Ci&T, Inc. ( (CINT) ) has released its Q1 earnings. Here is a breakdown of the information Ci&T, Inc. presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
CI&T, Inc. is a global technology transformation specialist that assists over 100 large enterprises and fast-growing clients in navigating change through AI, strategy, customer experience, software development, cloud services, and data solutions. In the first quarter of 2025, CI&T reported a 13.7% growth in net revenue at constant currency, with a total net revenue of $110.9 million, marking a 4.9% increase from the previous year. The company’s net profit surged by 64.7% to $7.4 million, and adjusted EBITDA rose by 15.2% to $19.6 million, reflecting a strong financial performance.
Key financial metrics highlighted in the earnings report include an adjusted EBITDA margin of 17.6% and an adjusted net profit margin of 8.7%. The company also reported a significant increase in diluted earnings per share, which rose by 68.1% to $0.05. The growth was attributed to a 21.6% increase in employee headcount and a reduction in SG&A expenses by 13.5%, primarily due to lower personnel costs and the absence of one-time restructuring expenses from the previous year.
The company experienced notable revenue growth in the financial services and retail sectors, with increases of 24.9% and 31.7%, respectively. However, there were declines in the technology and telecommunications, life sciences, and other sectors. Geographically, North America and Latin America showed strong revenue growth, while Europe experienced a decline. CI&T’s top client revenue increased by 72.1%, and revenue from the top 10 clients grew by 7.2%.
Looking ahead, CI&T is optimistic about its growth prospects, expecting at least an 11.9% increase in net revenue for the second quarter of 2025 on a constant currency basis. The company reaffirms its guidance for the full year, anticipating net revenue growth in the range of 9% to 15% and an adjusted EBITDA margin between 18% and 20%. This outlook is supported by CI&T’s commitment to innovation and its strategic market positioning.