Welcome to our dedicated page for CI&T news (Ticker: CINT), a resource for investors and traders seeking the latest updates and insights on CI&T stock.
CI&T Inc. provides tech-integrated business solutions for large enterprises and fast-growth clients, combining AI, strategy, customer experience, software development, cloud services and data work. Its updates commonly cover quarterly results, Form 20-F reporting, client modernization projects, and the use of CI&T FLOW, the company’s proprietary AI management system, in software delivery and operational transformation.
Company news also reflects CI&T’s global delivery model, nearshoring and AI talent themes, and customer work in sectors such as financial services, consumer goods, retail, industrial goods, life sciences, technology and communications.
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.
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CI&T (NYSE:CINT) has completed the acquisition of Transpire Technology Pty Ltd for AUD 23.4 million (USD 16.4 million). This strategic buy aims to strengthen CI&T's presence in Australia and the APAC region, adding approximately 100 digital specialists to its workforce. Transpire recorded a fiscal year net revenue of AUD 15.5 million (USD 10.9 million) ending June 2022, enhancing CI&T's capabilities in digital transformation. This move aligns with CI&T's goal of accelerating growth and servicing more clients in the rapidly evolving digital landscape.
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.