TELUS International (Cda)NYSE: TIXT

TELUS International (TIXT) is rebranding to TELUS Digital Experience to highlight the evolution of its business strategy focused on AI.

TELUS International (Cda) Inc. (TIXT) Q4 2023 Earnings Call Transcript

TELUS International has experienced a downturn in the customer experience and digital services sector due to the tech sector's decline. The company has a foothold in the AI market and is well-positioned to benefit from the growth of generative AI. TELUS International has implemented cost rationalization strategies and is focused on margin recovery to sustain profitability.

Telus International (TIXT) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.32 per share a year ago.

TELUS International (Cda) Inc. provides customer experience consulting and technology solutions globally. Management has reduced growth guidance from lowered client spending, and profitability has dropped due to delays in European headcount reductions. My near-term outlook on TELUS International is Bearish [Sell].

TELUS International (Cda) Inc. (NYSE:TIXT ) Q2 2023 Earnings Conference Call August 4, 2023 10:30 AM ET Corporate Participants Jason Mayr - Head of Investor Relations and Treasurer Jeff Puritt - President & Chief Executive Officer Vanessa Kanu - Chief Financial Officer Conference Call Participants Tien-tsin Huang - JPMorgan Ramsey El-Assal - Barclays Aravinda Galappatthige - Canaccord Cassie Chan - Bank of America Daniel Chan - TD Cowen Maggie Nolan - William Blair Keith Bachman - BMO Ryan Potter - Citi Divya Goyal - Scotiabank Stephanie Price - CIBC Operator Good morning. Ladies and gentlemen, welcome to the TELUS International Second Quarter 2023 Investor Call.

Telus International (TIXT) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.30 per share a year ago.

TELUS International dropped 31% on July 14 and closed near the lows of the day. We look at the reset guidance and whether the valuation is getting appealing. We examine the parent, TELUS, finally hitting some of our older price targets and see whether we can pick this up.

Telus International recently provided preliminary Q2 results and a full-year performance target that disappointed investors. The company slashed its revenue and earnings targets for the current fiscal year.