TELUS International (Cda) Inc. Subordinate Voting Shares - TIXT STOCK NEWS

TELUS International has announced the pricing of an upsized secondary public offering of 14,400,000 subordinate voting shares at US$34.00 each, led by certain shareholders, including Baring Private Equity Asia. The offering increased from a previously planned 12,000,000 shares. TELUS International will not sell any shares or receive proceeds from this offering, which is set to close on September 28, 2021. Additionally, an option for underwriters to purchase an additional 2,160,000 shares is available. The offering's details will be available in a prospectus filed with relevant securities authorities.

TELUS International has announced a proposed underwritten public secondary offering of 12,000,000 subordinate voting shares, primarily by certain shareholders, including Baring Private Equity Asia. An option to purchase an additional 1,800,000 shares is also available. TELUS International will not sell shares or receive proceeds from this offering, which is subject to market conditions. Joint lead managers include J.P. Morgan, Barclays, CIBC, and Credit Suisse. The registration statement is pending effectiveness and the offering is not an offer to sell securities prior to registration.

TELUS International (NYSE:TIXT) has announced the opening of a new digital customer experience delivery center in North Charleston, enhancing its capacity to support global brands. The facility will create approximately 1,200 jobs by 2022, in addition to hiring 600 team members by the end of 2021. The site covers 80,000 square feet and features modern amenities for employees. TELUS International also donated $10,000 to support local educators. The company aims to continue its growth and positive momentum with double-digit organic growth reported in the second quarter.

TELUS International (TIXT) reported strong Q2 2021 results, achieving 36% revenue growth to $533 million, driven by a 20% organic growth from existing clients and new acquisitions. Adjusted EBITDA rose 56% to $131 million, with adjusted diluted EPS up 100% year-over-year at $0.24. Free cash flow reached $71 million, showcasing operational strength. Despite these positives, net income fell to $16 million, down from $43 million in Q2 2020. The company raised its 2021 revenue outlook, predicting between $2.170 billion and $2.210 billion, reflecting continued business momentum.

TELUS International (NYSE and TSX: TIXT) has launched Intelligent Insights, a platform designed for managing robotic process automation (RPA) solutions. This tool enables businesses to oversee their digital operations on a single platform, offering cost-saving opportunities and innovation insights. During its pilot, Intelligent Insights helped a telecom company save $24 million and 800,000 hours across over 12 million transactions. IDC forecasts the intelligent process automation market to grow to $28.5 billion in 2023, with a significant adoption expected across organizations.

TELUS International (NYSE and TSX: TIXT) has been recognized as a ‘Leader’ in the Everest Group's 2021 Customer Experience Management (CXM) PEAK Matrix Assessment for the third consecutive year. The evaluation considered various factors including market success, strategy, and client feedback. TELUS International also climbed to the ninth position on the Everest Group's 2021 BPS Top 50 list, marking a significant improvement of 18 spots from the previous year, with a notable 55% revenue growth year-over-year. This recognition underscores the company's strong growth and digital capabilities.

TELUS International (NYSE and TSX: TIXT) will announce its second quarter 2021 results on July 30, 2021, before the market opens. A conference call will follow at 10:30 a.m. (ET) where management will discuss the results and address questions from pre-qualified analysts. The call will be accessible via a live webcast on the TELUS International Investor Relations website, with a replay available afterwards. The company specializes in delivering digital solutions to enhance customer experience for various global brands.

TELUS International (TIXT) has acquired Bangalore-based Playment, enhancing its capabilities in data annotation and computer vision. This acquisition follows the earlier purchase of Lionbridge AI and positions TELUS to better support clients developing AI solutions. The computer vision market is projected to grow from $16 billion in 2021 to over $50 billion by 2026, highlighting its significance across various sectors. The deal is anticipated to bolster TELUS's competitive edge through improved data management and AI strategy, thereby driving future growth.