TDCX Clocks 23% Revenue Growth In Q2 Aided By Business Development Efforts

by Anusuya Lahiri, Benzinga Editor

August 24, 2022 10:45 AM | 1 min read |

Singapore-based TDCX Inc TDCX reported second-quarter FY22 revenue growth of 23.3% year-on-year to $116.6 million, beating the consensus of $114.2 million.
Non-GAAP EPS of $0.15 missed the consensus of $0.17.
Adjusted EBITDA margin was flattish at 31.0%.
TDCX held $276.3 million in cash and equivalents.
CEO Laurent Junique said, "We continue to see our business development efforts take flight, adding 25 new logos since the start of the year. Among our new clients are two Southeast Asian market leaders, specifically a leading regional airline and one of the region's largest integrated car e-commerce platforms."
Outlook: TDCX reiterated FY22 revenue forecast of S$650 million - S$675 million, up 17.1% - 21.6% Y/Y.
Price Action: TDCX shares traded higher by 13.62% at $8.01 on the last check Wednesday.

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