- TELUS International (Cda) Inc TIXT reported first-quarter FY21 revenue growth of 57% year-on-year to $505 million, beating the analyst consensus of $500.3 million.
- Growth from existing and new clients, with continued strong momentum in Tech and Games in particular, and good growth in Communications & Media and eCommerce & Fintech drove the results.
- Team member count rose 11% Y/Y to 51,387, reflecting organic growth in certain geographies and acquisitions in the prior year.
- Adjusted EBITDA rose 90% Y/Y to $129 million. The margin expanded 440 basis points to 25.5% from revenue growth, contributions from acquisitions, digital and favorable client mix.
- Adjusted net income rose 293% Y/Y to $59 million, with adjusted EPS of $0.23, beating the analyst consensus of $0.2.
- The company held $117 million in cash and equivalents and generated $36 million in operating cash flow.
- Guidance: TELUS sees FY21 outlook of $2.15 billion - $2.19 billion, Adjusted EBITDA of $523 million - $533 million, and adjusted EPS of $0.90 - 0.95.
- TELUS enjoyed notable new client wins for digital solutions and content moderation services and growth across all key verticals, particularly in Tech & Games in Q1, CEO Jeff Puritt said. The diverse capabilities were further strengthened with the acquisition of Lionbridge AI, Puritt added.
- TELUS International was able to repay $530 million of debt in Q1 using the cash proceeds from IPO of $493 million, combined with additional repayments from cash provided by operating activities, CFO Vanessa Kanu said.
- Price action: TIXT shares closed higher by 2.85% at $31.44 on Friday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
