Genpact (G) FY2017 results: revenue $2.7 billion, up 6.5% on the year
Genpact Ltd. (G) reported revenue of $2.7 billion for fiscal 2017, the year ended 31 December 2017, up 6.5% on the year before. Net income was $263 million, down 2.4%, and diluted earnings per share $1.34. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$2.7 billion
+6.5% on the year
FY2009FY2017
Operating margin
12.1%
13.3% a year earlier
FY2009FY2017
Net income
$263 million
-2.4% on the year
FY2009FY2017
Diluted EPS
$1.34
+4.7% on the year
FY2009FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2014
On the year
Last 8 years
Revenue
2,737
2,571
2,279
+6.5%
Cost of revenue
1,684
1,555
1,378
+8.3%
Gross profit
1,055
1,016
901
+3.9%
Gross margin
38.6%
39.5%
39.5%
Selling, general and administrative
690
653
586
+5.6%
Operating income
331
341
294
-2.8%
Operating margin
12.1%
13.3%
12.9%
Pre-tax income
321
330
250
-2.7%
Income tax
59.7
62.1
57.4
-3.8%
Effective tax rate
18.6%
18.8%
23.0%
Net income
263
270
192
-2.4%
Net margin
9.6%
10.5%
8.4%
Diluted EPS
$1.34
$1.28
$0.85
+4.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2014
On the year
Last 8 years
Operating cash flow
359
346
272
+3.8%
Capital expenditure
57.2
81.9
62.6
-30.1%
Free cash flow
302
264
209
+14.4%
Free cash flow margin
11.0%
10.3%
9.2%
Cash from investing
-362
-126
-193
Cash from financing
47.2
-233
-177
Depreciation and amortisation
94.9
81.7
79.6
+16.1%
Share-based compensation
35.7
25.1
28.1
+42.1%
Buybacks
220
345
303
-36.3%
Dividends paid
46.7
n/a
n/a
Dividend per share
$0.06
$0.00
n/a
Diluted shares, weighted
197m
210m
225m
-6.2%
Shares outstanding at period end
193m
199m
219m
-3.0%
Balance sheet
$ million
FY2017
FY2016
FY2014
On the year
Last 8 years
Shareholders' equity
1,424
1,287
1,285
+10.7%
Non-controlling interest
n/a
n/a
0.0
Redeemable equity
4.8
4.5
n/a
+5.1%
Debt
1,216
897
789
+35.5%
Other liabilities
805
697
669
+15.4%
Total liabilities and equity
3,450
2,886
2,743
+19.5%
Fixed assets
207
193
176
+7.1%
Goodwill
1,337
1,069
1,057
+25.0%
Intangible assets
132
78.9
115
+66.7%
Cash and equivalents
504
423
462
+19.4%
Receivables
693
615
526
+12.6%
Other assets
576
506
407
+13.8%
Total assets
3,450
2,886
2,743
+19.5%
10-K for the year ended 31 December 2017, filed 1 March 2019: the filing.