HAMILTON, Bermuda (AP) _ Genpact Ltd. (G) on Monday reported first-quarter profit of $85.7 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had net income of 44 cents. Earnings, adjusted for stock option expense and amortization costs, came to 53 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The business process management services provider posted revenue of $923.2 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $888.7 million.
Genpact shares have fallen 17% since the beginning of the year. In the final minutes of trading on Monday, shares hit $34.91, a decline of 3% in the last 12 months.