UPDATE 2-Genpact Q2 profit in line with St, revenue trails

martes 4 de agosto de 2009 18:57 CEST
 

* Q2 EPS $0.14 vs. est $0.14

* Q2 revenue $272.9 mln vs. est $280.6 mln

* Lowers FY rev outlook * Shares fall as much as 7 pct (Recasts; adds conference call details, analyst comments, share movement)

By Deepti Govind

BANGALORE, Aug 4 (Reuters) - Genpact Ltd (G.N: Cotización) posted a quarterly profit in line with expectations on higher global client revenue, but lowered its 2009 revenue growth outlook due to the uncertain economic environment, sending its shares down 7 percent.

The business process and technology services provider said while the economy may have reached a bottom, it has not yet demonstrably improved, particularly for its client base.

"The company is two to three quarters away from revenue growth accelerating," said Kaufman Bros analyst Karl Keirstead, who rates the stock a "hold."

On a conference call with analysts, Genpact said decision-making by clients is still slow. Clients are taking longer to move forward on projects where upfront costs would be significant, it added.

"This quarter and the next quarter are probably going to be the slowest quarters for revenue growth," Robert Baird & Co analyst David Koning said.   Continuación...