Genpact Limited (NYSE: G) saw its stock surge 12.35% in the pre-market trading session on Friday, following impressive fourth-quarter 2024 financial results and a wave of positive analyst actions. The company's robust performance and strategic growth initiatives, particularly in the AI-driven transformation space, fueled the stock's soaring movement.
Genpact reported a strong Q4 with revenue reaching $1.25 billion, up 9% year-over-year. The Data-Tech-AI segment emerged as a standout performer, growing 12% year-over-year, indicating strong demand for the company's data and technology solutions. Operating cash flow grew by 25% year-over-year, demonstrating improved financial health, and the company closed 14 large deals with a 10% higher booking in aggregate compared to the previous year.
The company provided an optimistic outlook for 2025, guiding for revenue growth of 5.5-7.7% and adjusted EPS growth of 9% at the midpoint. Genpact also announced the launch of innovative solutions like the AI value studio and Genpact gigafactory, positioning itself as a leader in AI-driven transformation.