Financial PerformanceThe company reported fiscal Q4/24 adjusted EBITDA of $402.9 million, which was 3% less than forecast, indicating a shortfall in expected earnings before interest, taxes, depreciation, and amortization.
Market EnvironmentThe operating environment remains challenging with a weak macro driving customers to hold back on outsourcing, competitors being aggressive on pricing in certain verticals, and near-term margins impacted by some clients in Europe and Americas wanting to move their support to offshore locations.
Price TargetThe 12-month price target has been reduced to $54 from $70 due to a reduction in fiscal 2025 revenue, adjusted EBITDA, and non-GAAP EPS forecasts, reflecting slowing growth.