Genpact Limited (NYSE: G), a global professional services firm focused on delivering digital transformation, announced financial results for the fourth quarter and full year ended December 31, 2020.
Income from operations was $439 million, up 2% year-over-year, with a corresponding margin of 11.8%. Adjusted income from operations was $589 million, up 5% year-over-year, with a corresponding margin of 15.9%.
Income from operations and diluted earnings per share include $26.5 million of restructuring charges related to employee severance costs and lease impairment charges recorded in the second and third quarters of 2020. These restructuring charges are excluded from adjusted income from operations4 and adjusted diluted earnings per share.
Income from operations was $113 million, down 5% year-over-year, with a corresponding margin of 11.9%. Adjusted income from operations was $148 million, down 7% year-over-year, with a corresponding margin of 15.5%.
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