Genpact Raises FY24 EPS Range From $3.00-$3.03 To $3.01-$3.04 Vs $3.01 Est.; Revenue $4.59B-$4.63B Vs $4.59B Est.
Portfolio Pulse from Benzinga Newsdesk
Genpact has updated its FY24 earnings and revenue outlook, raising its EPS range from $3.00-$3.03 to $3.01-$3.04, and maintaining its revenue forecast between $4.59B-$4.63B. The company expects year-over-year revenue growth of 2.5% to 3.5%, an increase from previous estimates. Digital Operations and Data-Tech-AI revenue growth forecasts have also been revised upwards. Gross margin is expected to improve to 35.3%, and adjusted income from operations margin is projected at 17.0%.
May 09, 2024 | 8:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Genpact raises its FY24 EPS forecast slightly and maintains its revenue outlook, indicating a positive adjustment in its financial expectations.
The upward revision in Genpact's EPS and the steady revenue outlook, along with improved growth forecasts in Digital Operations and Data-Tech-AI, suggest a positive outlook for the company. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100