![]() ![]() For almost 30 years, we've delivered extraordinary impact together with our clients by helping them solve complex business problems with technology as the differentiator. We are over 11,500 Thoughtworkers strong across 51 offices in 18 countries. Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. Information on Thoughtworks' website is not part of this press release. A replay of the webcast will be made available on our investor relations website at. To access the conference call and webcast and the accompanying slide presentation, which has additional information regarding Thoughtworks' operating results, you can visit our investor relations website at. Eastern Time on Tuesday, May 9, 2023, to discuss our financial results. Thoughtworks will host a conference call and webcast at 8:00 a.m. Stock-based compensation expense of $76 million. Acquisitions, including those completed during 2023, are expected to contribute approximately 2% to year-over-year revenue growth Īdjusted EBITDA Margin in the range of 17.0% to 18.0% Īdjusted Diluted EPS in the range of $0.31 to $0.34, assuming a weighted average of 333 million diluted outstanding shares and Revenues in the range of $1,261 million to $1,287 million, reflecting year-over-year decline of (3)% to (1)% or (3)% to (1)% in constant currency. ![]() Thoughtworks now expects the following for the full year: Stock-based compensation expense of $18 million. Acquisitions, including those completed during 2023, are expected to contribute approximately 2% to year-over-year revenue growth Īdjusted EBITDA Margin in the range of 15.0% to 16.0% Īdjusted Diluted EPS in the range of $0.03 to $0.04, assuming a weighted average of 329 million diluted outstanding shares and ![]() Revenues in the range of $300 million to $304 million, reflecting year-over-year decline of (10)% to (9)% or (9)% to (8)% in constant currency. Thoughtworks expects the following for the second quarter: Thoughtworks provides the following outlook for the second quarter and full year 2023: Our total debt outstanding, before deferred financing fees, was $300.7 million at March 31, 2023. We had cash and cash equivalents of $109.3 million as of March 31, 2023, which reflects a voluntary prepayment of $100.0 million in February 2023, along with $300.0 million of borrowing capacity under our revolving credit line. For the trailing twelve months ended March 31, 2023, we had 38 clients with bookings greater than $10 million compared to 42 clients for the trailing twelve months ended March 31, 2022. Our overall bookings for the trailing twelve months ended Mawas flat year-over-year at $1.5 billion and increased sequentially from $1.4 billion. ![]() The change in revenue growth rate at constant currency was excluded, as it was determined to be not meaningful. dollars at the weighted average exchange rates of the prior period of comparison therefore the weighted average rates used in each respective calculation are not consistent. (4) Revenue Growth Rate at Constant Currency is calculated by translating the current period revenues into U.S. (3) See “Non-GAAP financial measures” for how we define these measures and the financial tables that accompany this release for reconciliation of these measures to the closest comparable GAAP measures. (2) Acquisitions completed in the last twelve months contributed approximately 3% to revenue growth in the quarter. (1) Percentage change for net loss, diluted loss per share, cash flow from operations and free cash flow were excluded as they were determined to be not meaningful due to a loss or negative position in one or both periods. Revenue Growth Rate at constant currency (4) ![]()
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