Company: G
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001140361-25-013031
Chunk: 3

Company: Genpact LTD
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 3
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 Genpact AI architects – blending process, industry, and tech expertise. |

| • | The Genpact Gigafactory, a first-of-its-kind AI accelerator designed to help enterprises rapidly scale AI solutions from pilot to full-scale production. The Gigafactory includes thousands of prebuilt AI and generative models that combine deep industry knowledge with cutting edge data engineering tools. It also leverages a unique pod delivery model with cross-functional teams that bring together domain-specific knowledge, data engineering and integration expertise – all in one team – to accelerate time to value with responsible AI by design. |

| 4 | Genpact completed an intercompany transfer of certain intellectual property rights from non-US to US wholly-owned subsidiaries in 2023, which resulted in a non-recurring tax benefit of $170 million. Net income and diluted earnings per share for 2023 included this benefit. This benefit was excluded from adjusted diluted earnings per share and adjusted income from operations for 2023. |

| 5 | Adjusted income from operations and adjusted income from operations margin are non-GAAP measures. See Exhibit 1 to this Proxy Statement for reconciliations of each of GAAP income from operations and GAAP net income to adjusted income from operations and GAAP income from operations margin and GAAP net income margin to adjusted income from operations margin. Adjusted income from operations margin for 2023 was derived by adjusting total revenue to exclude $0.5 million of revenue associated with a business previously classified as held for sale. |

| 6 | Adjusted diluted earnings per share is a non-GAAP measure. See Exhibit 1 to this Proxy Statement for a reconciliation of GAAP diluted earnings per share to adjusted diluted earnings per share. |

| 7 | New bookings, an operating measure, represents the total contract value of new contracts and certain renewals, extensions and changes to existing contracts. Regular renewals of contracts with no change in scope are not counted as new bookings. Prior to 2024, new bookings of contracts with longer than five-year terms were limited to the total contract value of the initial five-year term. In 2024, Genpact updated its definition of new bookings to eliminate the five-year limitation. New bookings as reported for the full year 2023 were $4.9 billion and would have been $5.0 billion in accordance with the new definition. New bookings for the full year 2024 as reported are $5.7 billion and would have been $5.4 billion in accordance with the