Thoughtworks Holding, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 27, 2024 at 07:21 am EST
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Thoughtworks Holding, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 252.39 million compared to USD 310.74 million a year ago. Net loss was USD 22.43 million compared to net income of USD 16.11 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to basic earnings per share from continuing operations of USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to diluted earnings per share from continuing operations of USD 0.05 a year ago.
For the full year, the company reported sales was USD 1,126.82 million compared to USD 1,296.24 million a year ago. Net loss was USD 68.66 million compared to USD 105.39 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to USD 0.34 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to USD 0.34 a year ago.
Thoughtworks Holding, Inc. is a global technology consultancy company. The Company provides end-to-end digital strategy, design, and engineering services. It provides a range of services, including enterprise modernization, platforms, and cloud; customer experience, product, and design; data and artificial intelligence (AI), digital transformation and operations, and DAMO managed services. Its enterprise modernization, platforms and cloud service line include modernization strategy and execution; digital platform strategy and engineering organization transformation and cloud-native application support and evolution. Its customer experience, product and design service line deliver idea to market, customer experience strategy and product organization transformation. Its data and AI service line delivers data strategy; intelligent products; data platforms and data mesh. Its digital transformation and operations service line delivers delivery transformation and digital fluency.