Genpact Q3 net up by 106%

Genpact Q3 net up by 106%
PTI
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First Published: Fri, Nov 07 2008. 03 23 PM IST
Updated: Fri, Nov 07 2008. 03 23 PM IST
New Delhi: BPO major Genpact today said its net profit more than doubled to $33.6 million for the third quarter ended 30 September, 2008, compared with $16.3 million for the same period in the last fiscal.
The company’s net profit grew more than double by 106 per cent for the corresponding period, a company statement said.
For the nine month period ended 30 September, 2008, the company posted a net profit of $78.1 million compared with $25.3 million for the corresponding period in the last fiscal, registering a growth of 209%.
Company’s revenue for the third quarter ended 30 September, 2008, touched $270.8 million, whereas it was $214.8 million in the same period a year ago, registering a growth of 26%.
For the nine month period, the company’s revenue grew by 28% to register $759 million at the end of September 2008 from $591.6 million at 30 September, 2007.
“We completed a good third quarter, despite the dramatic changes in the global economy that began several months ago,” Genpact President and CEO Pramod Bhasin said.
He also said based on the company’s performance to date, he expects the company’s revenue for the full year to grow by 26-28% from $823 million in 2007.
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First Published: Fri, Nov 07 2008. 03 23 PM IST