CI&T Inc Stock Price, News & Analysis

CI&T announced the appointment of Carla Trematore to its Board of Directors, effective September 1, 2022. Trematore brings extensive experience from her tenure at big four audit firms and her role as accounting partner at Hirashima & Associados. She has previously chaired the audit committee of Caixa Econômica Federal and holds positions on several boards and fiscal councils in Brazil. Her financial expertise is expected to support CI&T's global growth. CI&T is recognized for its digital transformation services, serving over 100 enterprises worldwide.

CI&T (NYSE: CINT) has announced a strategic acquisition of Transpire Technology Pty Ltd, an esteemed Australian technology consultancy, for AUD 23.4 million (USD 16.4 million). The acquisition aims to bolster CI&T's presence in the APAC region by adding approximately 100 digital specialists to its workforce. Transpire delivered AUD 15.5 million (USD 10.9 million) in net revenue in its last fiscal year. The deal is expected to close in Q3 2022, pending customary conditions.

CI&T (NYSE: CINT) reported strong financial results for 2Q22, with net revenue of R$525 million, a 67% increase year-over-year. Adjusted EBITDA rose 36% to R$100.4 million, reflecting a margin of 19.1%. However, net profit declined by 42% to R$26 million. The company achieved a significant growth in client base, increasing high-revenue clients from 110 to 127 in one quarter. CI&T expects continued growth, projecting 55% revenue increase for the full year 2022 amidst foreign exchange impacts.

CI&T (NYSE: CINT) has executed a sale and purchase agreement to acquire Transpire Technology Pty Ltd for AUD 23.4 million (USD 16.4 million). Transpire, an award-winning Australian consultancy with a track record serving major organizations, will add around 100 digital specialists to CI&T, enhancing its operational capabilities in the APAC region. For the fiscal year ending June 2022, Transpire reported net revenue of AUD 15.5 million (USD 10.9 million). The acquisition is set for completion in Q3 2022, pending customary closing conditions.

CI&T (NYSE: CINT) has been recognized as a Leader in The Forrester Wave™: Modern Application Development (MAD) Services, Q3 2022. The report highlights CI&T's exceptional performance, achieving top scores in 18 of 28 evaluation criteria, including agile development and partner ecosystem. According to Forrester's Vice President, CI&T is well-suited for enterprises focusing on digital transformation. The company's Application Modernization strategy enables organizations to enhance innovation and operational agility, positioning them competitively in a fast-paced market.

CI&T (NYSE: CINT) will announce its second quarter 2022 financial results after market close on August 17, 2022. A video conference call to discuss these results will be held on August 18, 2022, at 08:00 a.m. EDT / 09:00 a.m. BRT. CI&T is a global digital specialist with over 6,400 professionals, focused on digital transformation for large enterprises. The company emphasizes its strong track record and global presence in nine countries, providing strategy, design, and software engineering services.

CI&T (NYSE: CINT) has announced the acquisition of 100% of BOX 1824 PLANEJAMENTO E MARKETING LTDA. The São Paulo-based strategic consulting firm is recognized for its 3D methodology, which connects behavioral trends with effective business strategies. This acquisition aims to enhance CI&T's global strategic capabilities by integrating Box 1824's team of around 40 senior business strategists. Notable past clients include Itaú, Nike, and Google. Box 1824 will operate independently under the CI&T umbrella, with its CEO, Paula Englert, continuing in her role.

CI&T (NYSE: CINT) reports strong 1Q22 results, with net revenue reaching R$491.9 million, marking a 66% increase from 1Q21. In constant currency, growth was 75.3%. The firm added 16 new clients with revenues exceeding R$1 million and increased its workforce by 71%. CI&T forecasts 2022 net revenue of at least R$2,300 million, a 59% increase, and maintains a 20% adjusted EBITDA margin. Adjusted net profit was R$33.5 million, down 16% year-over-year, influenced by rising costs and financial expenses. The company is well-positioned in North America and Europe, with strong demand across various sectors.