TWKS - Thoughtworks Holding Non-GAAP EPS of $0.10 beats by $0.01 revenue of $310.74M beats by $4.17M

• Thoughtworks Holding press release ( NASDAQ: TWKS ): Q4 Non-GAAP EPS of $0.10 beats by $0.01 .
• Revenue of $310.74M (+8.3% Y/Y) beats by $4.17M .

• Thoughtworks provides the following outlook for the first quarter and full year 2023:

  First quarter

  Thoughtworks expects the following for the first quarter:

  • Revenues in the range of $303 million to $305 million, reflecting year-over-year decline of (5.5)% to (5.0)%; or (2.5)% to (2.0)% in constant currency. Acquisitions, including those completed during 2023, are expected to contribute approximately 3% to year-over-year revenue growth;
  • Adjusted EBITDA Margin in the range of 9.5% to 10.5%;
  • Adjusted Diluted EPS in the range of $0.03 to $0.04, assuming a weighted average of 333 million diluted outstanding shares; and
  • Stock-based compensation expense of $19 million.
  • Q1 revenue consensus of $342.67M, Adj. diluted EPS of $0.13 consensus

  Full year

  Thoughtworks expects the following for the full year:

  • Revenue growth in the range of 0.5% to 2.5%; or 0.0% to 2.0% 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 18.0% to 19.0%;
  • Adjusted Diluted EPS in the range of $0.38 to $0.41, assuming a weighted average of 335 million diluted outstanding shares; and
  • Stock-based compensation expense of $81 million.
  • FY23 revenue consensus of $1.46B, Adj. diluted EPS of $0.52 consensus

For further details see: