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Genpact Limited (G-0.44%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing net revenues of $1,210.9 million, up from $1,135.8 million in the same quarter the previous year. The increase is attributed to growth in both Data-Tech-AI and Digital Operations services.
Cost of revenue for the quarter was $779.5 million, representing 64.4% of sales, compared to 64.5% in the same quarter of the previous year.
The company reported a gross profit of $431.4 million for the quarter, compared to $402.8 million in the previous year.
Selling, general, and administrative expenses increased to $243.3 million from $229.7 million, primarily due to increased sales and marketing expenses.
Net income for the quarter was $132.8 million, up from $117.6 million in the previous year.
Cash provided by operating activities was $412.2 million, while cash used in investing and financing activities was $64.7 million and $92.6 million, respectively.
Genpact had a working capital of $1,022.6 million as of September 30, 2024. The company continues to focus on its growth and expansion plans, including dividend payments and share repurchases.
The filing also details various financial agreements, including a revolving credit facility and senior notes issued in 2024.
Genpact does not anticipate any material adverse effects from pending legal proceedings.
The company continues to monitor economic conditions and geopolitical tensions, including conflicts in Ukraine and the Middle East, for potential impacts on its operations.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Genpact Limited quarterly 10-Q report dated November 12, 2024. To report an error, please email earnings@qz.com.