Company: G
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001398659-25-000098
Chunk: 5

Company: Genpact LTD
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 5
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.3 %14.3 %14.7 %Foreign exchange gains, net2.50.43.31.7(84.7)%(49.4)%Interest income (expense), net(13.5)(13.5)(23.8)(24.9)(0.4)%4.8 %Other income (expense), net3.310.49.012.1221.4 %34.1 %Income before income tax expense162.4176.7318.8352.08.8 %10.4 %Income tax expense40.444.079.888.48.9 %10.7 %Net income$122.0$132.7$238.9$263.68.8 %10.3 %Net income as a percentage of net revenues10.4 %10.6 %10.4 %10.7 %

52

Three Months Ended June 30, 2025 compared to the Three Months Ended June 30, 2024

Net revenues. Our net revenues were $1,254.4 million in the second quarter of 2025, up $78.2 million, or 6.6%, from $1,176.2 million in the second quarter of 2024. 

Adjusted for foreign exchange, primarily the impact of changes in the values of the euro, British pound and  Japanese yen against the U.S. dollar, our net revenues grew 6.2% in the second quarter of 2025 compared to the second quarter of 2024 on a constant currency1 basis. We provide information about our revenue growth on a constant currency1 basis so that our revenue may be viewed without the impact of foreign currency exchange rate fluctuations, thereby facilitating period-to-period comparisons of our business performance. 

Our average headcount increased by 9.9% to approximately 146,900 in the second quarter of 2025 from approximately 133,700 in the second quarter of 2024.

Prior to the quarter commencing April 1, 2025, we disaggregated our revenue as revenue from either Digital Operations or Data-Tech-AI based on the nature of the solutions and services provided. Beginning with the second quarter ended June 30, 2025, we now also disaggregate our revenue as revenue from Advanced Technology Solutions or Core Business Services.

Net revenues disaggregated between Data-Tech-AI and Digital Operations were as