Genpact Ltd. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Genpact Ltd. has submitted its 2023 10-K filing, detailing financial performance and operational information for the fiscal year ending December 31, 2023.</b>

AI Summary

Genpact LTD (G) filed a Annual Report (10-K) with the SEC on February 29, 2024. Genpact Ltd. filed its 2023 Form 10-K on February 29, 2024, reporting on the fiscal year ending December 31, 2023. The company is incorporated in Hamilton, Bermuda, with its principal business address at Canon's Court, 22 Victoria Street, Hamilton, HM 12. Genpact Ltd. operates within the Management Consulting Services industry, classified under SIC code 8742. The filing covers the fiscal year from January 1, 2023, to December 31, 2023. Key financial data points such as revenue, net income, and EPS for the fiscal years 2021, 2022, and 2023 are detailed within the report.

Why It Matters

For investors and stakeholders tracking Genpact LTD, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Genpact's financial health, operational strategies, and risk factors for the fiscal year 2023, crucial for investors and stakeholders to assess the company's performance and future outlook. The detailed financial statements and disclosures within the report offer insights into Genpact's revenue streams, profitability, and balance sheet strength, enabling informed investment decisions.

Risk Assessment

Risk Level: medium — Genpact LTD shows moderate risk based on this filing. The filing is a standard 10-K, which typically contains a broad range of information including financial statements, risk factors, and management discussion, requiring thorough analysis to identify specific risks.

Analyst Insight

Review the detailed financial statements and risk factor disclosures in the 10-K to understand Genpact's performance and potential challenges in the upcoming fiscal year.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period end date)
• 2024-02-29 — Filing Date (Date the 10-K was filed)
• 2023-01-01 — Fiscal Year Start (Reporting period start date)

Key Players & Entities

• Genpact LTD (company) — Filer of the 10-K report
• Hamilton, Bermuda (company) — Place of incorporation
• 8742 (regulator) — Standard Industrial Classification code for Management Consulting Services

FAQ

Industry Context

Genpact operates in the Management Consulting Services sector, providing business process management and technology services.

Regulatory Implications

The filing adheres to the requirements of the Securities Exchange Act of 1934, specifically Form 10-K, for annual reporting.

What Investors Should Do

1. Analyze the financial statements for revenue trends, profitability, and cash flow.
2. Review the 'Risk Factors' section for potential challenges and uncertainties.
3. Examine management's discussion and analysis (MD&A) for strategic insights and outlook.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K
• 2024-02-29: Filing Date — Date Genpact Ltd. submitted its 10-K filing

Year-Over-Year Comparison

This is the initial filing data extracted for the 2023 10-K. Comparative data from previous filings would be needed for a direct comparison.

Key Financial Figures

• $0.01 — ch registered Common shares, par value $0.01 per share G New York Stock Exchange S
• $37.57 — New York Stock Exchange on such date of $37.57 per share. Directors, executive officer
• $4.5 billion — tries. Our 2023 total net revenues were $4.5 billion. In 2023, we made progress on key stra
• $2.48 b — igital Operations services in 2023 were $2.48 billion, representing 55% of our total 20
• $1.99 b — our Data-Tech-AI services in 2023 were $1.99 billion, representing 45% of our total 20

Filing Documents

• g-20231231.htm (10-K) — 3107KB
• exhibit1023.htm (EX-10.23) — 124KB
• exhibit211.htm (EX-21.1) — 68KB
• exhibit231.htm (EX-23.1) — 2KB
• exhibit311.htm (EX-31.1) — 9KB
• exhibit312.htm (EX-31.2) — 10KB
• exhibit321.htm (EX-32.1) — 4KB
• exhibit322.htm (EX-32.2) — 4KB
• exhibit971.htm (EX-97.1) — 25KB
• g-20231231_g1.jpg (GRAPHIC) — 114KB
• 0001398659-24-000031.txt (&nbsp;) — 19067KB
• g-20231231.xsd (EX-101.SCH) — 146KB
• g-20231231_cal.xml (EX-101.CAL) — 183KB
• g-20231231_def.xml (EX-101.DEF) — 678KB
• g-20231231_lab.xml (EX-101.LAB) — 1596KB
• g-20231231_pre.xml (EX-101.PRE) — 1122KB
• g-20231231_htm.xml (XML) — 3249KB

, Item 10, Directors, Executive Officers and Corporate Governance;

Part III, Item 10, Directors, Executive Officers and Corporate Governance;

, Item 11, Executive Compensation;

Part III, Item 11, Executive Compensation;

, Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters;

Part III, Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters;

, Item 13, Certain Relationships and Related Transactions, and Director Independence; and

Part III, Item 13, Certain Relationships and Related Transactions, and Director Independence; and

, Item 14, Principal Accountant Fees and Services

Part III, Item 14, Principal Accountant Fees and Services. Auditor name: KPMG Assurance and Consulting Services LLP Auditor Location: Mumbai, Maharashtra, India Auditor Firm ID: 2115 TABLE OF CONTENTS Page No.

Item No

PART I Item No. 1. Business 8 1A. Risk Factors 19 1B. Unresolved Staff Comments 41 1C. Cybersecurity 41 2. Properties 41 3. Legal Proceedings 42 4. Mine Safety Disclosures 42 PART II 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 43 6. [ Reserved ] 44 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 45 7A. Quantitative and Qualitative Disclosures About Market Risk 65 8. Financial Statements and Supplementary Data 66 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 66 9A. Controls and Procedures 66 9B. Other Information 67 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 67 PART III 10. Directors, Executive Officers and Corporate Governance 67 11. Executive Compensation 67 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 67 13. Certain Relationships and Related Transactions, and Director Independence 67 14. Principal Accountant Fees and Services 68 PART IV 15. Exhibits and Financial Statement Schedules 68 16. Form 10-K Summary 71

SIGNATURES

SIGNATURES 72 CONSOLIDATED FINANCIAL STATEMENTS Reports of Independent Registered Public Accounting Firm F- 2 Consolidated Balance Sheets F- 5 Consolidated Statements of Income F- 6 Consolidated Statements of Comprehensive Income (Loss) F- 7 Consolidated Statements of Equity F- 8 Consolidated Statements of Cash Flows F- 11 Notes to the Consolidated Financial Statements F- 12 2 Special Note Regarding Forward-Looking Statements We have made statements in this Annual Report on Form 10-K (the "Annual Report") in, among other sections, Item 1—"Business," Item 1A—"Risk Factors," and Item 7—"Management's Discussion and Analysis of Financial Condition and Results of Operations" that are forward-looking statements. In some cases, you can identify these statements by forward-looking terms such as "expect," "anticipate," "intend," "plan," "believe," "seek," "estimate," "could," "may," "shall," "will," "would" and variations of such words and similar expressions, or the negative of such words or similar expressions. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, which in some cases may be based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. In particular, you should consider the numerous risks outlined under the heading "Summary of Risk Factors" and Item 1A—"Risk Factors" in this Annual Report. These forward-looking statements include, but are not limited to, statements relating to: our ability to retain existing clients and contracts; our ability to win new clients and engagements; the expected value of the sta

Business

Item 1. Business Genpact is a global professional services and solutions firm that makes business transformation real. We drive digital-led innovation and run digitally-enabled operations for our clients, guided by our experience running thousands of processes for hundreds of global companies. We have over 129,100 employees serving clients in key industry verticals from more than 35 countries. Our 2023 total net revenues were $4.5 billion. In 2023, we made progress on key strategic initiatives to help drive long-term profitable growth. These efforts included making continued investments in a portfolio of clients who are on significant digital transformation journeys and for whom we believe we can drive meaningful business outcomes. We continued to develop and refine our artificial intelligence ("AI") capabilities, prioritizing our investments in new generative AI solutions. We also continued to focus on the learning and development of our employees to provide them with the critical skills needed for the future and to build their careers. We believe our approach to digital-led business transformation, enabled through combining our domain expertise with our skills in AI, digital and analytics, differentiates us from our competitors. Our approach to digital-led transformation Industry disruption is pervasive, driven by an explosion in digital technologies, increased use of AI, data and analytics, new competitors, and shifting market dynamics. In this environment, companies need industry-tailored solutions to reimagine their business models end-to-end and adapt to rapid change. These organizations seek partners that can improve productivity while creating competitive advantages and driving business outcomes, such as expanded market share, seamless customer experiences, increased revenue, working capital improvement, increased profitability, and minimized risk and loss. We partner with clients to show them how new digital solutions can drive business outcomes. We a

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View this 10-K filing on SEC EDGAR