Thoughtworks Holding Inc Stock Price, News & Analysis

Thoughtworks (NASDAQ: TWKS) has completed the acquisition of Handmade Design, a Brazilian design consultancy, enhancing its customer experience and product design capabilities in Brazil. This strategic move aims to enable Thoughtworks to provide end-to-end solutions, driving growth and value for its clients. The announcement emphasizes Thoughtworks’ commitment to the Brazilian market and its focus on delivering extraordinary customer experiences. Financial details of the acquisition remain undisclosed.

Thoughtworks reported Q2 2022 revenues of $332.1 million, marking a 27.5% year-over-year increase and 33.5% growth on a constant currency basis. The company experienced a diluted loss per share of $(0.10), improving from $(0.18) in Q2 2021, while adjusted diluted EPS rose to $0.11. Stock-based compensation reached $55.2 million, significantly higher than $8.4 million the previous year. The firm maintains robust liquidity with $274.5 million cash as of June 30. Full-year revenue growth is projected between 29.5% and 30.5% on a constant currency basis.

Thoughtworks (NASDAQ: TWKS) will announce its second quarter 2022 financial results on August 15, 2022, before the market opens. A conference call will follow at 8:00 a.m. ET the same day. Investors can register for the call through the provided link and access the webcast on the company's investor relations website. Thoughtworks, a global technology consultancy with over 11,000 employees, focuses on driving digital innovation through strategy, design, and engineering.

Cognito has been named the agency of record for Thoughtworks (NASDAQ: TWKS) in North America. The partnership aims to enhance Thoughtworks' corporate reputation and drive brand awareness following its IPO in September 2021. Cognito will provide corporate, financial, and digital communications advice, focusing on positioning Thoughtworks as a leader in responsible technology. The collaboration will involve senior Cognito advisors working closely with Thoughtworks' management to promote its thought leadership at the intersection of technology and society.

Thoughtworks (NASDAQ: TWKS) has secured the status of AWS Premier Tier Services Partner, highlighting its expertise in helping clients navigate and optimize their operations on AWS. This prestigious designation signifies a strong commitment and advanced capabilities in cloud migrations and modern enterprise solutions. With a rich history of assisting clients since 2006, Thoughtworks has earned multiple competencies in AWS services, positioning itself as a leader in digital transformation.

Thoughtworks (NASDAQ: TWKS), a technology consultancy, will release its second quarter financial results on August 15, 2022, before market open. Following the results, a conference call and webcast will take place at 8:00 a.m. ET. Registration for the call is available online, and the webcast will also be accessible on the Thoughtworks investor relations website. This event provides investors with critical insights into the company's performance and future outlook.

Thoughtworks (NASDAQ: TWKS), a global technology consultancy, has been recognized as a Leader in Modern Application Development Services by Forrester. The firm excelled in a 28-criterion evaluation, achieving the highest scores in the strategy category. This recognition highlights Thoughtworks' commitment to modernizing development capabilities and delivering innovative solutions to clients. According to Forrester, the company's software engineering expertise positions it as a strong choice for those aiming to enhance their development processes.

Thoughtworks (NASDAQ: TWKS) has signed a multi-year agreement with PCI Pharma Services to digitize its supply chain, aiming to expedite the delivery of life-changing therapies. The collaboration will co-develop tools for digital business modernization, enhancing client visibility in clinical and commercial drug supply chains across 100+ countries. This initiative includes expanding the pci | bridge platform, which offers real-time project statuses and analytics. Both companies will work closely using agile methods to improve self-service solutions and streamline data collection for better decision-making.

Thoughtworks (NASDAQ: TWKS) has partnered with Bluestone to enhance the digital capabilities of its home loan services. This collaboration aims to create a cloud-hosted digital lending platform that replaces an outdated mortgage system, boosting transparency and automation. The new self-service web portal allows for better customer service and has reportedly saved Bluestone an average of 690 minutes on loan applications daily. According to Bluestone's CEO, the partnership has transformed technology into a driver of customer experience improvements.