Thoughtworks reports Q3 EPS 4c, consensus 3c

Reports Q3 revenue $280.16M, consensus $278.17M. Guo Xiao, Thoughtworks’ CEO, said, “We delivered revenues of $280.2 million in the third quarter of 2023. We are seeing more stability in the demand environment and new logo acquisition continues to be a strength, with 34 new clients in the quarter. Our restructuring program is moving at pace. In the third quarter, we took actions to achieve $68 million of cost savings on an annualized basis.”