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.
Thoughtworks (former NASDAQ: TWKS) is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, and its news flow reflects this focus. Company announcements highlight work at the intersection of software engineering, AI, customer experience and enterprise transformation across multiple regions and industry verticals.
On this page, readers can follow Thoughtworks news about AI research, partnerships and studies, such as its global survey on how enterprises are shifting AI strategies from efficiency to growth and innovation, and its collaborations with organizations like AI Singapore to develop methods, tools and best practices for evaluating generative AI applications. These stories shed light on how the company approaches AI-enabled software and data engineering and the role of its AI research team and Chief AI Officer.
News items also cover client and partner engagements, including work with Australian Payments Plus on customer experience guidelines for the PayTo payment solution, strategic partnerships with cybersecurity firm Advanced Cyber Defence Systems using DAMO AI-powered application managed services, and joint offerings with ConnectingYouNow to provide AI-powered managed services for operational efficiency, intelligent automation and predictive analytics.
Investors and observers can also find corporate updates such as quarterly financial results, restructuring program progress and the transaction under which affiliates of funds advised by Apax Partners LLP acquired Thoughtworks and took it private. Together, these releases provide context on Thoughtworks’ strategic direction, sector focus and evolving role in AI, security, payments and enterprise technology. Bookmark this page to access an organized stream of Thoughtworks news and historical announcements associated with the TWKS ticker.
Thoughtworks (NASDAQ: TWKS) has announced a definitive merger agreement with Apax Partners LLP. An affiliate of Apax Funds will purchase all outstanding shares of Thoughtworks common stock for $4.40 per share, implying a total enterprise value of approximately $1.75 billion. The purchase price represents a 30% premium to Thoughtworks' closing stock price on August 2, 2024, and a 48% premium over the 30-day volume-weighted average price.
The transaction, unanimously approved by a special committee of independent directors, is expected to close in the fourth quarter of 2024. Upon completion, Thoughtworks will become a privately held company and delist from NASDAQ. The deal is subject to customary closing conditions but does not require additional stockholder approval.
Thoughtworks (NASDAQ: TWKS), a global technology consultancy, has announced it will release its second quarter 2024 financial results on Tuesday, August 6, 2024, before the market opens. The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results with investors. A live webcast of the call will be available on the company's investor relations website, with an archived version and transcript accessible afterwards. This announcement provides investors and analysts with a clear timeline for accessing Thoughtworks' latest financial performance data and engaging with company leadership.
Thoughtworks (NASDAQ: TWKS), a global technology consultancy, has launched its inaugural Software-Defined Vehicle (SDV) Pulse report in collaboration with AWS. The report provides insights and trends to help automotive industry players navigate the transition to SDV. It identifies 40 key technologies, practices, and trends, categorized into three adoption stages: concept phase, early adoption, and mass adoption. Highlights include in-vehicle zero-trust architecture, continuous compliance, developer portals for vehicle APIs, Rust for embedded development, Automotive Grade Linux, and hardware accelerators in the cloud. The report aims to guide auto manufacturers and suppliers in leveraging these technologies to remain competitive.
Thoughtworks (NASDAQ: TWKS) announced its participation in several upcoming conferences with the investment community. These events include the J.P. Morgan Global Technology, Media, and Communications Conference in Boston on May 20, 2024, the TD Cowen Technology, Media & Telecom Conference in New York on May 29, 2024, the BofA Securities Global Technology Conference in San Francisco on June 4, 2024, and both the Baird Global Consumer, Technology & Services Conference and Wolfe Research Small and Mid-Cap Conference in New York on June 5, 2024. The company's engagements will consist of fireside chats and meetings, with webcast information available on its investor relations website.
Thoughtworks Holding, a global tech consultancy, announces CEO Guo Xiao stepping down, succeeded by industry veteran Mike Sutcliff effective June 17, 2024. Xiao leaves a legacy of growth and innovation, while Sutcliff brings vast experience from Accenture and entrepreneurship to lead Thoughtworks into the future.
Thoughtworks Holding, Inc. (NASDAQ: TWKS) reported first quarter 2024 revenues of $248.6 million, exceeding expectations. The company raised full-year revenue guidance and reiterated full-year Adjusted EBITDA Margin guidance. Despite a challenging macroeconomic environment, the business saw stability, with strong bookings and 49 new clients. The restructuring program led to $87 million in annualized savings and plans for additional savings of $25 million to $30 million. However, there was a year-over-year decline in revenues, net loss margin, and Adjusted EBITDA Margin. The company expects to return to sequential quarter-over-quarter revenue growth in Q2 2024.
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