Genpact's 3Q 09 results were in line with street estimates and the company reiterated its FY 2009 revenue guidance compared to a downward revision in 2Q 09, reflecting a stabilized business environment. Although on the face of it economic conditions are improving, companies across sectors are still adopting a cautious approach in terms of spending until stability sets into operations. We therefore expect customers to continue to rationalize budgets as part…

Genpact's 2Q 09 results underperformed street estimates, reflecting a bleaker-than-expected impact of the global economic slowdown on the company's business. A weak demand environment for IT and BPO services and the continued increasing pressure on pricing has led Genpact to lower its y-o-y topline growth guidance for FY 2009. Reduced discretionary spend by clients in areas such as software services has impacted Genpact's revenues from IT services…

Genpact Limited's (Genpact) 1Q 09 revenues fell short of our and consensus estimates for the quarter. Top-line growth was limited by the mute revenue contribution from GE, Genpact’s top client. Consequently, profitability also arrived below our estimates. However, on a y-o-y basis, operating profit and margin witnessed healthy expansion, attributable to cost control measures implemented by…