Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of business process management company Genpact Limited (G 1.29%) sank 13% this morning after its quarterly results and outlook disappointed Wall Street.

So what: The stock has slumped in recent months on concerns over slowing demand, and yesterday's Q4 results -- income fell 8.6% on revenue growth of 10% -- coupled with downbeat guidance only reinforces those worries. Management cited several headwinds including a reduction in its mortgage originations business, weakness in its GE business, and extended deal cycle times for the lackluster report, prompting analysts to lower their growth estimates yet again.

Now what: Management now sees full-year 2014 revenue of $2.22 billion-$2.26 billion with operating margins in the range of 15%-15.5%. "The fundamentals of our business and our market opportunity have not changed and we continue to believe there is a long runway for growth where our competitive advantages are clear and compelling," President and CEO N.V. Tyagarajan reassured investors. "To capture the right growth opportunities, we are accelerating our investments in our client-facing teams and solutions in specific verticals and service lines." More important, with the stock now off more than 30% from its 52-week highs and trading at a forward P/E of around 10, betting on that bullishness might not be a bad idea.