Taskus, Inc. Stock Price, News & Analysis

TaskUs (Nasdaq: TASK) reported a strong fiscal year 2022, with total revenue of $960.5 million, achieving a year-over-year growth of 26.3%. The fourth quarter revenue reached $242.2 million, up 6.8% year-over-year. Net income for the year was $40.4 million, with a GAAP net income margin of 4.2%. The company generated $147.1 million in operating cash flow and $103.3 million in free cash flow. Looking ahead, TaskUs forecasts 2023 revenue between $940 million and $990 million, a modest growth of approximately 0.5% at midpoint.

TaskUs (NASDAQ: TASK) has announced its commitment to a new partnership with Watershed and Ever.green, aimed at launching the first fixed-price virtual power purchase agreement (VPPA) for a solar plant in Laredo, Texas. This initiative allows TaskUs and its customers to finance clean energy, significantly reducing carbon emissions by an estimated 13,000 tons of CO2 annually, comparable to removing almost 3,000 gas-powered cars from the road. The VPPA will enable TaskUs to stabilize energy costs while supporting its long-term environmental goals as part of its broader ESG commitments.

TaskUs, Inc. (Nasdaq: TASK) plans to release its fourth quarter and full year 2022 financial results on February 27, 2023, after market close. A conference call will follow at 5:00 p.m. ET, providing insights into the company’s performance and future outlook.

Investors can access the live call through toll-free numbers or a webcast. The archived presentation will be available for 90 days post-event. TaskUs offers outsourced digital services to technology sectors, employing approximately 48,700 staff across 28 locations in 14 countries.

TaskUs, a leader in digital customer experience and AI outsourcing, was recognized by Frost & Sullivan as a top participant in its 2022 report on North American Customer Experience Outsourcing Services. The company excelled in both growth and innovation indices, achieving the highest revenue growth rate in 2021. TaskUs's innovative approach combines content moderation and AI technology, significantly increasing its market share. The company has committed to a people-first culture and continuous innovation, further solidifying its industry position.

TaskUs has announced a strategic partnership with L1ght, investing up to $2 million in the AI company focused on anti-toxicity. This partnership will enhance TaskUs’s Safety Operations Center, which integrates AI and human moderators to effectively moderate online content across various platforms. The service aims to address the rising challenges of content moderation in today's digital landscape. By combining AI capabilities with expert moderation, TaskUs seeks to provide cost-effective solutions for managing harmful online content.

TaskUs, a leader in digital outsourced services for tech companies, will participate in two investor conferences in November 2022. The BTIG Technology Innovation Summit is set for November 15, featuring virtual meetings. Following this, the RBC Capital Markets Global Technology, Internet, Media and Telecom Conference will occur on November 16 in New York, highlighted by a fireside chat at 1:25 pm ET. The fireside chat will be accessible via a live audio webcast and archived on TaskUs's investor relations webpage. TaskUs employs approximately 48,700 staff across 28 locations globally.

TaskUs, Inc. (Nasdaq: TASK) reported Q3 2022 revenues at $232.1 million, achieving a 15.5% year-over-year increase. GAAP net income was $5.4 million with a margin of 2.3%, while non-GAAP Adjusted Net Income stood at $35.8 million, reflecting a 15.4% margin. The company raised its full-year revenue outlook to $949 million - $951 million, indicating a 24.9% growth rate. TaskUs also initiated a $100 million share repurchase program, signaling confidence in long-term value creation.

TaskUs, Inc (Nasdaq: TASK) will report its third quarter 2022 financial results on November 7, 2022, after market close. A conference call and webcast will follow at 5:00 p.m. ET to discuss the company's performance and business results. Interested parties can access the call via toll-free numbers or through a live webcast on the company’s Investor Relations website. TaskUs specializes in providing outsourced digital services and next-generation customer experiences for rapidly growing technology companies, with around 45,300 employees across 13 countries.

TaskUs (NASDAQ: TASK) announced the opening of its fourth site in Navi Mumbai, India, to support its rapidly growing operations in the region. This new facility is strategically located near major cities like Mumbai and Pune, providing access to a skilled workforce. The 115,000-square-foot site will accommodate 1,100 employees and aims to foster a people-first culture. TaskUs, known for its innovative workplace and employee benefits, has received multiple awards for its workplace culture and diversity initiatives. The facility is expected to open early next year.