TWKS - Thoughtworks Holding Non-GAAP EPS of $0.03 misses by $0.01 revenue of $307.06M beats by $2.94M
2023-05-09 07:37:29 ET
- Thoughtworks Holding press release ( NASDAQ: TWKS ): Q1 Non-GAAP EPS of $0.03 misses by $0.01 .
- Revenue of $307.06M (-4.3% Y/Y) beats by $2.94M .
- Q1 Operating cash flow of $33.0 million and free cash flow of $31.4 million
- 47 new clients in the first quarter
- Bookings of $1.5 billion for the trailing twelve months ended March 31, 2023
- Q2 Outlook: Revenues in the range of $300 million to $304 million, reflecting year-over-year decline of (10)% to (9)%; or (9)% to (8)% in constant currency. Acquisitions, including those completed during 2023, are expected to contribute approximately 2% to year-over-year revenue growth;
- Adjusted EBITDA Margin in the range of 15.0% to 16.0%;
- Adjusted Diluted EPS in the range of $0.03 to $0.04, assuming a weighted average of 329 million diluted outstanding shares; and
- Stock-based compensation expense of $18 million.
- 2023 Outlook: Revenues in the range of $1,261 million to $1,287 million, reflecting year-over-year decline of (3)% to (1)%; or (3)% to (1)% in constant currency. Acquisitions, including those completed during 2023, are expected to contribute approximately 2% to year-over-year revenue growth;
- Adjusted EBITDA Margin in the range of 17.0% to 18.0%;
- Adjusted Diluted EPS in the range of $0.31 to $0.34, assuming a weighted average of 333 million diluted outstanding shares; and
- Stock-based compensation expense of $76 million.
- Shares +2.48% PM.
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Thoughtworks Holding Non-GAAP EPS of $0.03 misses by $0.01, revenue of $307.06M beats by $2.94M