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October 29, 2010

Genpact Q3 revenues up 13.2% to $322m

Adjusted diluted earnings per share increased to $0.18 from $0.15

By CBR Staff Writer

Genpact has reported revenue of $322m for the third quarter of 2010, up 13.2% compared to $284.4m from a year earlier quarter.

Revenues from related party grew 10.4% to $123m, while revenues from others grew 15% to $199m.

The company posted an operating income of $42.4m for the third quarter of 2010, compared to $45m for the same quarter previous year.

For the quarter ended 30 September 2010, the net income attributable to its shareholders was $40.1m, compared to $33.1m in the third quarter of 2009.

The adjusted diluted earnings per share increased to $0.18 from $0.15 in the same period last year.

Genpact president and CEO Pramod Bhasin said the company grew revenues, net income, earnings per share, and operating cash flow on both a sequential and year-over-year basis.

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"We won 20 new client logos up from 14 in the previous quarter and Smart Enterprise Processes (SEPSM) was instrumental in many of these wins," Bhasin said.

"We have a strong sales pipeline that has grown by 30% year-over-year and 8% sequentially in terms of total contract value, particularly with deals from existing clients."

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