Company: G
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001398659-25-000109
Chunk: 15

Company: Genpact LTD
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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 ended September 30, 2024. This increase was primarily driven by (i) higher stock-based compensation expense, (ii) a higher allowance for credit losses, (iii) increased strategic investments in partnerships, alliances, and other sales and marketing capabilities, (iv) increased spending on professional services, and (v) wage inflation in the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. 

Amortization of acquired intangible assets. Amortization of acquired intangible assets was $16.9 million in the nine months ended September 30, 2025, down $3.1 million, or 15.3%, from $20.0 million in the nine months ended September 30, 2024. This decrease was primarily due to the completion of useful lives of intangible assets acquired in prior periods, partially offset by the amortization of acquired intangible assets from our recent acquisition of XponentL. For additional information, see Note 3—“Business Acquisitions” under Part I, Item 1—“Unaudited Consolidated Financial Statements” above.

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Other operating (income) expense, net. Other operating expense (net of income) was $7.5 million in the nine months ended September 30, 2025, compared to other operating income (net of expense) of $5.6 million in the nine months ended September 30, 2024. During the nine months ended September 30, 2024, we recorded a gain upon the redemption of a loan note associated with the sale of a business previously classified as held for sale and the waiver by a vendor of a liability, with no corresponding income recorded in the nine months ended September 30, 2025. During the nine months ended September 30, 2025, we recorded a charge related to the abandonment of certain leased premises with no such corresponding charge in the nine months ended September 30, 2024.

Income from operations. As a result of the foregoing factors, income from operations as a percentage of net revenues increased from 14.5% in the nine months ended September 30, 2024 to 14.7% in the nine months ended September 30, 2025. Income from operations increased by $42.9 million from $511.9 million in the nine months ended September 30, 2024 to $554.7 million in the nine months ended