Welcome to our dedicated page for Telus Intl Cda news (Ticker: TIXT), a resource for investors and traders seeking the latest updates and insights on Telus Intl Cda stock.
TELUS International (Cda) Inc. news centers on TELUS Digital's digital customer experience business, enterprise AI offerings and corporate actions tied to its public-company status. Company updates include product launches such as Fuel iX Fortify, developments in the Fuel iX portfolio, customer experience management recognition, consumer research on AI assistants and operating and financial results.
Coverage also includes shareholder voting matters, capital-structure disclosures, governance updates and the completed privatization of TELUS Digital by TELUS. These items document the transition of TIXT from a listed foreign issuer with subordinate voting shares to a company within the TELUS corporate structure.
Lionbridge has successfully closed the sale of its AI division to TELUS International as of December 31, 2020. This divestment aligns with Lionbridge's strategy to concentrate on core language services across diverse sectors including technology and life sciences. CEO John Fennelly highlighted the cultural fit between the companies and expressed optimism for Lionbridge’s renewed focus on innovation for their customers. The transaction was facilitated by Morgan Stanley & Co. LLC and Kirkland & Ellis LLP, marking a significant transition for Lionbridge as it celebrates its 25th anniversary.
TELUS International (NYSE and TSX: TIXT) has completed the acquisition of Lionbridge AI, enhancing its digital customer experience (CX) capabilities. This strategic move aims to integrate AI and machine learning into customer interactions, fostering increased loyalty and revenue growth. The acquisition, cleared by the Committee on Foreign Investment in the United States, positions TELUS to provide high-quality AI training data sourced from a global network of annotators. The company emphasizes the ethical implications of AI deployment and aims to maintain unbiased data integrity.
TELUS International (TIXT) has announced an expansion of its partnership with Google Cloud, focusing on application migration and infrastructure modernization. This partnership aims to enhance digital customer experience (CX) solutions by integrating TELUS's offerings with Google Cloud's AI capabilities. The companies will jointly provide implementation services for Google Cloud's Contact Center AI. TELUS International is also on track to achieve Managed Services Provider (MSP) certification, reinforcing its commitment to digital transformation for enterprises.
TELUS International (TIXT) reported robust fourth-quarter and full-year results for 2020, with revenues up 55% to $1.6 billion. Key drivers included acquisitions of CCC and Lionbridge AI, enhancing their digital capabilities. Fourth-quarter revenue reached $442 million, a 62% year-over-year increase, while adjusted EBITDA surged 73% to $391 million. The company achieved net income of $103 million, up 49%. Notably, the IPO generated nearly $500 million, significantly reducing debt from acquisitions. TELUS International plans to host a Q1 2021 investor call around May 7.