Demand up but Genpact net falls 2 percent

The country's largest business process outsourcing (BPO) company , Genpact, on Thursday reported a 1.7% drop in its net profit at $33.1 million for the quarter ended September, compared to the same period last year.

However, on back of a slightly better demand situation, the company's revenues were up 5% to $284.4millionagainstthesameperiod last year and up 4% sequentially .

In line with the other top IT companies, Genpact said it is seeing less of volume contraction and more ramp-ups. The company has maintained its revenue guidance of a growth of 6-9% in the current financial year over 2008.

To read the full article, click here...
To read the ePaper, visit: http://epaper.financialexpress.com