Ci&T, Inc. ( (CINT) ) has released its Q4 earnings. Here is a breakdown of the information Ci&T, Inc. presented to its investors.
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CI&T, Inc. is a global technology transformation specialist that assists large enterprises and fast-growing clients in navigating change through AI, strategy, customer experience, software development, and more. The company is recognized for its proprietary AI platform, CI&T FLOW, which enhances team productivity and delivery efficiency.
In its latest earnings report for the fourth quarter of 2024, CI&T reported a record net revenue of R$656.5 million, marking a 25.6% increase compared to the same period in the previous year. The company also saw a significant rise in net profit, which increased by 169% to R$61.7 million.
Key financial highlights for the quarter include a 23.7% increase in adjusted EBITDA to R$128.1 million and a 41.3% rise in adjusted net profit to R$78.2 million. For the full year, CI&T reported a net revenue of R$2,367.8 million, a 6.0% increase from 2023, with net profit rising by 21.6% to R$161.2 million. The company also noted a 12.7% increase in cash generated from operating activities.
Looking ahead, CI&T expects continued growth in 2025, with projected net revenue growth at constant currency ranging from 9% to 15% year-over-year. The company aims to maintain an adjusted EBITDA margin between 18% and 20%, reflecting its commitment to sustainable, long-term value creation.