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Genpact updates outlook for FY'19

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Genpact updates outlook for FY'19

Genpact Ltd. revised its outlook for full-year 2019 total revenue, global client revenue growth and adjusted EPS.

The company now expects full-year total revenue to be in the range of $3.46 billion to $3.5 billion, an increase from its previous guidance of $3.33 billion to $3.39 billion.

Full-year global client revenue growth is expected to be in the range of 9.5% to 11%, or 10.5% to 12% on a constant currency basis. Genpact previously expected global client growth for 2019 to be in the range of 9% to 10.5%, or 10% to 11.5% on a constant currency basis.

The company expects adjusted EPS for the full year to be between $2.00 and $2.02, up from its prior guidance of $1.96 to $2.00.

Genpact continues to anticipate adjusted income from operations margin of approximately 16.0% for the full year.

The S&P Global Market Intelligence consensus normalized EPS estimate for 2019 is $2.01.

For the quarter ended June 30, the company reported net income attributable to common shareholders of $73.7 million, or 38 cents per share.