CI&T Inc Stock Price, News & Analysis

CI&T (NYSE:CINT) has unveiled its Connected Retail Report 2023, highlighting consumers' increasing demand for seamless shopping experiences across digital and physical channels. The report indicates that shoppers are evenly split between online (48%) and offline (52%) purchases, with 86% expecting similar service standards in both environments. Key insights reveal that delivery is preferred over curbside pickup, and personalization in retail is crucial, with 59% of consumers keen on personalized shopping experiences. Notable retailers recognized for their effective strategies include Apple, Best Buy, and IKEA.

CI&T has partnered with Crownpeak to develop a new Retail Experience Platform, which will be showcased at NRF 2023: Retail's Big Show from January 15-17 in New York. This platform utilizes composable commerce architecture to enhance retail and e-commerce customer experiences, enabling brands to efficiently optimize conversions and revenue. The collaboration aims to address the need for a digitized store experience, especially post-pandemic. Crownpeak recently acquired Attraqt, further enhancing its capabilities in delivering content-driven commerce.

CI&T (NYSE:CINT) has achieved the status of an Amazon Web Services (AWS) Advanced Tier Services Partner. This designation recognizes CI&T for its extensive expertise, with over 160 AWS certifications, and its successful delivery of digital solutions across various sectors, including finance and life sciences. The company's Head of Strategic Alliances, Felipe Demetrio de Souza, emphasized that this accomplishment reflects the team's dedication and AWS's confidence in their capabilities. CI&T continues to focus on cloud modernization and enhancing client responses to market needs.

CI&T, a global digital specialist, has been awarded the 'Best Supplier' in the Innovation category by Cielo, a leader in electronic payments in Brazil and Latin America. This accolade recognizes CI&T's significant contributions to projects like the launch of PIX, a digital payment method, and the development of an E-commerce platform for commercial establishments. Cielo commended CI&T for its agility, technical expertise, and commitment to innovation, indicating a strong partnership that enhances the digital transformation journey for businesses.

CI&T (NYSE: CINT) reported third quarter 2022 results, showing a net revenue of R$559.0 million, up 48.7% year-over-year. The company achieved a net profit of R$40.6 million, reversing a loss from the previous year. Adjusted EBITDA increased to R$107.3 million with a margin of 19.2%. For the nine months ended September 30, 2022, net revenue reached R$1,575.9 million, a 59.6% growth. CI&T forecasts a fourth quarter net revenue of at least R$605 million, anticipating full-year revenue growth of at least 58% at constant currency.

CI&T (NYSE:CINT) has finalized the acquisition of NTERSOL Consulting LLC, enhancing its digital transformation expertise, particularly in North America’s financial services sector. This strategic move adds over 170 digital specialists to CI&T’s team, strengthening its capabilities to serve existing and new clients efficiently. Founded in Irvine, California, NTERSOL specializes in helping financial companies modernize their operations. This acquisition aligns with CI&T's goal of maintaining industry leadership and meeting growing client demands for digital solutions.

CI&T (NYSE:CINT) will announce its Q3 2022 financial results on November 17, 2022, before the market opens. Following the release, a video conference will take place at 08:00 a.m. EST to discuss the results. CI&T is a global digital transformation partner with a focus on strategy, design, and software engineering, servicing over 100 large enterprises and fast-growing clients. With 27 years of experience, the company aims to enhance business impact through scalable digital solutions.

CI&T (NYSE:CINT) has entered a sale and purchase agreement to acquire NTERSOL Consulting LLC, a U.S. digital transformation provider, to enhance its financial services capabilities in North America. This strategic acquisition aims to integrate NTERSOL's team of over 170 digital specialists and enhance CI&T's market position within the banking, financial services, and insurance sector. The deal is anticipated to close in Q4 2022, bolstering CI&T's expertise and operational capacity in the rapidly evolving digital landscape.