Company: G
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001398659-25-000098
Chunk: 98

Company: Genpact LTD
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 98
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 Solutions in the second quarter of 2025 were $292.7 million, up $43.2 million, or 17.3%, from $249.5 million in the second quarter of 2024. This increase was largely driven by increased demand for our data and AI solutions and services in the second quarter of 2025 compared to the second quarter of 2024.

1 Revenue growth on a constant currency basis is a non-GAAP measure and is calculated by restating current-period activity using the prior fiscal period’s foreign currency exchange rates adjusted for hedging gains/losses in such period.

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Net revenues from Core Business Services in the second quarter of 2025 were $961.8 million, up $35.0 million, or 3.8%, from $926.8 million in the second quarter of 2024, primarily due to an increase in revenue from Digital Operations and technology services in the second quarter of 2025 compared to the second quarter of 2024.

Net revenues by reportable segment were as follows:

 Three months ended June 30,Percentage Change Increase/(Decrease)202420252025 vs. 2024(dollars in millions)Financial Services$319.1 $338.6 6.1 %Consumer and Healthcare424.0 428.6 1.1 %High Tech and Manufacturing433.1 487.2 12.5 %Net revenues$1,176.2 $1,254.4 6.6 %

Net revenues from our Financial Services and Consumer and Healthcare segments increased by 6.1% and 1.1%, respectively, in the second quarter of 2025 compared to the second quarter of 2024, largely due to an increase in demand for our Advanced Technology Solutions. Net revenues from our High Tech and Manufacturing segment increased by 12.5% in the second quarter of 2025 compared to the second quarter of 2024, primarily driven by ramp-ups of services from recently signed deals.

Cost of revenue. Cost of revenue was $804.4 million in the second quarter of 2025, up $44.5 million, or 5.9%, from $759.8 million in the second quarter of 2024. This increase was primarily due to (i) an increase in our operational headcount to support revenue growth as well as wage inflation, (ii) increased spending on professional services, and (iii) an