Business Context and Reporting Period
This Form 8-K Current Report was filed by Genpact Limited on December 20, 2011. The filing discloses the entry into material definitive agreements involving amendments to existing contracts with Macro*World Research Corporation ("Wells") and Wells Fargo & Company.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on contractual amendments rather than financial performance data.
Material Changes and Agreements
- Fifth Amendment to Master Professional Services Agreement (MPSA): Genpact International, Inc. and Wells amended the MPSA (originally dated November 30, 2005). This amendment extends the term of the agreement, applicable charges, and expiration/termination dates for certain statements of work until March 31, 2013.
- Second Amendment to Ancillary Agreement: Genpact Global Holdings (Bermuda) Limited, Wells, and Wells Fargo & Company amended the Ancillary Agreement (originally dated November 30, 2005). This amendment extends certain measurement and payment dates to March 31, 2012, and April 30, 2012, respectively.
Guidance, Outlook, and Risks
The filing does not contain management commentary, financial guidance, or specific risk factors beyond the standard incorporation by reference of the full text of the amendments. The summary of the agreements is qualified in its entirety by the full text of the Fifth Amendment and Second Amendment filed as Exhibits 99.1 and 99.2.
Key Facts for Investor Verification
- Verify the specific financial terms and "applicable charges" detailed in the Fifth Amendment to the MPSA, as the 8-K summary does not disclose these figures.
- Review the full text of the Second Amendment to the Ancillary Agreement to understand the implications of the extended measurement and payment dates.
- Confirm the relationship between Macro*World Research Corporation and Wells Fargo & Company regarding the Ancillary Agreement.
- Note that the agreements extend the contractual relationship with Wells through at least March 31, 2013.