Genpact Q4 rev up 5%, tops Street

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Business process and technology services provider Genpact's fourth-quarter profit beat market expectations, driven by increased demand across all geographies and markets.

Fourth-quarter net income attributable to Genpact common shareholders was USD 34.6 million, or 16 cents a share, compared with USD 47 million, or 22 cents a share, a year ago. Excluding items, Genpact earned 19 cents a share.

Analysts were expecting 16 cents a share, according to Thomson Reuters I/B/E/S. Revenue rose 5% to USD 296.9 million, above analysts' expectations of USD 295.7 million.

"Our pipeline is fuller than ever, and we expect revenue growth in 2010 of 14% to 17%, led by growth from our Global Clients but also including our recent acquisition of Symphony Market Solutions," Chief Executive Pramod Bhasin said.

Based on 2009 revenue of USD 1.12 billion, that translates to about USD 1.28 billion to USD 1.31 billion. Analysts were expecting the company to post 2010 revenue of USD 1.27 billion.

On Wednesday, the company said it acquired Symphony Marketing Solutions, an analytics and data management services provider, and expected the deal to be accretive by year-end.

Genpact shares closed at USD 14.65 Thursday on the New York Stock Exchange.