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.
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 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.
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%.
In the Innovation Consulting Services Landscape Q1 2024 Report, TELUS International's GenAI Accelerator supports the adoption of generative AI technology. A survey by Everest Group, supported by TELUS International, reveals that companies are considering outsourcing their GenAI development to address concerns over data security, privacy, and regulatory compliance. Enterprises are focusing on enhancing customer experience through GenAI technology, with a particular interest in non-voice customer support channels. WillowTree, recognized for its innovative approach in the industry, helps companies overcome challenges related to AI governance and deployment, ensuring trust, safety, and performance in GenAI programs.
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