Thoughtworks Holding, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023
November 07, 2023 at 05:35 pm IST
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Thoughtworks Holding, Inc. provided earnings guidance for the fourth quarter and full year 2023. For the quarter, the company expected Revenues in the range of $265 million to $270 million, reflecting year-over-year decline of (15)% to (13)%; or (16)% to (14)% in constant currency, which includes approximately 1% from acquisitions.
For the year, the company narrowed its expected range for revenues to $1,139 million to $1,144 million, reflecting year-over-year decline of (12)%, or (12)% to (11)% in constant currency, which includes approximately 2% from acquisitions. This includes an approximate $4 million incremental negative impact from foreign exchange compared to the prior guidance.
Thoughtworks Holding, Inc. is a global technology consultancy company. The Company provides end-to-end digital strategy, design, and engineering services. It provides a range of services, including enterprise modernization, platforms, and cloud; customer experience, product, and design; data and artificial intelligence (AI), digital transformation and operations, and DAMO managed services. Its enterprise modernization, platforms and cloud service line include modernization strategy and execution; digital platform strategy and engineering organization transformation and cloud-native application support and evolution. Its customer experience, product and design service line deliver idea to market, customer experience strategy and product organization transformation. Its data and AI service line delivers data strategy; intelligent products; data platforms and data mesh. Its digital transformation and operations service line delivers delivery transformation and digital fluency.