agentic AI product roadmap targeting procurement, supply chain, insurance, and banking verticals. (Bullish)
• A deepened Google Cloud alliance announced in May 2026 positions Genpact to commercialize specialized agentic AI finance tools for CFOs through Google Cloud's Agent Marketplace, creating a new distribution channel but also increasing revenue concentration around a single hyperscaler partnership. (Neutral)
• Genpact's Core Business Services segment—roughly $962 million in quarterly revenue growing at only 3.8% YoY as of Q2 2025—faces headwinds from AI-driven automation that could commoditize traditional finance-and-accounting BPO work, compressing pricing and volume in Genpact's largest legacy revenue base. (Bearish)

Red Flags

No severe red flags identified as of August 2025.