* 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) 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.
Genpact now expects revenue to grow 6 percent to 9 percent for 2009, lower than its earlier outlook of a 10 percent to 15 percent revenue growth.
Analysts' average expectation is for revenue of $1.16 billion for the year, according to Reuters Estimates.
The company, however, raised its operating margin outlook to a range of 17 to 17.5 percent, from its earlier 16 to 17 percent forecast, on effective cost control measures.
Genpact said more deals are in the pipeline, but the average deal size is smaller.
"We're not overly concerned about one quarter of a little weaker conversion trends or bookings trends when the tailwind for this industry is very good for a long time," Baird's Koning said.
For the second quarter, net income was $29.7 million, or 14 cents a share, compared with $24.8 million, or 11 cents a share, a year ago.
Revenue rose 8 percent to $272.9 million, but trailed Wall Street estimates of $280.6 million.
Global clients revenue -- revenue from clients other than General Electric (GE.N) -- grew 27 percent, while revenue from GE fell 7 percent for the quarter.
Analysts were expecting the company to earn 14 cents a share, before items, on revenue of $280.6 million.
Genpact shares were down 88 cents at $13.13 in Tuesday afternoon trade on the New York Stock Exchange. They touched a low of $12.96 earlier in the day.
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