Taskus, Inc. Class A ( (TASK) ) has released its Q3 earnings. Here is a breakdown of the information Taskus, Inc. Class A presented to its investors.
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TaskUs, Inc. is a leading provider of outsourced digital services and next-generation customer experience solutions for innovative companies across various fast-growing sectors such as social media, e-commerce, and fintech.
In its fiscal third-quarter 2024 earnings report, TaskUs, Inc. announced a significant 13.2% increase in total revenues, reaching $255.3 million, marking the highest quarterly revenue in the company’s history. The company attributes this growth to strong demand from both new and existing clients and strategic investments in sales, marketing, and technology.
Key financial highlights include a net income of $12.7 million with a 5.0% net income margin, adjusted net income of $34.3 million with a 13.4% margin, and a diluted EPS of $0.14. The company also reported an adjusted EBITDA of $54.2 million, exceeding its guidance, and a net cash flow from operations of $17.0 million. Despite a decline in free cash flow conversion, TaskUs expanded its workforce by adding 3,100 team members.
Looking forward, TaskUs expects continued growth with projected revenues between $988 million and $990 million for the full year 2024, and anticipates delivering approximately $213 million in adjusted EBITDA, supported by its ongoing investments and strategic initiatives.
