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

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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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CHICAGO--(BUSINESS WIRE)--Thoughtworks celebrates 30 years of solving our clients' most complex problems with the latest technology.

Thoughtworks Celebrates 30 Years of Software Excellence and Innovation

Thoughtworks Holding, Inc. (TWKS) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.13 per share a year ago.

Thoughtworks Holding, Inc. (TWKS) Lags Q1 Earnings Estimates

CHICAGO--(BUSINESS WIRE)--Thoughtworks reports first quarter 2023 financial results.

Thoughtworks Reports First Quarter 2023 Financial Results

CHICAGO--(BUSINESS WIRE)--Thoughtworks is partnering with Pluribus Digital to provide the U.S. Consumer Financial Protection Bureau with professional IT and digital services.

Thoughtworks and Pluribus Digital to Support U.S. Consumer Financial Protection Bureau on Digital Design and Delivery

SINGAPORE--(BUSINESS WIRE)--Thoughtworks has been selected by Janio, a cross-border, smart logistics service provider in Asia.

Janio and Thoughtworks Partner to Evolve Integrated Logistics Management Platform

CHICAGO--(BUSINESS WIRE)--Thoughtworks released its latest Tech Radar, a report on our observations and frontline experiences solving our clients' toughest business challenges.

Thoughtworks Technology Radar Examines Much-hyped AI Trends with Cautious Optimism

CHICAGO--(BUSINESS WIRE)--Thoughtworks announced signing a multi-year agreement with Total Wine & More.

Total Wine & More Selects Thoughtworks to Modernize for Greater Scale and Innovation

CHICAGO--(BUSINESS WIRE)--Thoughtworks will report financial results for the first quarter of 2023 on Tuesday, May 9, 2023 before market open.

Thoughtworks to Report First Quarter 2023 Financial Results

Thoughtworks Holding, Inc. (TWKS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Thoughtworks Holding, Inc. (TWKS) Soars 7.0%: Is Further Upside Left in the Stock?

CHICAGO--(BUSINESS WIRE)--Launch of Engineering Effectiveness solution to help organizations optimize their software engineering teams to deliver more customer value quickly.

Thoughtworks Accelerates Value Delivery with Launch of Engineering Effectiveness Solution

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CHICAGO--(BUSINESS WIRE)--Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering, and First Student, Inc., the leading provider of school transportation in North America, announced today the beginning of the deployment of a digital platform to power their new alternative transportation division, FirstAlt. The launch of this division will enable First Student to address nationwide bus driver shortage and provide reliable, cost-effective transportation service to students with special needs and those who are experiencing homelessness or are displaced. FirstAlt will also provide a more efficient option for some trips that are hard-to-service with a school bus.

First Student and Thoughtworks Lead the Way in Transportation Experiences for Students with Disabilities and Special Needs

CHICAGO--(BUSINESS WIRE)--Thoughtworks announced Beautycounter is accelerating its path to innovation with investment in a more modern digital technology platform.

Beautycounter and Thoughtworks Partner to Modernize Digital Platform for Increased Adaptability and Scale

The market for digital transformation services expected to reach $6.7 trillion by 2029, expected to grow at a CAGR of 20.9% from 2021. Thoughtworks has a strong reputation for delivering high-quality services to its enterprise clients, as demonstrated by its industry-leading revenue per employee of $116K.

Thoughtworks: Well-Positioned To Benefit From The Digital Transformation Services Growth

Thoughtworks Holding, Inc. (NASDAQ:TWKS ) Q4 2022 Earnings Conference Call February 28, 2023 8:00 AM ET Company Participants Robert Muller - Global Head of Investor Relations Guo Xiao - President and Chief Executive Officer Erin Cummins - Chief Financial Officer Conference Call Participants Tien-Tsin Huang - JPMorgan Maggie Nolan - William Blair Bryan Bergin - Cowen and Company Tyler DuPont - Bank of America Moshe Katri - Wedbush Securities Arvind Ramnani - Piper Sandler Robert Muller Hello, everyone, and welcome to Thoughtworks Earnings Call for the Fourth Quarter of 2022. We will be recording today's call.

Thoughtworks Holding, Inc. (TWKS) Q4 2022 Earnings Call Transcript

Amazon, Alphabet, Salesforce and Disney have all slashed staff this year, citing cloudy economic forecasts.

2023 Layoff Tracker: Thoughtworks Cuts 500 Employees

Thoughtworks has emerged as the latest tech company to join the ongoing trend of laying off employees amid the global economic slowdown. The software consultancy firm laid off about four percent of its global workforce — approximately 500 employees — a figure that the company did not dispute when reached for comment on Wednesday.

Thoughtworks lays off around 500 employees amid ongoing slowdown

Thoughtworks Holding, Inc. (TWKS) delivered earnings and revenue surprises of 11.11% and 1.21%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Thoughtworks Holding, Inc. (TWKS) Q4 Earnings and Revenues Beat Estimates

CHICAGO--(BUSINESS WIRE)--Thoughtworks reports financial results for the fourth quarter and full year 2022 results.

Thoughtworks Reports Fourth Quarter and Full Year 2022 Financial Results

CHICAGO--(BUSINESS WIRE)--Thoughtworks will report financial results for the fourth quarter of 2022 on Tuesday, February 28, 2023 before market open.

Thoughtworks to Report Fourth Quarter 2022 Financial Results

CHICAGO--( BUSINESS WIRE )--Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design, and engineering to drive digital innovation, and MIT Technology Review Insights partnered to explore how organizations understand responsible technology use, what has motivated them to adopt more responsible practices and what benefits they hope to achieve from this adoption.

New Report Reveals 73% of Business Leaders View Responsible Use of Technology as Pressing Business Need

CHICAGO--( BUSINESS WIRE )--Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced that leading global research and advisory firm Forrester recognized it as a Leader in Cloud Migration and Managed Service Partners in China and Asia Pacific.

Thoughtworks Named a Leader in Recent Cloud Services Report by Independent Research Firm

HAMBURG, Germany--( BUSINESS WIRE )--Space International, the first regional cross-border digital banking platform, partnered with Thoughtworks (NASDAQ: TWKS), a global technology consultancy, on its first project in the Caucasus and Central Asia Regions. In support of Space International's tech transformation, Thoughtworks will help further strengthen its engineering culture and technical architecture with the introduction of innovative ways of working. The project will help Space Intl. achieve its long-term goals with the ambitious aim of providing extraordinary banking experiences for its customers.

TBC Group's SPACE International Partners with Global Tech Consultancy Thoughtworks

Adopting modern technology is essential for businesses to thrive in today's competitive environment. TWKS has the knowledge and experience required to bridge the gap between businesses and modern digital tools.

Thoughtworks: Working With Businesses To Bridge The Gap To Digitalization

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