Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 80

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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 companies reimagine finance and risk, supply chain and other core industry operations. We have over 145,000 employees serving clients in key industry verticals from more than 35 countries. Our registered office is located at Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda.

In the quarter ended March 31, 2025, we recorded net revenues of $1,214.9 million, of which $581.9 million, or 47.9%, was from Data-Tech-AI services, with the remaining $633.0 million, or 52.1%, from Digital Operations services.

Critical Accounting Policies and Estimates

For a description of our critical accounting policies and estimates, see Note 2—“Summary of significant accounting policies” under Part 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