Thoughtworks Holding, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 07:09 am
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Thoughtworks Holding, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 280.16 million compared to USD 332.45 million a year ago. Net loss was USD 25.85 million compared to USD 38.61 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to USD 0.12 a year ago.
For the nine months, sales was USD 874.43 million compared to USD 985.49 million a year ago. Net loss was USD 46.23 million compared to USD 121.5 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.39 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to USD 0.39 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.