Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 72

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 72
---
IDIARIESNotes to the Consolidated Financial Statements(Unaudited)(In thousands, except per share data and share count)

18. Net revenues

Disaggregation of revenueThe Company disaggregates its revenue as revenue from either Digital Operations services or Data-Tech-AI services based on the nature of the services provided.The Company's Digital Operations services embed advanced technology solutions, including agentic solutions, analytics, AI and cloud-based offerings into its traditional managed service solutions where the Company transforms and runs its clients’ operations with an aim to achieve higher levels of end-to-end performance. These services allow enterprises to be more flexible and focus on high-value work to better compete in their industries. The Company's Digital Operations solutions also include certain IT support services for legacy applications, including end-user computing support and infrastructure production support.The Company's Data-Tech-AI services focus on designing and building solutions that harness the power of advanced technologies, data and advanced analytics, AI and cloud-based software-as-a-service offerings to help transform the Company's clients’ businesses and operations. These services include advisory, implementation and execution work. The Company provides consultative advice to clients as well as technology engineering support and migration and optimization of clients' data and technology enterprise infrastructures. Using human-centric design, the Company helps clients build new products and services, create digital workspaces, and drive customer, client, employee and partner engagement.In the following table, the Company’s revenue is disaggregated by the nature of services provided: Three months ended March 31,20242025Data-Tech-AI$523,835 $581,948 Digital Operations607,402632,978Net revenues$1,131,237 $1,214,926 All three of the Company's segments include revenue from both Data-Tech-AI and Digital Operations services. See Note 17 for additional information.Contract balancesContract assets represent the contract acquisition fees or other upfront fees paid to a customer. Such costs are amortized over the expected period of benefit and recorded as an adjustment to the transaction price and deducted from revenue. The Company’s assessment did not indicate any significant impairment losses on its contract assets for the periods presented.Contract liabilities include that portion of revenue for which payments have been received in advance from customers. The Company also defers revenues attributable to certain process transition activities for which costs have been capitalized by the Company as contract fulfillment costs. Consideration received from customers, if any, relating to such transition activities is also included as part of contract liabilities. The contract liabilities are included within “