10-Q quarterly report · filed May 8, 2015

Genpact LTD (G) Q1 2015 10-Q Quarterly Report

Short answer

Genpact LTD (G) filed its Q1 2015 10-Q quarterly report on May 8, 2015 for the quarter ended Mar 31, 2015.

Genpact LTD Q1 2015 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $587.2M, up 11.2% YoY from $528.2M
  • BPO Services strongest line: $461.1M, up 15.9%; IT Services $126.1M, down 3.2%
  • Gross margin 39.1% vs 38.6%; operating margin 12.6% vs 14.6%; net margin 7.6% vs 9.6%
  • Cash $434.3M vs $461.8M; operating cash flow $24.3M vs $14.2M; $13.3M share repurchases
  • Outlook: cash, reserves and debt capacity expected to fund growth and additional repurchases; wage inflation and foreign exchange volatility remain headwinds

Risk Factors

  • Newly expanded Indian tax risk: 2014 and 2015 assessments seek approximately $62 million, with $17 million paid under protest
  • Regulatory risk: India’s 2012 Indirect Transfer Rule could impose tax on transactions involving non-Indian companies with Indian assets
  • Legal risk: Supreme Court of India appeal remains pending over Genpact India’s potential liability as GE’s representative assessee
  • Financial risk: Potential requirement to pay the remaining Indian tax assessment demands pending appeal
  • Tax-policy risk: Indian anti-avoidance provisions proposed to take effect April 1, 2017

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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