TWKS - Thoughtworks: Uncertain Outlook Due To Competitive Environment And CEO Change
2024-05-30 01:13:33 ET
Summary
- TWKS beat revenue expectations in 1Q2024, but the growth was not organic, and the industry remains competitive.
- The business model of leveraging lower-cost overseas employees is becoming a disadvantage as clients become more price-sensitive.
- The upcoming CEO transition adds uncertainty, and the potential upside for TWKS is limited.