Company: G
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001398659-25-000098
Chunk: 88

Company: Genpact LTD
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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 The following table provides details of the Company’s contract cost assets:Three months ended June 30,Six months ended June 30,2024202520242025ParticularsSales incentive programsTransition activitiesSales incentive programsTransition activitiesSales incentive programsTransition activitiesSales incentive programsTransition activitiesOpening balance$40,194 $164,724 $38,230 $162,199 $41,964 $160,579 $41,348 $159,552 Closing balance40,252163,15036,486171,01240,252163,15036,486171,012Amortization6,73719,6935,61118,90913,68237,01511,96938,283

20. Other operating (income) expense, net

 Three months ended June 30,Six months ended June 30,2024202520242025Other operating (income) expense$(73)$(44)$(5,539)$(156)Other operating (income) expense, net$(73)$(44)$(5,539)$(156)

45

GENPACT LIMITED AND ITS SUBSIDIARIESNotes to the Consolidated Financial Statements(Unaudited)(In thousands, except per share data and share count)

21. Interest income (expense), net

Three months ended June 30,Six months ended June 30,2024202520242025Interest income$6,003 $4,534 $12,395 $10,789 Interest expense(19,541)(18,019)$(36,175)(35,720)Interest income (expense), net$(13,538)$(13,485)$(23,780)$(24,931)

22. Income taxes

The Company determines its tax provision for interim periods using an estimate of its annual effective tax rate adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, the Company updates its estimate of the annual effective tax rate, and if its estimated tax rate changes, the Company makes a cumulative adjustment.The Company’s effective tax rate (“ETR”) was 24.9% for the three months ended June 30, 2025, unchanged from the three months ended June 30, 2024.

The Company’s ETR was 25.1% for the six months ended June 30, 2025, up from 25.0% for the six months ended June 30,