Genpact and Corrections Corp. Under Review: Factors Benefitting the Management Service Industry
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Genpact and Corrections Corp. Under Review: Factors Benefitting the Management Service Industry LONDON, February 26, 2013 /PRNewswire/ -- With the economy of the United States showing significant signs of improvement, increased private sector hiring, gains in housing and automobile markets and expansion of domestic energy production and manufacturing are among the macro-trends likely to instill more confidence in the economy. Corporations and Federal Governments' constant efforts to reduce cost especially in tough, competitive environment, will prove to be beneficial to BPO companies like Genpact Ltd. (NYSE : G) and Corrections Corporation of America (NYSE : CXW). StockCall has released free charting and technical research on these two aforementioned companies. Register to read these reports at http://www.stockcall.com/report Genpact Ltd. announces fourth quarter and full year 2012 results Genpact Ltd. is a global leader in business process management and technology services, leveraging the power of smarter processes, smarter analytics and smarter technology to help its clients drive intelligence across their enterprise. For the fourth quarter, the company reported Net Income was $53.4 million, or $0.23 per diluted share, on Revenues of $507.7 million and net margins of 10.5%. For full year 2012, Net Income was $178.2 million, or $0.78 per diluted share, on Revenues of $1.9 billion and net margins was 9.4%. Sign up for the free report on Genpact Ltd. at http://www.StockCall.com/G022613.pdf N.V. 'Tiger' Tyagarajan, Genpact's President and CEO said, "Our results in the fourth quarter and full year 2012 demonstrated strong client demand and profitable growth. In 2012, we delivered robust growth in revenues and adjusted operating income, expanded and strengthened our capabilities across our enterprise services offerings, industry vertical markets and geographies with both investment initiatives and acquisitions. We also provided our shareholders a substantial return of capital in the form of a $502 million special cash dividend. All of these accomplishments build upon our solid foundation and position us to take advantage of the large market opportunity available to us and long runway to drive sustained growth in revenues and cash flows." For 2013, the company provided guidance for Revenues to be in the range of $2.15 to $2.20 billion and adjusted operating income margin in the range of 15.8% to 16.3%. Corrections Corporation announces fourth quarter results Corrections Corporation of America is the nation's largest owner and operator of privatized correctional and detention facilities and one of the largest prison operators in the United States, behind only the federal government and three states. For fourth quarter, the company reported Net Income of $45.4 million, or $0.45 per diluted share, on Revenues of $436.8 million and net margins of 10.4%. For full year 2012, Net Income was $156.7 million, or $1.56 per diluted share, on Revenues of $1.75 billion and net margins was 8.9%. Corrections Corp. of America free technical report can be accessed by signing up at http://www.StockCall.com/CXW022613.pdf CCA President and Chief Executive Officer, Damon Hininger, stated, "We are pleased to report financial results that were above expectations. As we reported last week, we are also very excited to have announced our decision to elect REIT status effective January 1, 2013. We believe this demonstrates our commitment to creating value for our shareholders." For fiscal 2013, the company provided guidance for EPS in the range of $2.05 to $2.15. About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com StockCall.com CONTACT: Contact Person: William T. Knight, Email: firstname.lastname@example.org, +1-646-396-9857 (9:00 am EST - 01:30 pm EST)
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