Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 87

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 87
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 driven by higher revenues and operating efficiency in the first quarter of 2025 compared to the first quarter of 2024. AOI of our Consumer and Healthcare segment increased to $70.3 million in the first quarter of 2025 from $66.8 million in the first quarter of 2024, largely due to higher revenue from large deal ramp-ups and an improvement in the revenue mix, with higher margins in the first quarter of 2025 compared to the first quarter of 2024. AOI of our High Tech and Manufacturing segment increased to $80.1 million in the first quarter of 2025 from $69.0 million in the first quarter of 2024, primarily driven by higher revenues and operating efficiencies in the first quarter of 2025 compared to the first quarter of 2024. 

AOI for “Unallocated corporate expenses” in the table above primarily represents the adjustment of allowances for credit losses and over- or under-absorption of corporate overheads, which are not allocated to any individual segment for management's internal reporting purposes. See Note 17—“Segment reporting” under Part I, Item 1— “Unaudited Consolidated Financial Statements” above.

51

Liquidity and Capital Resources

Overview

Information about our financial position as of December 31, 2024 and March 31, 2025 is presented below: 

As of December 31, 2024As of March 31, 2025Percentage ChangeIncrease/(Decrease)(dollars in millions)2025 vs. 2024Cash and cash equivalents$648.2 $561.6 (13.4)%Short-term investments23.4 — NM*Current portion of long-term debt 26.2 26.2 — %Long-term debt, less current portion1,195.3 1,189.1 (0.5)%Total equity$2,389.6 $2,453.1 2.7 %

*Not Meaningful

Financial Condition

We have historically financed our operations and our expansion, including acquisitions, with cash from operations and borrowing facilities. 

On February 8, 2024, our board of directors approved an 11% increase in our quarterly cash dividend from $0.1375 per common share to $0.1525 per common share, representing an annual dividend of $0.61 per common share for 2024, up from $