TELUS International (CDA) (TSE:TIXT) has released an update.
TELUS International, soon to be rebranded as TELUS Digital, reports resilient cash flows amidst a challenging macroeconomic climate and revises its 2024 outlook while announcing leadership changes, including the retirement of CEO Jeff Puritt and appointments of Jason Macdonnell and Tobias Dengel in key executive roles. Despite market pressures and a decline in profitability, the company is investing in AI, which now comprises about 15% of its revenue, and celebrates industry recognition for its innovative AI solutions. The company’s financials show a slight revenue dip but maintain a strong sales funnel, with strategic investments aimed at revenue diversification and long-term growth.
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