PR - Genpact Reports Strong Results from Second Quarter

Genpact Limited (NYSE: G), which manages business processes for companies around the world, today announced results for the second quarter ended June 30, 2007 and the first half of 2007. Genpact, formerly a unit of GE, went public at the beginning of August.

Results for the Second Quarter ended June 30, 2007:

• Second quarter revenues were $200.5 million, up 42% from second quarter 2006 and 14% from first quarter 2007

• Second quarter net income was $7.1 million, up 1% from second quarter 2006 and 284% from first quarter 2007; Net income margin was 4%, down from 5% in second quarter 2006 due to global taxes which are now being eliminated as a result of changes in the holding structure post-IPO

• Cash EBIT for the second quarter was $30.3 million, up 35% from second quarter 2006 and 41% from first quarter 2007. Cash EBIT margin was at 15.1%, vs. 16.0% in second quarter 2006 and 12.2% in first quarter 2007.

Results for the First Half ended June 30, 2007:

• Revenues were $376.5 million for the first half of 2007, up 38% from the first half of 2006

• Net income was $8.9 million for the first half of 2007, down 26% from the corresponding half last year due to global taxes which are now being eliminated as a result of changes in the holding structure post-IPO

• Cash EBIT was $51.8 million for the first half of 2007, up 26% from the corresponding half last year. Cash EBIT margin was 13.8% for the first half of 2007 as compared to 15.1% for the first half of 2006

Global Clients revenues grew at 144% in the second quarter as compared to the second quarter of 2006; Global Clients revenues for the first half of 2007 grew at 146% as compared to the first half of 2006. For the first half of 2007, Global Clients represent 35% of total revenues. The second quarter saw strong, accelerated revenue growth from GE at 13% as compared to the second quarter of 2006. For the first half of 2007 GE revenues grew at 12% as compared to the first half of 2006.

As of June 30th headcount grew 9% from the first quarter of 2007 to 29,400 and 13% from December 31, 2006.

Genpact saw increasing demand for its business solutions during the first half of 2007 with significant new clients added:

• Major automotive components manufacturer in North America

• Leading financial management & advisory company

• Global industrial automation, transportation and controls group in the UK

• US-based leading IT hardware and network computing company

• Leading global internet brand

• Leading information services company in the human resources, retail and transportation markets

Pramod Bhasin, Genpact’s President and CEO said, "Our journey as a public company commences with reporting strong financial performance this quarter. The increasing globalization of the world economy as well as a growing shortage of labor in developed markets helped the global BPO and IT Services industry continue to show strong growth. Sophisticated clients are seeking the benefits of Genpact’s unrelenting focus on operational excellence and continuous process improvement to drive business impact."

Bhasin continued, "We saw particularly strong growth in our operations in Europe as well as Asia Pacific, especially China, showing the strength of our global delivery network. In Europe we have announced a second operations site in Romania. We are also expanding our Asia Pacific presence with our operations in the Philippines and a second operations site in China."