CI&T Inc Stock Price, News & Analysis

CI&T (NYSE: CINT), a global technology transformation specialist, has announced three strategic leadership appointments in North America to boost growth in financial services and healthcare verticals. The new appointments include Tony Graham as North America leader for financial services, Dawn Svedberg as North America Leader for fintech and lending, and Dina Diab as North America leader for healthcare and life sciences.

Graham brings over 20 years of financial services leadership experience across multiple continents. Svedberg has more than 20 years of experience in senior leadership roles in data and technology, while Diab contributes over 20 years of experience in technology, advisory services, and management consulting, previously serving as executive director for healthcare at PwC.

These appointments align with CI&T's strategy to strengthen its market position and unlock new opportunities for expansion and revenue growth across North America, particularly in AI-powered digital transformation.

CI&T (NYSE: CINT) has been named a Leader in modern application development services by Forrester in their Q1 2025 Wave™ report. The company received the highest possible scores in nine evaluation criteria, including vision, agile custom development, and TuringBot accelerator services.

The report highlights CI&T's superior expertise in agile, DevSecOps, and MAD cultural change, particularly noting their excellence in transitioning clients from project to product-based working. A key highlight is the company's CI&T FLOW, a proprietary AI platform that enhances software development productivity, with 75% of their workforce engaging with FLOW daily.

Forrester's assessment evaluated thirteen significant service providers, with CI&T standing out for both front-end and back-end development MAD services. The company's approach focuses on speed and reducing app delivery time, while providing transformative modernization strategies for global enterprises.

Purple Innovation (NASDAQ: PRPL) has revised its full-year 2024 guidance, now expecting net revenue between $486-488 million, down from the previous outlook of $490-510 million. The adjusted EBITDA forecast has been lowered to $(23)-(21) million from the previous $(20)-(10) million range.

Despite challenging macro conditions through the end of 2024, the company expects to achieve positive cash flow and adjusted EBITDA in Q4 2024, which CEO Rob DeMartini describes as an important milestone for their Path to Premium Sleep strategy. The company will participate in the ICR Conference on January 13, 2025, where they will provide more detailed insights during a fireside chat presentation.

CI&T (NYSE: CINT) has appointed Nick Curran as Sales Senior Vice President for EMEA to drive regional growth and expand strategic client relationships. Curran, who brings 10 years of experience leading business environments, will focus on leveraging CI&T FLOW, the company's enterprise AI platform that has achieved 30% productivity gains across 230 global clients. The appointment aims to strengthen CI&T's position in helping organizations navigate digital transformation, particularly in AI implementation. The company currently serves over 100 large enterprises, including notable clients like Johnson & Johnson, Domino's, and Nestlé.

CI&T (NYSE:CINT) has been named among the top five service providers in Everest Group's Enterprise Pulse for IT Services 2024 Report for the retail and CPG industries. The recognition highlights CI&T's expertise in delivering digital transformation solutions through AI, DevOps, and continuous software delivery. The company specializes in transforming food and beverage (F&B) and quick serve restaurant (QSR) operations while optimizing omnichannel strategies for retailers. The report, based on insights from 116 industry stakeholders, acknowledges CI&T's strong capabilities in data analytics, continuous digital transformation, and app modernization.

CI&T (NYSE: CINT) reported strong financial results for Q3 2024, achieving record net revenue of R$622.2 million, representing a 17.6% year-over-year increase and 10.0% sequential growth. Net profit rose by 5.6% to R$28.6 million, while adjusted EBITDA improved by 24.2% to R$121.4 million with a 19.5% margin. The company's adjusted net profit increased by 32.9% to R$56.5 million, maintaining a 9.1% margin. Employee headcount grew by 8.3% from Q2 2024 to 6,755. Management provided guidance projecting 22% year-over-year revenue growth for Q4 2024.

CI&T (NYSE: CINT), a global technology transformation specialist, will release its third quarter 2024 financial results before market opens on November 14, 2024. The company's senior management will host a video conference call to discuss the results on the same day at 8:00 a.m. Eastern Time / 10:00 a.m. BRT. Investors can access the conference through CI&T's Investor Relations website or via YouTube livestream.

CI&T (NYSE: CINT) reported strong sequential revenue growth in its 2Q24 results. Net Revenue reached R$565.7 million, an 8.1% increase from 1Q24. Net Profit grew 24.5% year-over-year to R$48.5 million. The company achieved an Adjusted EBITDA of R$108.7 million with a 19.2% margin. Adjusted Net Profit increased 5.8% year-over-year to R$65.4 million, with an 11.6% margin.

CI&T's workforce expanded to 6,235 employees, a 2.4% increase from the previous quarter. CEO Cesar Gon highlighted the company's ability to drive growth while maintaining solid profitability. He also noted the success of CI&T Flow, their AI-powered platform, which has onboarded over 100 clients since its launch a year ago.

CI&T (NYSE:CINT), a global technology transformation specialist, has unveiled a new brand identity to reflect its leadership in AI and digital transformation. The company introduced a new logo, tagline, and visual identity to mark a new era in its nearly 30-year journey. The new tagline, 'Navigate Change', emphasizes CI&T's commitment to helping customers thrive in a rapidly evolving technological landscape.

This rebranding aligns with CI&T's recent milestones, including its successful IPO on the NYSE, the acquisition of five companies, and the growing adoption of its proprietary AI platform, CI&T FLOW. The company aims to solidify its position as a leader in digital transformation and a catalyst for future technological advancements.