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| Genpact Q4 net income dips 26% to $34.6 mn |
| Press Trust of India / New Delhi Feb 05, 2010, 17:34 IST |
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BPO major Genpact today said its net income fell by 26.38 per cent to $34.6 million (Rs 162 crore) in the fourth quarter ending December 31, 2009.
In the year-ago period, the company had a net income of $47 million, Genpact said in a statement.
The company's revenue rose by 5 per cent from year-ago period to $296.9 million in the fourth quarter of 2009.
The company is expecting a robust growth in revenues for 2010 on account of recently acquired analytics and data management services provider Symphony Market Solutions.
"Our pipeline is fuller than ever, and we expect revenue growth of 14-17 per cent in 2010, led by growth from our global clients but also including our recent acquisition of Symphony Market Solutions. Adjusted operating income margins are expected to be 17-18 per cent," Genpact President and Chief Executive Officer Pramod Bhasin said.
During the fourth quarter of 2009, Genpact added clients from a wide range of industries and geographies.
For the full-year of 2009, Genpact's net income inched up by 1.7 per cent to $127.3 million and revenues grew by 7.6 per cent to $1,120.1 million.
"Our results for 2009 were very good in light of the global economy, and in line with our guidance," Bhasin said.
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