Company: G
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001398659-25-000035
Chunk: 96

Company: Genpact LTD
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 96
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,906.2 3,077.1 5.9 %Gross profit$1,570.7 $1,690.1 7.6 %Gross margin35.1 %35.5 %Operating expensesSelling, general and administrative expenses913.1 967.1 5.9 %Amortization of acquired intangible assets31.5 26.5 (15.9)%Other operating (income) expense, net(4.7)(5.6)19.1 %Income from operations$630.9 $702.1 11.3 %Income from operations as a percentage of net revenues14.1 %14.7 %Foreign exchange gains, net4.3 2.9 (32.6)%Interest income (expense), net(47.9)(47.2)(1.5)%Other income (expense), net15.0 19.0 26.7 %Income before income tax expense (benefit)$602.2 $676.8 12.4 %Income tax expense (benefit)(29.0)163.2 NM*Net income$631.3 $513.7 (18.6)%Net income as a percentage of net revenues14.1 %10.8 %    

*Not Meaningful

2 We disaggregate our revenue as revenue from either Digital Operations services or Data-Tech-AI services based on the nature of the services provided. During the first quarter of 2024, we realigned as Data-Tech-AI services certain services that had previously been designated as Digital Operations services based on the nature of work performed and the mode of delivery for these particular services, which have evolved over time. Accordingly, we have updated the classification of revenue derived from Digital Operations services and Data-Tech-AI services for the year ended December 31, 2023 to present comparable information. For additional information, see Note 24—“Net revenues” to our consolidated financial statements under Part IV, Item 15—“Exhibits and Financial Statement Schedules.”

51

Fiscal Year Ended December 31, 2024 Compared to the Fiscal Year Ended December 31, 2023

Net revenues.    Our net revenues were $4,767.1 million in 2024, up $290.3 million, or 6.5%, from $4,476