Genpact Limited (NYSE: G) saw its stock surge 12.35% in the pre-market trading session on Friday, following impressive fourth-quarter 2024 financial results and a wave of positive analyst actions. The company's robust performance and strategic growth initiatives, particularly in the AI-driven transformation space, fueled the stock's soaring movement.
Genpact reported a strong Q4 with revenue reaching $1.25 billion, up 9% year-over-year. The Data-Tech-AI segment emerged as a standout performer, growing 12% year-over-year, indicating strong demand for the company's data and technology solutions. Operating cash flow grew by 25% year-over-year, demonstrating improved financial health, and the company closed 14 large deals with a 10% higher booking in aggregate compared to the previous year.
The company provided an optimistic outlook for 2025, guiding for revenue growth of 5.5-7.7% and adjusted EPS growth of 9% at the midpoint. Genpact also announced the launch of innovative solutions like the AI value studio and Genpact gigafactory, positioning itself as a leader in AI-driven transformation.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.