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Thoughtworks Holding, Inc. - $TWKS STOCK NEWS

Welcome to our dedicated page for Thoughtworks Holding news (Ticker: $TWKS), a resource for investors and traders seeking the latest updates and insights on Thoughtworks Holding stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Thoughtworks Holding's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Thoughtworks Holding, Inc. (NASDAQ: TWKS) reported fourth quarter revenues of $252.4 million, below guidance due to supply constraints and cautious client behavior. The company added 46 new clients and achieved $81 million in annualized cost savings. However, net loss margin was (8.9)% in Q4. Full year revenues were $1,126.8 million, with a net loss margin of (6.1)% for 2023. Thoughtworks expects Q1 2024 revenues of $241-246 million and full year revenues of $980-1,010 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-28.85%
Tags
-
Rhea-AI Summary
Thoughtworks (NASDAQ: TWKS) will report financial results for the fourth quarter and full year 2023 on February 27, 2024. The company will host a conference call to discuss its financial results with the investment community. A live webcast of the call will be available at https://investors.thoughtworks.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.01%
Tags
conferences earnings
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Rhea-AI Summary
Thoughtworks (NASDAQ: TWKS) has been named a Top 15 Sourcing Standout by Information Services Group (ISG) in the Breakthrough 15 category for the Americas region based on annual contract value (ACV) won over the last 12 months, according to the 4Q 2023 Global ISG Index™. Thoughtworks' inclusion in the ISG Index™ is based on data the company submits to ISG each quarter. The company's regional managing director expressed gratitude for the recognition, highlighting Thoughtworks' pioneering engineering practices and its ability to help clients maximize business value from digital assets through managed services and professional services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
none
Rhea-AI Summary
Thoughtworks (TWKS) Releases Fourth Edition of Looking Glass Report on GenAI and Data Strategy
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
AI
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Rhea-AI Summary
Thoughtworks (NASDAQ: TWKS) has been positioned in the Visionaries Quadrant in the 2023 GartnerⓇ Magic Quadrant™ for Custom Software Development Services, Worldwide. The company integrates strategy, design, and engineering to deliver value to over 300 clients, including global enterprises and technology disruptors. Thoughtworks helps solve clients’ most complex problems in digital transformation, cloud, platforms, data, artificial intelligence, and customer experience, product, and design. The Gartner report evaluated 20 vendors for its report on the custom software development services market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
Tags
none
-
Rhea-AI Summary
Thoughtworks (TWKS) expands business to Switzerland, aiming to scale up in key industry verticals in the European region. The company serves financial and health services clients and partners with SMG Swiss Marketplace Group and V-Zug. Thoughtworks' clients in Switzerland gain a digital service provider with local operations and global expertise from various industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.8%
Tags
none
Rhea-AI Summary
Thoughtworks (TWKS) collaborates with Viator to support the global experiences marketplace's digital transformation project. Viator reported 41% year-over-year revenue growth this quarter, with nearly $3B in gross bookings passing through its platform year-to-date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.97%
Tags
partnership
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Rhea-AI Summary
Thoughtworks (NASDAQ: TWKS) Announces Participation in Upcoming Investment Conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.48%
Tags
conferences
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Rhea-AI Summary
Thoughtworks Holding, Inc. (NASDAQ: TWKS) reported third quarter revenues of $280.2 million, with a year-over-year decline of (15.7)%. The company achieved $68 million of cost savings on an annualized basis and provided updated guidance for the full year and fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.09%
Tags
Rhea-AI Summary
Thoughtworks collaborates with the United Nations to launch a Responsible Technology Playbook
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
Tags
partnership acquisition
Thoughtworks Holding, Inc.

Nasdaq:TWKS

TWKS Rankings

TWKS Stock Data

1.03B
91.92M
8.69%
87.12%
1.23%
Data Processing, Hosting, and Related Services
Information
Link
United States of America
CHICAGO

About TWKS

a community of passionate individuals whose purpose is to revolutionize software design, creation and delivery, while advocating for positive social change. we work with people and organizations who have ambitious missions - whether they are in the commercial, social or government sectors. we set up smart teams who love challenges and think disruptively to help our clients succeed. our agile development tools help our clients continuously improve and deliver quality software. we are focused on helping our industry improve, and believe in sharing what we learn. we do this by writing books, blogging, running events, talking at conferences, and championing open source. we are strong believers in the power of software and technology as tools for social change. through our social impact program, we collaborate with organizations with a humanitarian mission and broad reach, helping them use technology to make an impact. learn more at http://www.thoughtworks.com/