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Business process outsourcing firm Genpact has reported a net profit of $61.1 million for the second quarter ended June 30, up 56.6 per cent from $39 million in the corresponding period last year.
The company announced that it expects to pay a special cash dividend to all shareholders of $2.24 per common share of around $500 million in total.
The NYSE-listed company follows January to December financial year. Driven by growth in revenue from global clients, its revenue grew by 18 per cent to $467.6 million during the quarter from $397.6 million in the second quarter of 2011, the company said. “Revenue growth was broad based across all our geographies, including Europe, and all major service lines, including finance and accounting,” N.V. Tyagarajan, President and Chief Executive Officer, Genpact, said.
He said it got 35 new clients this quarter across all major industry groups, up from 26 in the second quarter of 2011. It has $442 million of cash on its balance sheet and would continue to pursue acquisitions for growth. “In an uncertain macro-environment, we continue to expect full-year revenue to be in a range of $1.86-1.90 billion, and adjusted operating income margin in a range of 16-16.5 per cent,” he added.
> ronendrasingh.s @thehindu.co.in
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