Needham analyst Mayank Tandon has reiterated the Buy rating on Genpact Limited (NYSE:G), but lowered the price target to $50 from $56. This follows Genpact's Q2 results, which showed a 2% Y/Y increase in total revenue to $1.106 billion, missing street view. The company's FY23 and FY24 revenue outlooks have been lowered due to ongoing economic uncertainty causing volume reductions and reduced ST project spend. Despite this, Tandon believes Genpact's demand for core BPO/analytics services remains strong and expects the company to deliver solid low-double-digit revenue growth.