Turing Holding Corp

ThoughtWorks, Inc. operates as a software company. The Company provides software design and delivery, research, testing, re-engineering, data science, security, prototyping, cloud, digital strategy, and consulting services. ThoughtWorks serves customers worldwide.

ThoughtWorks

Thoughtworks Holding, Inc. engages in providing digital strategy, design, and engineering services. It focuses on delivering the benefits of cloud, data, and artificial intelligence. The company was founded in 1993 and is headquartered in Chicago, IL.

Earnings data Q3 2021

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ThoughtWorks excels in Q4 2022, eyes growth in tech services

ThoughtWorks reported strong Q4 2022 results with revenue growth and solid margins. The company is recognized for its leadership in cloud migration and managed services.
Challenges include pricing mix pressures and transitioning client investments. Opportunities lie in client interest in growth and tech digital work for 2024.
The company's growth strategies focus on deepening client relationships, M&A, and geographic expansions. Expectations of sequential growth throughout the year are positive.
ThoughtWorks is well-positioned to capitalize on opportunities in expanding verticals and recovering economies. Flexibility in pricing and client support remain key strengths.

Thoughtworks beats revenue guidance, eyes stable growth in Q2

Thoughtworks saw revenue growth and client expansion in Q1, with a focus on cost initiatives and sales investments.
While facing challenges in certain sectors and regions, the company is capitalizing on growth opportunities.
Q2 revenue is forecasted to decline slightly but stabilize, with a positive outlook for the second half of the year.
Strategic investments in sales and marketing are driving new business and revenue conversion.

Thoughtworks reports Q2 revenue decline, focuses on restructuring and growth

Thoughtworks faced revenue challenges in Q2 due to top client issues, leading to a restructuring and cost reduction plan. Despite revenue decline, the company is focusing on enhancing data and AI services, client relationships, and cost efficiencies.
The company aims to stabilize revenue growth in Q4, with a focus on existing client revenue. Challenges include budget constraints impacting project scopes, but opportunities exist in strengthening operations and relationships.

Turing Holding Corp (TWKS) meets Q3 revenue, focuses on digital transformation

TWKS's Q3 performance met revenue guidance, focusing on cost savings and digital transformation initiatives.
Partnerships with tech giants and success stories with clients driving revenue growth and innovation.
Challenges include margin impact from offshore transition and pricing pressures, with opportunities in revenue growth and margin improvement.
Continued focus on cost reduction programs and client-centric strategies for sustainable growth and profitability.

Thoughtworks reports Q4 revenue growth, eyes margin improvement in 2024

Thoughtworks' financial performance in Q4 2023 and full year showed revenue growth and margin challenges, with a focus on margin improvement in 2024 and beyond
The company's strengths lie in its valued services, APAC market performance, and strong recruiting capability, while facing challenges in client behavior and deal sizes
Opportunities include increased free cash flow, GenAI implementation, and growth in resilient sectors, with a strategic focus on operational efficiency and client retention
Overall, Thoughtworks is positioning for steady growth through technology excellence and diversification, navigating industry challenges with a proactive approach

Turing Holding Corp exceeds Q1 revenue expectations, eyes AI growth

Turing Holding Corp's Q1 2024 earnings call highlighted strong revenue performance, client acquisitions, and a focus on margin improvement. The company is optimistic about sequential growth in Q2 and expects full-year revenue within the $995 million to $1.02 billion range. Challenges include ongoing supply rebalancing impacting margins, but opportunities lie in AI-related work and demand growth.

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SINGAPORE--(BUSINESS WIRE)--Thoughtworks has signed a strategic collaboration agreement with AWS in APAC to develop GenAI solutions that drive operational efficiencies.

Thoughtworks Signs Strategic Collaboration Agreement with AWS to Accelerate Generative AI Adoption and Address Industry Challenges in Asia Pacific

CHICAGO--(BUSINESS WIRE)--Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced the completion of its acquisition by affiliates of certain investment funds advised by Apax Partners LLP (“Apax Funds”). The transaction, valued at approximately $1.75 billion, takes Thoughtworks private. Under the terms of the agreement, Thoughtworks' stockholders will receive $4.40 per share in cash, a 48% premium over the volume-weighted ave.

Thoughtworks Completes Transaction to Go Private in $1.75 Billion Deal with Apax Funds

CHICAGO--(BUSINESS WIRE)--Thoughtworks Holding, Inc. (NASDAQ: TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the third quarter of 2024. Acquisition Update As announced on August 5, 2024, Thoughtworks has entered into a definitive merger agreement to be acquired by affiliates of certain investment funds advised by Apax Partners LLP for $4.40 per share (the “Merger”). In connection with the Merger, Thoughtworks has filed a definitive I.

Thoughtworks Reports Third Quarter 2024 Financial Results

NEW YORK CITY, NY / ACCESSWIRE / November 5, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating the merger between Thoughtworks Holding, Inc. ("Thoughtworks") (NASDAQ:TWKS) and Apax Partners LLP. Investors who purchased Thoughtworks and continue to hold to the present are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TWKS.

Thoughtworks Holding, Inc. (TWKS) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Contact the Firm to Learn More About the Investigation

LOS ANGELES, CA / ACCESSWIRE / November 4, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Thoughtworks Holding, Inc. ("Thoughtworks" or "the Company") (NASDAQ:TWKS) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Thoughtworks board breached its fiduciary duties to shareholders.

Investors Are Invited To Join The Schall Law Firm In An Inquiry Into Thoughtworks Holding Inc For Securities Law Violations

LOS ANGELES, CA / ACCESSWIRE / November 3, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Thoughtworks Holding, Inc. ("Thoughtworks" or "the Company") (NASDAQ:TWKS) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Thoughtworks board breached its fiduciary duties to shareholders.

Thoughtworks Holding, Inc. Is Being Investigated For Securities Fraud And The Schall Law Firm Urges Shareholder Participation

NEW YORK CITY, NY / ACCESSWIRE / November 1, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating the merger between Thoughtworks Holding, Inc. ("Thoughtworks") (NASDAQ:TWKS) and Apax Partners LLP. Investors who purchased Thoughtworks and continue to hold to the present are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TWKS.

Bronstein, Gewirtz & Grossman, LLC Encourages Thoughtworks Holding, Inc. (TWKS) Stockholders to Inquire about Securities Investigation

LOS ANGELES, CA / ACCESSWIRE / October 31, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Thoughtworks Holding, Inc. ("Thoughtworks" or "the Company") (NASDAQ:TWKS) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Thoughtworks board breached its fiduciary duties to shareholders.

Thoughtworks Holding, Inc. Is Being Investigated For Securities Fraud And The Schall Law Firm Urges Affected Shareholders To Reach Out

NEW YORK CITY, NY / ACCESSWIRE / October 30, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating the merger between Thoughtworks Holding, Inc. ("Thoughtworks") (NASDAQ:TWKS) and Apax Partners LLP. Investors who purchased Thoughtworks and continue to hold to the present are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TWKS.

Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Thoughtworks Holding, Inc. (TWKS) And Encourages Stockholders to Reach Out

LOS ANGELES, CA / ACCESSWIRE / October 29, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Thoughtworks Holding, Inc. ("Thoughtworks" or "the Company") (NASDAQ:TWKS) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Thoughtworks board breached its fiduciary duties to shareholders.

Thoughtworks Holding, Inc. Is Being Investigated For Securities Fraud And The Schall Law Firm Urges Affected Shareholders To Participate

LOS ANGELES, CA / ACCESSWIRE / October 25, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Thoughtworks Holding, Inc. ("Thoughtworks" or "the Company") (NASDAQ:TWKS) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Thoughtworks board breached its fiduciary duties to shareholders.

Thoughtworks Holding, Inc. Is Being Investigated For Securities Fraud And The Schall Law Firm Urges Shareholders With Losses To Take Part

LOS ANGELES, CA / ACCESSWIRE / October 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Thoughtworks Holding, Inc. ("Thoughtworks" or "the Company") (NASDAQ:TWKS) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Thoughtworks board breached its fiduciary duties to shareholders.

Thoughtworks Holding, Inc. Is Being Investigated For Securities Fraud And The Schall Law Firm Urges Affected Stockholders To Reach Out

CHICAGO--(BUSINESS WIRE)--Thoughtworks released volume 31 of the Technology Radar informed by observations, conversations and experiences solving clients' business challenges.

Thoughtworks Technology Radar Finds Trend in Tools to Simplify LLMs for Practical AI Applications

LOS ANGELES, CA / ACCESSWIRE / October 22, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Thoughtworks Holding, Inc. ("Thoughtworks" or "the Company") (NASDAQ:TWKS) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Thoughtworks board breached its fiduciary duties to shareholders.

Investors Are Invited To Join The Schall Law Firm's Inquiry Into Thoughtworks Holding Inc For Securities Law Violations

SAN DIEGO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP , a leading stockholder rights law firm, announced today that it has initiated an investigation into the board members of Thoughtworks Holding, Inc. (NASDAQ: TWKS) concerning potential breaches of fiduciary duties related to the proposed sale of the Company to private equity advisory firm Apax Partners.

Is Thoughtworks's $4.40 Per Share Sale Price Fair? Johnson Fistel, LLP Investigates Deal Terms

CHICAGO--(BUSINESS WIRE)--Thoughtworks was positioned in the Visionaries Quadrant in the 2024 GartnerⓇ Magic Quadrant™ for Custom Software Development Services, Worldwide.

Thoughtworks Recognized as a Visionary in 2024 GartnerⓇ Magic Quadrant™ for Custom Software Development Services, Worldwide

MELBOURNE, Australia--(BUSINESS WIRE)--Thoughtworks announces a pioneering collaboration with Swann to develop SwannShield™ – an innovative AI-powered home security voice assistant.

Swann Builds Innovative AI-powered Home Security Voice Assistant with Thoughtworks

PHILADELPHIA, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Thoughtworks Holding, Inc. (“Thoughtworks”) (NASDAQ: TWKS) on behalf of the company's shareholders.

BUYOUT INVESTIGATION: Kaskela Law LLC Announces Stockholder Investigation of Thoughtworks Holdings, Inc. (TWKS) Investor Buyout and Encourages Investors to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Thoughtworks Holding, Inc. ("Thoughtworks" or "the Company") (NASDAQ:TWKS) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Thoughtworks board breached its fiduciary duties to shareholders.

Thoughtworks Holding, Inc. Is Being Investigated For Possible Securities Fraud And The Schall Law Firm Urges Shareholder Participation

LOS ANGELES, CA / ACCESSWIRE / October 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Thoughtworks Holding, Inc. ("Thoughtworks" or "the Company") (NASDAQ:TWKS) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Thoughtworks board breached its fiduciary duties to shareholders.

Investors Are Encouraged To Join The Schall Law Firm In An Inquiry Into Thoughtworks Holding Inc For Securities Law Violations

LOS ANGELES, CA / ACCESSWIRE / October 14, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Thoughtworks Holding, Inc. ("Thoughtworks" or "the Company") (NASDAQ:TWKS) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Thoughtworks board breached its fiduciary duties to shareholders.

Investors Are Encouraged To Join The Schall Law Firm's Inquiry Into Thoughtworks Holding Inc For Securities Law Violations

LOS ANGELES, CA / ACCESSWIRE / October 7, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Thoughtworks Holding, Inc. ("Thoughtworks" or "the Company") (NASDAQ:TWKS) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Thoughtworks board breached its fiduciary duties to shareholders.

Thoughtworks Holding, Inc. Is Being Investigated For Possible Securities Fraud And The Schall Law Firm Urges Affected Shareholders To Reach Out

LOS ANGELES, CA / ACCESSWIRE / October 4, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Thoughtworks Holding, Inc. ("Thoughtworks" or "the Company") (NASDAQ:TWKS) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Thoughtworks board breached its fiduciary duties to shareholders.

Investors Are Invited To Join The Schall Law Firm's Inquiry Into Thoughtworks Holding Inc For Securities Related Infractions

SINGAPORE--(BUSINESS WIRE)--TWKS announced a strategic collaboration with AI Singapore to develop novel methods and tools to meaningfully evaluate GenAI applications.

Thoughtworks and AI Singapore Join Forces to Advance Reliability of AI and Its Adoption

LOS ANGELES, CA / ACCESSWIRE / October 2, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Thoughtworks Holding, Inc. ("Thoughtworks" or "the Company") (NASDAQ:TWKS) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Thoughtworks board breached its fiduciary duties to shareholders.

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