Cash FlowTELUS International is expected to deliver $367M in free cash flow in 2024, despite operating challenges, and maintains a SPEC BUY rating.
Financial PerformanceAnalyst maintains a SPEC BUY rating due to the attractive FCF yield and signs of improvement in the IT services space.
Support And GrowthThere is support from the parent company TELUS with spend rising 7% year-over-year, and TIXT’s large social media client grew 7% year-over-year, reflecting recent stabilization.