Genpact (G) FY2023 results: revenue $4.5 billion, up 2.4% on the year
Genpact Ltd. (G) reported revenue of $4.5 billion for fiscal 2023, the year ended 31 December 2023, up 2.4% on the year before. Net income was $631 million, up 78.6%, and diluted earnings per share $3.41. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$4.5 billion
+2.4% on the year
FY2016FY2023
Operating margin
14.1%
11.5% a year earlier
FY2016FY2023
Net income
$631 million
+78.6% on the year
FY2016FY2023
Diluted EPS
$3.41
+81.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
491
444
694
+10.6%
Capital expenditure
55.4
50.6
53.3
+9.5%
Free cash flow
435
393
641
+10.8%
Free cash flow margin
9.7%
9.0%
15.9%
Cash from investing
-78.9
-36.6
-123
Cash from financing
-483
-571
-333
Depreciation and amortisation
104
130
168
-19.7%
Share-based compensation
88.6
77.4
82.0
+14.5%
Buybacks
225
214
298
+5.3%
Dividends paid
100
91.8
80.5
+8.9%
Dividend per share
$0.55
$0.50
$0.43
+10.0%
Diluted shares, weighted
185m
188m
193m
-1.6%
Shares outstanding at period end
179m
183m
185m
-1.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,248
1,826
1,897
+23.1%
Short-term borrowings
n/a
n/a
0.0
Debt
1,267
1,426
1,656
-11.2%
Operating lease liabilities
168
190
248
-11.8%
Finance lease liabilities
6.9
11.8
16.3
-41.8%
Other liabilities
1,115
1,134
1,158
-1.6%
Total liabilities and equity
4,806
4,589
4,975
+4.7%
Fixed assets
190
181
215
+5.0%
Goodwill
1,684
1,684
1,731
-0.0%
Intangible assets
53.0
89.7
170
-40.9%
Investments
0.0
n/a
n/a
Cash and equivalents
584
647
899
-9.8%
Receivables
1,116
995
888
+12.2%
Other assets
1,179
993
1,072
+18.8%
Total assets
4,806
4,589
4,975
+4.7%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.