Company: G
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001398659-25-000035
Chunk: 103

Company: Genpact LTD
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 103
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 of business classified as held for sale$0.8 $— Adjusted income from operations$762.9 $813.9 

The following table sets forth our AOI by reportable business segment for the years ended December 31, 2023 and 2024: Year ended December 31,Percentage change increase/ (decrease) 2024 vs. 202320232024(dollars in millions)Financial Services$193.4 $215.9 11.7 %Consumer and Healthcare$242.5 $293.1 20.9 %High Tech and Manufacturing$297.9 $319.4 7.2 %Total reportable segment$733.7 $828.4 12.9 %Unallocated corporate expenses$28.0 $(14.5)NM*Total$761.7 $813.9 6.9 %Loss relating to business held for sale$1.2 $— NM*Adjusted income from operations$762.9 $813.9 6.7 %

*Not Meaningful

54

AOI of our Financial Services segment increased to $215.9 million in 2024 from $193.4 million in 2023, primarily due to higher revenues and improved operating efficiency in 2024 compared to 2023. AOI of our Consumer and Healthcare segment increased to $293.1 million in 2024 from $242.5 million in 2023, largely driven by higher revenue from large deal ramp-ups and improved efficiencies in 2024 compared to 2023. AOI of our High Tech and Manufacturing segment increased to $319.4 million in 2024 from $297.9 million in 2023, primarily driven by higher revenues and the reduction in scope of a low margin account in 2023. 

AOI for “Unallocated corporate expenses” in the table above primarily represents the adjustment of allowances for credit losses and over- or under-absorption of overheads, none of which is allocated to any individual segment for management's internal reporting purposes. AOI for "Loss relating to business held for sale" in the table above primarily represents the loss attributable to a business classified as held for sale. See Note 7—"Assets and liabilities held for sale" and Note 23—“Segment reporting” to our consolidated financial statements under Part IV, Item 15—“Exhibits and