Company: G
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001398659-25-000035
Chunk: 98

Company: Genpact LTD
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 98
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 and Healthcare1,570.7 1,692.7 7.8 %High Tech and Manufacturing1,680.8 1,785.6 6.2 %Net revenues4,476.9 4,767.1 6.5 %Business held for sale(0.5)— NM*Net revenues (excluding business held for sale)$4,476.4 $4,767.1 6.5 %

*Not Meaningful

Net revenues from our Financial Services segment increased by 5.2% in 2024 compared to 2023, primarily driven by an increase in risk management and underwriting services from recently signed large deals. Net revenues from our Consumer and Healthcare segment increased by 7.8% in 2024 compared to 2023, primarily driven by an increase in finance and accounting and supply chain services as well as ramp-ups of services from large deals. Net revenues from our High Tech and Manufacturing segment increased by 6.2% in 2024 compared to 2023, primarily driven by an increase in finance and accounting and supply chain services from recently signed deals as well as ramp-ups of services from large deals signed in 2023. Net revenues from "Business held for sale" in the table above represent revenues from a business we had classified as held for sale with effect from April 1, 2022 as part of a series of actions we took in 2022 to focus our business on emerging solutions where we see the greatest opportunities for growth and to deprioritize assets that no longer fit with our long-term strategy. The sale of the business we had classified as held for sale was completed in 2023. For additional information, 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 Financial Statement Schedules.”

3 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.

52

Cost of revenue.  Cost of revenue was $3,077.1 million in 2024, up $170.9 million, or 5.9%, from $2,906.2 million in 2023. The increase in our cost of revenue in 2024 compared to 2023 was