MANILA, Philippines -- Outsourcing firm Genpact posted $234.4 million in first-quarter revenues, citing growth in business generated by global clients and captive client GE.

Genpact, formerly GE Capital International Services, is based in Haryana, India and runs delivery centers worldwide. In the Philippines, Genpact's facility is located in Alabang (Muntinlupa City), employing close to 800 workers.

First-quarter revenues were up 33 percent from the same period last year, according to Pramod Bhasin, Genpact president and CEO.

"We continue to expect revenues for the full year to grow organically by 25 to 27 percent over 2007," Bhasin said in a statement. The company reported more than $820 million in revenues last year.

During the first quarter, Genpact said it added five new customers into its client base, including its first domestic customer in China from the financial services sector.

As of March 2008, Genpact had 34,300 employees worldwide, an increase of around 2,000 people from the end of last year.

Genpact was a former subsidiary of GE until the latter sold a 60-percent stake in the company to two equity partners Oak Hill Capital and General Atlantic. GE remains the biggest stakeholder in Genpact.