Company: G
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001398659-25-000035
Chunk: 97

Company: Genpact LTD
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 97
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.9 million in 2023. Growth in our net revenues was driven by both Data-Tech-AI and Digital Operations services.

Adjusted for foreign exchange, primarily the impact of changes in the values of the Japanese yen, Argentine peso, Chinese yuan and Indian rupee against the U.S. dollar, our net revenues grew 6.7% in 2024 compared to 2023 on a constant currency3 basis. Revenue growth on a constant currency3 basis is a non-GAAP measure. We provide information about our revenue growth on a constant currency3 basis so that our revenue may be viewed without the impact of foreign currency exchange rate fluctuations compared to prior fiscal periods, thereby facilitating period-to-period comparisons of our business performance. Total net revenues on a constant currency3 basis are calculated by restating current-period activity using the prior fiscal period’s foreign currency exchange rates and adjusted for hedging gains/losses. 

Our average headcount increased to approximately 135,400 in 2024 from approximately 123,400 in 2023. 

Year ended December 31,Percentage change increase/ (decrease) 2024 vs. 202320232024(dollars in millions)Data-Tech-AI services$2,089.5 $2,233.9 6.9 %Digital Operations services2,387.4 2,533.3 6.1 %Total net revenues$4,476.9 $4,767.1 6.5 %

Net revenues from Data-Tech-AI services in 2024 were $2,233.9 million, up $144.4 million, or 6.9%, from $2,089.5 million in 2023. This increase was driven by strong demand for data and technology solutions embedded in our finance and accounting, supply chain and risk management services in 2024 compared to 2023.

Net revenues from Digital Operations services in 2024 were $2,533.3 million, up $145.9 million, or 6.1%, from $2,387.4 million in 2023, primarily driven by ramp-ups of services from recently signed large deals.

Revenues by segment were as follows:Year ended December 31,Percentage change increase/ (decrease) 2024 vs. 202320232024(dollars in millions)Financial Services$1,225.4 $1,288.9 5.2 %Consumer