Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 4

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 4
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 I, Item 1—“Unaudited Consolidated Financial Statements” above, as well as Part II, Item 7—“Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates” and Note 2—“Summary of significant accounting policies” under Part IV, Item 15—“Exhibits and Financial Statement Schedules” in our Annual Report on Form 10-K for the year ended December 31, 2024. There have been no material changes to our critical accounting policies and estimates during the three months ended March 31, 2025 from those described in our Annual Report on Form 10-K for the year ended December 31, 2024.

Due to rounding, the numbers presented in the tables included in this “Item 2—Management’s Discussion and Analysis of Financial Condition and Results of Operations” may not add up precisely to the totals provided.

46

Results of Operations

The following table sets forth certain data from our consolidated statements of income for the three months ended March 31, 2024 and 2025.

  Percentage ChangeIncrease/(Decrease)Three months ended March 31,Three months ended March 31,202420252025 vs. 2024(dollars in millions)Data-Tech-AI$523.8$581.911.1 %Digital Operations607.4633.04.2 %Net revenues$1,131.2$1,214.97.4 %Cost of revenue734.8785.97.0 %Gross profit396.5429.08.2 %Gross profit margin35.0 %35.3 %Operating expensesSelling, general and administrative expenses235.0241.12.6 %Amortization of acquired intangible assets6.94.3(37.6)%Other operating (income) expense, net(5.5)(0.1)(98.0)%Income from operations160.0183.714.8 %Income from operations as a percentage of net revenues14.1 %15.1 %Foreign exchange gains, net0.81.354.0 %Interest income (expense), net(10.2)(11.4)11.8 %Other income (expense), net5.81.7(71.0)%Income before income tax expense156.4175.212.1 %Income tax expense39.444.412.