Getty ImagesGenpact reported a 9% decline in net profit to $75 million during the quarter to December. The business process management major reported a 1% growth in revenue during the fourth quarter to $951 million.
During the year-ago period, Genpact reported a net profit of $82.1 million on revenues of nearly $941 million.
For the full year ended on December 31, 2020 the company reported a 55% growth in revenue to $3.7 billion.
“Our performance during 2020 reflects our agility and culture of embracing change that allowed us to rapidly meet client needs and successfully pivot to new ways of working...The acceleration of digital transformation into new buying centers across all industries is expanding our total addressable market and providing us with many more opportunities to drive sustainable and profitable long-term growth,” said Tiger Tyagarajan, President and chief executive officer, Genpact.
The company said it has repurchased approximately 1.6 million of its common shares during the quarter for total consideration of approximately $63 million at an average price of $38.94 apiece.
Genpact expects its total revenue for the full year 2021 to be in the range of $3.93 to $3.99 billion.
During the year-ago period, Genpact reported a net profit of $82.1 million on revenues of nearly $941 million.
For the full year ended on December 31, 2020 the company reported a 55% growth in revenue to $3.7 billion.
“Our performance during 2020 reflects our agility and culture of embracing change that allowed us to rapidly meet client needs and successfully pivot to new ways of working...The acceleration of digital transformation into new buying centers across all industries is expanding our total addressable market and providing us with many more opportunities to drive sustainable and profitable long-term growth,” said Tiger Tyagarajan, President and chief executive officer, Genpact.
The company said it has repurchased approximately 1.6 million of its common shares during the quarter for total consideration of approximately $63 million at an average price of $38.94 apiece.
Genpact expects its total revenue for the full year 2021 to be in the range of $3.93 to $3.99 billion.