TELUS International (Cda) Inc. - TIXT STOCK NEWS

TELUS International, soon to rebrand as TELUS Digital Experience, has made strategic hires to bolster its Fuel iX leadership team. Bret Kinsella joins as General Manager and Tim MacGregor as Vice President of Business Development, bringing a combined 50 years of AI and SaaS industry experience. These appointments aim to drive innovation in AI-powered customer experiences.

Fuel iX, TELUS International's proprietary GenAI engine, comprises two main solutions: Fuel iX Core for enterprise AI integration and administration, and Fuel iX Apps for GenAI application templates. Notably, Fuel iX Core recently powered the first GenAI customer support chatbot to receive international Privacy by Design certification (ISO 31700-1).

The company aims to accelerate enterprise adoption and optimization of GenAI capabilities, offering centralization, standardization, and flexibility across cloud and model providers.

Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, has been chosen by TELUS (TSX: T) (NYSE: TU) as its preferred ad technology solutions partner in Canada. TELUS will utilize Magnite's SpringServe ad server and Streaming SSP for its Free Ad-Supported TV (FAST) and online video advertising inventory. This partnership aligns with the growing trend of ad-supported streaming, as 74% of Canadian consumers now watch streaming TV. The collaboration aims to enhance TELUS's TV offerings at no additional cost to customers, while providing advertisers with better insights and control over their campaigns.

Magnite's technology will allow TELUS to manage and monetize its connected TV (CTV) inventory more effectively. TELUS has already deployed FAST channels like TIME, Tastemade, and The Washington Post to its TV+ customers, offering new opportunities for advertisers and agencies to connect with audiences. Both companies are excited about the potential to redefine the Canadian advertising landscape and deliver premium ad experiences to consumers and brands alike.

WillowTree, a TELUS International Company, conducted a global survey revealing key insights into consumer loyalty preferences for credit card reward programs across five regions: North America, Middle East–Africa, South America, Europe, and Asia–Pacific. The study underscores the necessity for financial brands to adopt personalized, data-driven customer segmentation strategies for loyalty programs. Key takeaways include the universal preference for mobile app engagement and popular redemption choices like cashback and essential goods. The survey highlights regional differences: North Americans prefer local redemptions, Middle East–Africa values transparency, South Americans appreciate savings on essentials, Europeans seek convenience, and Asia–Pacific values travel rewards. This research aims to help brands develop tailored loyalty programs to enhance customer retention and growth.

TELUS International (TIXT) announced its rebranding to TELUS Digital Experience, effective Q3 2024. The rebrand reflects its strategic shift to focus on AI and digital transformation solutions, including AI data platforms, virtual assistants, and proprietary software. TELUS aims to position itself as a leading partner for global brands, leveraging advanced AI to optimize customer experiences. Despite the name change, the company will retain its TIXT trading symbol.

TELUS International (NYSE and TSX: TIXT) has partnered with eGain (NASDAQ: EGAN) to enhance its Contact Center as a Service (CCaaS) offering. This collaboration integrates the eGain Knowledge Hub™, a comprehensive AI-driven platform for modern knowledge management, into TELUS International’s services.

Key benefits include a 50% reduction in agent training time, a 35% increase in first-contact resolution, and a 70% deflection of agent-assisted service requests. The eGain Knowledge Hub™ unifies content management, AI, search methods, and analytics to deliver accurate answers, boosting customer satisfaction and loyalty.

The partnership aims to provide consistent, positive experiences across live and self-service channels. The modular architecture enables brand-specific customizations, improving agent efficiency and optimizing self-service options.

TELUS announced the election of directors at its annual meeting. The 14 nominees proposed by management were elected, with high percentages of votes in favor for each director. The detailed voting results were disclosed, showing strong support from shareholders.

Telus CEO, Darren Entwistle, has decided to receive his salary in shares indefinitely, reflecting his confidence in the company's financial health, long-term strategy, and the team's skill. This decision comes after Telus reported industry-leading customer additions and solid financial results. Entwistle's move demonstrates his alignment with shareholders and past practice of investing significantly in Telus shares.

TELUS International reported its first quarter 2024 results, showing revenue of $657 million, net income of $28 million, and diluted EPS of $0.05. The company maintained profitability and strong cash flows despite economic pressures, with adjusted EBITDA increasing by 9%. The team member count decreased by 3% year-over-year. The outlook for 2024 includes revenue growth of 3% to 5%, adjusted EBITDA growth of 7% to 10%, and adjusted diluted EPS growth of 7% to 13%.

TELUS reported strong operational and financial results for the first quarter of 2024, with total mobile and fixed customer growth of 209,000, a record first quarter. Notable highlights include robust net additions across mobile phones, connected devices, and fixed services, resulting in revenue growth. The company raised its dividend by 7.0%, reiterated its 2024 financial targets, and remains committed to delivering value to shareholders. Despite a decline in operating revenues, TELUS demonstrated resilience in a competitive environment.