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Genpact (G) Touches 52-Week High on Expanding Clientele


Shares of Genpact Limited G touched 52-week high of $32.45, eventually closing at $32.01 on Nov 29, 2017. The stock has gained 31.5% year to date, substantially outperforming the 5.2% rally of the industry it belongs to.

The outperformance can be attributed to expanding customer base as well as strong execution over the last four quarters. It was also driven by Genpact’s solid domain expertise in business analytics, digital and consulting businesses.

Genpact’s pipeline continues to grow on the back of increasing adoption of its transformation services. The enthusiastic approach of the C-level of different companies in transforming business models through digital, data and analytics is turning out to be a positive for the company.

Moreover, the recently announced Genpact Partner Plus program will help the company better serve its clients. The plan includes partnerships related to Consulting, Digital Technology and Industry Solution that will help in delivering scalable and sustainable offerings.

Genpact Limited Price and Consensus

Genpact Limited Price and Consensus | Genpact Limited Quote

AI Presents Significant Growth Opportunity

Its recently launched artificial intelligence (AI) platform – Genpact Cora – is helping the company to provide related offerings to industries like consumer packaged goods, industrial engineering, life sciences and high tech.

Acquisitions like Rage Framework and design thinking based companies such as Tandem Seven have also expanded the company’s AI product portfolio.

Per an IDC report, worldwide spending on cognitive systems and AI is estimated to go past $47 billion by 2020 at a CAGR of 55.1%. Given the huge scope the segment has to offer, it is not surprising to see a number of companies flocking to the scene.

We believe that Genpact’s robust product portfolio will help it to gain significant market share amid intensifying competition.

Zacks Rank & Key Picks

Genpact has a Zacks Rank #2 (Buy). Other stocks worth considering in the broader technology sector are Oracle Corp. ORCL, Cadence Design Systems CDNS and Callidus Software CALD. All the three stocks carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks.

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