INSUBCONTINENT EXCLUSIVE:
Genpact reported total revenues of $2.74 billion in 2017.
IT services company Genpact has introduced revenues from transformation services as a new performance
metric in annual cash bonus program for top executives
"In 2017, we introduced transformation services revenue as a new performance metric in our annual cash bonus program for executive officers
and other members of senior management and the performance share award granted to our CEO," Genpact said in a filing to the US Securities
and Exchange Commission (SEC)
Transformation services revenue comprise revenue from "our digital, analytics and consulting offerings", Genpact said, adding that it
line with our strategy to drive growth in our digital transformation services and is designed to ensure that our performance-based
compensation program not only rewards the achievement of revenue and profitability goals but also focuses our executives on the company's
long-term strategic priorities," Genpact said.Chief executive officer NV Tyagarajan received total compensation of $3.15 million in 2017,
This included salary of $630,000, share awards of $1,101,907 and non-equity incentive plan compensation of $1,335,000.In 2016, Mr Tyagarajan
received a total compensation of $2.87 million.Genpact also said that that in 2017, it returned a total of $263 million to shareholders
$216 million was in the form of share repurchases under its $1.25 billion share repurchase program and $47 million was in the form of
quarterly cash dividends, the company said.The IT services company reported total revenues of $2.74 billion in 2017, up 6 per cent
year-over-year (up nearly 7 per cent on a constant currency basis).Commenting on 2017 results, CEO Tyagarajan had said: "The strategic
investments we are making in digital, domain, and talent drove 25 per cent growth in transformation services revenues from our global
clients.Genpact will announce results for the first quarter ended March 31, 2018 on May 3, 2018.
