Genpact LTD (G) Q3 2019 10-Q Quarterly Earnings

Short answer

Genpact LTD (G) filed its Q3 2019 10-Q quarterly report on Nov 8, 2019 for the quarter ended Sep 30, 2019.

AI summary of MD&A and risk factor updates

Revenue $888.8M, up 18.8% YoY from $748.0M, driven by BPO and transformation services
Operating margin 12.8% vs 12.6%; net margin 9.9% vs 9.8% YoY
Best performer GE revenue $121.1M, up 87.7%; worst performer Global Clients IT services $101.6M, up 4.0%
Cash $456.9M vs $368.4M; operating cash flow $341.3M for nine months vs $202.8M
Near-term funding expected from operations and debt capacity; wage inflation, large-deal ramp costs and lower initial margins as headwinds

New legal risk: February 2019 India judicial ruling may require retrospective increases in employee benefit contributions
New compliance risk: ASC 842 adoption added operating lease liabilities of $328,978 at January 1, 2019
Financial risk: $526,749 of term-loan principal due in 2023, with total term debt $635,731
Currency risk: foreign-exchange forward contracts had $1,239,000 notional exposure to U.S. dollar and Indian rupee movements
Concentration risk: GE revenue reached $348,742, representing a significant client relationship disclosed in the quarter

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

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