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UPDATE 1-Genpact Q1 earnings beat Street

Tue May 5, 2009 8:04am EDT

Stocks

   

* Q1 EPS $0.14 vs est $0.10/shr

* Q1 revenue up 13 pct

* Reiterates 10 pct to 15 pct annual rev growth view

May 5 (Reuters) - Business process and technology services provider Genpact Ltd (G.N) reported a better-than-expected quarterly profit, helped in part by higher revenue from its global client segment, and reiterated its 2009 revenue-growth outlook.

Genpact said its global client revenue -- revenue from clients other than General Electric (GE.N) - which now accounts for about 58 percent of total revenue, rose 28 percent, while revenue from General Electric rose 5 percent.

For the first quarter, the company reported earnings of $30.0 million, or 14 cents a share, compared with earnings of $19.7 million, or 9 cents a share, in the year-ago period.

Revenue rose 13 percent to $265.8 million.

Analysts on average were expecting earnings of 10 cents a share, before items, on revenue of $272.9 million, according to Reuters Estimates.

For 2009, the company continues to expect revenue to grow 10 percent to 15 percent, from $1.04 billion in 2008, in line with analysts' expectations of $1.17 billion.

Shares of the company closed at $9.14 Monday on the New York Stock Exchange.

For the alerts, double-click [ID:nWNAB3078] (Reporting by Bijoy Koyitty in Bangalore; Editing by Vinu Pilakkott)



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