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EX - 99.1 2 g - ex991_6.htm EX - 99.1 Exhibit 99.1 genpact Transformation Happens Here Genpact Reports Second Quarter 2021 Results Total Revenue of $ 988 million , Up 10 % ( 7 % on a constant currency basis ) 1 Global Client Revenue of $ 893 million , Up 14 % ( 11 % on a constant currency basis ) 1,2 Diluted EPS of $ 0.53 , Up 66 % ; Adjusted Diluted EPS³ of $ 0.66 , Up 27 % Raises Outlook for Revenue , Adjusted Operating Income Margin and Adjusted Diluted EPS NEW YORK , August 5 , 2021 – Genpact Limited ( NYSE : G ) , a global professional services firm focused on delivering digital transformation , today announced financial results for the second quarter ended June 30 , 2021 . " Our second quarter performance saw Global Client revenue return to double - digit growth earlier than we anticipated . Driven by accelerated momentum in Transformation Services , particularly in Analytics , and the strength of our Intelligent Operations business , we exceeded our expectations on the top line , bottom line , and cash flow , " said “ Tiger ” Tyagarajan , Genpact's president and CEO . “ Our strategic investments in services such as supply chain , sales & commercial , and financial crimes & risk are proving to be extremely relevant for our clients , opening many new opportunities to create value in areas beyond just cost and productivity . " Key Financial Results – Second Quarter 2021 • • • • • Total revenue was $ 988 million , up 10 % year - over - year ( 7 % on a constant currency basis ) 1 . Revenue from Global Clients was $ 893 million , up 14 % 2 year - over - year ( 11 % on a constant currency basis ) 1,2 representing 90 % of total revenue , including $ 10 million of revenue from certain GE - divested businesses that is now included in Global Client revenue . Excluding the revenue from such GE - divested businesses , revenue from Global Clients increased 13 % year over year ( 10 % on a constant currency basis ) 1 . Revenue from GE was $ 95 million , down 19 % year - over - year , representing 10 % of total revenue . This excludes $ 10 million of revenue from certain GE - divested businesses that is now included as Global Client revenue . If the revenue from these GE - divested businesses had been counted as GE revenue in the second quarter of 2021 , revenue from GE would have decreased 10 % year - over - year . Net income was $ 103 million , up 65 % year - over - year , with a corresponding margin of 10.4 % . Income from operations was $ 137 million , up 52 % year - over - year , with a corresponding margin of 13.9 % . Adjusted income from operations was $ 177 million , up 22 % year - over - year , with a corresponding margin of 17.9 % .4 Diluted earnings per share was $ 0.53 , up 66 % year - over - year , and adjusted diluted earnings per share3 was $ 0.66 , up 27 % year - over - year . Cash generated from operations was $ 161 million , compared to $ 192 million during the second quarter of 2020 . 1 Revenue growth on a constant currency basis is a non - GAAP measure and is calculated by restating current - period activity using the prior fiscal period's foreign currency exchange rates adjusted for hedging gains / losses in such period . 2 Global Client revenue for the second quarter of 2021 includes revenue from certain businesses divested by GE that we continue to serve as Global Clients . Revenue from such businesses has been counted as Global Client revenue beginning January 1 , 2021 . 3 Adjusted diluted earnings per share is a non - GAAP measure . A reconciliation of GAAP diluted earnings per share to adjusted diluted earnings per share is attached to this release . 4 Adjusted income from operations and adjusted income from operations margin are non - GAAP measures . Reconciliations of each of GAAP income from operations and GAAP net income to adjusted income from operations and GAAP income from operations margin and GAAP net income margin to adjusted income from operations margin are attached to this release .