Genpact-Google Cloud Join Forces To Boost AI Adoption Across Industries

Genpact Ltd G announced partnering with Alphabet Inc's GOOGL Google Cloud to accelerate AI adoption for enterprises.

Through this agreement, Genpact and Google Cloud will drive their shared clients' cloud, data, and analytics modernization to cater to businesses across key industries such as life sciences, healthcare, consumer goods, hi-tech, retail, and financial services. 

The practice will include a team of data scientists, engineers, and domain experts who will focus on accelerating generative AI capabilities on the Genpact Cora platform, which already has over 250 enterprise ecosystems handling over 20 million transactions per month. 

"We are seeing increased demand from our clients to leverage generative AI to improve productivity, minimize risk, and provide enhanced employee and customer experiences. This expanded partnership highlights the strategic role that partner ecosystems will play in the massive enterprise AI market," said Katie Stein, Chief Strategy Officer and Global Business Leader, Enterprise Services and Analytics.

Last month, Genpact reported Q1 2023 revenue of $1.09 billion, missing the consensus of $1.10 billion, and adjusted EPS of $0.68 beat the Street estimate of $0.65. 

Also Read: Incrementally Harder Path Ahead Of Genpact, This Analyst Does Not Envision An Upside

Price Action: G shares are trading lower by 0.11% at $37.41 on the last check Wednesday.