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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

CHICAGO--( BUSINESS WIRE )--Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced that its wholly owned subsidiary, Thoughtworks Federal, has been awarded a Multiple Award Schedule (MAS) contract (#47QTCA23D000W) by the U.S. General Services Administration (GSA), the centralized procurement arm of the federal government. Thoughtworks Federal will provide the capabilities critical to delivering modern government services that directly meet the needs of the people of the United States.

Thoughtworks Awarded Preferred Vendor Status with All Levels of United States Government

Thoughtworks Holding, Inc. (NASDAQ:TWKS ) Q3 2022 Earnings Conference Call November 14, 2022 8:00 AM ET Company Participants Guo Xiao – Chief Executive Officer and President Erin Cummins – Chief Financial Officer Conference Call Participants Tien-Tsin Huang – JPMorgan Bryan Bergin – Cowen Jason Kupferberg – Bank of America David Koning – RW Baird Moshe Katri – Wedbush Arvind Ramnani – Piper Sandler Dan Perlin – RBC Capital Markets Unidentified Company Representative Hello, everyone, and welcome to Thoughtworks' Earnings Call for the Third Quarter of 2022. We will be recording today's call.

Thoughtworks Holding, Inc. (TWKS) Q3 2022 Earnings Call Transcript

Thoughtworks Holding, Inc. (TWKS) delivered earnings and revenue surprises of -27.27% and 1.47%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Thoughtworks Holding, Inc. (TWKS) Q3 Earnings Miss Estimates

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 2022 and provided an updated financial outlook for the full year and fourth quarter of 2022.

Thoughtworks Reports Third Quarter 2022 Financial Results

CHICAGO--(BUSINESS WIRE)--Thoughtworks will report financial results for the third quarter of 2022 on Monday, November 14, 2022 before market open.

Thoughtworks to Report Third Quarter 2022 Financial Results

LISBON, Portugal--(BUSINESS WIRE)--Thoughtworks announced at Web Summit it partnered with Women@TheTable to use ML and data analytics to break down the barriers at global conferences.

Women@TheTable Partners with Thoughtworks to Increase Plurality of Voices and Influence on Global Stages

CHICAGO--(BUSINESS WIRE)--Thoughtworks released Volume 27 of the Tech Radar, a biannual report informed by our observations, conversations and frontline experiences globally.

Thoughtworks Technology Radar Foresees ML Propelling IoT and Pragmatic Use Cases Alike

CHICAGO--(BUSINESS WIRE)--Thoughtworks announces collaborating with Zones, LLC to augment and accelerate the e-ordering process for Zones' customers around the world.

Zones Partners with Thoughtworks to Speed e-Ordering Process while Continuing its Digital Transformation Journey

CHICAGO--(BUSINESS WIRE)--TWKS will collaborate with ASCO to support its continued transformation of apps and web sites to improve the digital experience for oncologists.

Leading Non-Profit Organization Representing Oncology Professionals Selects Thoughtworks to Enhance Digital Experience

Snowflake

Tech stocks have been some of the most beaten up over the past couple of quarters.

Why Citigroup Still Likes Snowflake but Expects More From This Tech Stock

CHICAGO--(BUSINESS WIRE)--Thoughtworks has completed the acquisition of privately-held, Brazilian-based Handmade Design.

Thoughtworks Completes Acquisition of Handmade Design to Boost CX and Design Strategy in Brazil

Thoughtworks Holding, Inc. (NASDAQ:TWKS ) Q2 2022 Earnings Conference Call August 15, 2022 8:00 AM ET Company Participants Guo Xiao - CEO & Director Erin Cummins - CFO Conference Call Participants Charlotte Bedick - Goldman Sachs Group Tien-Tsin Huang - JPMorgan Chase & Co. Arvind Ramnani - Piper Sandler & Co. Maggie Nolan - William Blair & Company Tyler DuPont - Bank of America Merrill Lynch Bryan Bergin - Cowen and Company David Koning - Robert W. Baird & Co. Ashwin Shirvaikar - Citigroup Operator Hello, everyone, and welcome to Thoughtworks Earnings Call for the Second Quarter of 2022.

Thoughtworks Holding, Inc. (TWKS) CEO Guo Xiao on Q2 2022 Results - Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Thoughtworks reported results for the second quarter of 2022 and provided an updated financial outlook for the full year and third quarter of 2022.

Thoughtworks Reports Strong Second Quarter 2022 Financial Results

CHICAGO--(BUSINESS WIRE)--Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, will report financial results for the second quarter of 2022 on Monday, August 15, 2022 before market open. Following the release of results, Thoughtworks will host a conference call and webcast at 8:00 a.m. ET also on Monday, August 15, 2022. To register for the conference call please use this link The webcast of the call will be a

Thoughtworks to Report Second Quarter 2022 Financial Results

NEW YORK--(BUSINESS WIRE)--Leading communications firm, Cognito, has been selected to represent Thoughtworks, one of the world's premiere technology consultancies.

Cognito Selected by Thoughtworks as North America Agency of Record

CHICAGO--(BUSINESS WIRE)--Thoughtworks has become an AWS Premier Tier Services Partner in the AWS Partner Network.

Thoughtworks Becomes AWS Premier Tier Services Partner in the AWS Partner Network

CHICAGO--(BUSINESS WIRE)--Thoughtworks announced that leading global research and advisory firm Forrester recognized it as a Leader in Modern Application Development Services.

Thoughtworks Named a Leader in Modern Application Development Services by Leading Independent Research Firm

CHICAGO--(BUSINESS WIRE)--Thoughtworks announced the signing of a multi-year agreement with PCI Pharma Services.

PCI Pharma Services Selects Thoughtworks for Digital Platform Transformation with Agile Approach

SYDNEY--(BUSINESS WIRE)--Thoughtworks has partnered with Bluestone to launch a full suite of modern digital capabilities that elevate the broker and borrower experience.

Bluestone Partners With Thoughtworks to Launch New Digital Lending Platform

MILAN--(BUSINESS WIRE)--Thoughtworks announced a strategic collaboration with lastminute.com, the European Travel-Tech leader in dynamic holiday packages.

lastminute.com Selects Thoughtworks to Drive Engineering Excellence in a Growing and Complex Technology Landscape

CHICAGO--(BUSINESS WIRE)--Thoughtworks announces intent to acquire privately-held, Brazilian-based Handmade Design.

Thoughtworks Announces Intent to Acquire Strategic Design Consultancy, Handmade Design, to Boost CX and Design Strategy in Brazil

TORONTO--(BUSINESS WIRE)--Today at Collision 2022, Thoughtworks announced partnering with Holaluz, a Spanish green technology company listed on BME Growth since November 2019.

Holaluz Measures and Monitors Progress Towards Sustainable Cloud Journey With Thoughtworks

KAR Auction Services

Collaboration with Thoughtworks Expands Capabilities, Accuracy and Transparency CARMEL, Ind. and CHICAGO , May 24, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, unveils enhanced condition reports on the company's BacklotCars platform.

KAR Global Launches Enhanced Condition Reports for BacklotCars

SÃO PAULO--(BUSINESS WIRE)--Thoughtworks announces an agreement with Cielo, the leading electronic payments company in Brazil, to build a digital technology platform.

Cielo Hires Thoughtworks to Take Another Leap in the Building of Digital Products

CHICAGO--(BUSINESS WIRE)--Thoughtworks announces collaborating with Upside, a U.S. headquartered blockchain-based startup.

News for Turing Holding Corp Stock (TWKS)