The earnings call reflects a cautiously optimistic outlook with significant achievements in revenue growth and client expansion, balanced by challenges in pricing pressure and specific client revenue declines. The company is focused on leveraging AI and digital solutions to drive future growth, while managing operational efficiency.

Company Guidance

During the TELUS Digital's Q3 2024 earnings call, the company provided guidance centered on four key strategic pillars aimed at rejuvenating revenue growth, advancing service quality differentiation, investing in talent, and driving business evolution for an AI-enabled economy. TELUS Digital reported Q3 revenue of $658 million, reflecting stabilization and incremental growth from the previous quarter, supported by AI data solutions and digital solutions. They highlighted a strong performance with their largest client, TELUS, with a 21% year-over-year revenue increase, and a 12% year-to-date growth with Google, their second-largest client. The adjusted EBITDA margin stabilized at 14.4%, with a focus on returning to growth to improve margins. The company reiterated its 2024 annual outlook, expecting revenues between $2.61 billion and $2.665 billion and adjusted EBITDA between $465 million and $485 million. Looking ahead, they anticipate gradual improvements in financial performance and maintaining a solid margin profile amidst ongoing industry pressures and opportunities from the increasing adoption of generative AI.

Revenue Growth with Major Clients

Revenue with TELUS grew 21% year-over-year, with strong project momentum including GenAI. Google revenue is up 12% year-to-date, with consistent growth in AI services. BFSI clients saw a 21% revenue increase year-over-year.

Expansion and Service Diversification

Expanded services for over 80 existing clients, including Google and a top social media network. New AI mandates won with clients in Japan and a Santa Clara-based chip maker.

Recognition as Industry Leader

TELUS Digital was recognized as a leader by Everest Group and Nelson Hall for CX services, marking the sixth consecutive year for such recognition.

Cost Efficiency Achievements

On track to achieve $30 million in cost efficiencies for the year, focusing on agile operations and non-essential cost limitations.

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TELUS International (CDA) (TSE:TIXT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:TIXT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 23, 2021	2020 (Q4)	- / 0.33	―	―	―	―
May 07, 2021	2021 (Q1)	0.25 / 0.29	0.055	421.82% (+0.23)	―	―
Jul 30, 2021	2021 (Q2)	0.26 / 0.30	0.22	36.36% (+0.08)	―	―
Nov 05, 2021	2021 (Q3)	0.29 / 0.32	0.285	13.33% (+0.04)	―	―
Feb 10, 2022	2021 (Q4)	0.30 / 0.35	0.328	7.93% (+0.03)	―	―
May 06, 2022	2022 (Q1)	0.32 / 0.34	0.287	16.72% (+0.05)	―	―
Aug 05, 2022	2022 (Q2)	0.35 / 0.39	0.3	29.33% (+0.09)	―	―
Nov 04, 2022	2022 (Q3)	0.41 / 0.43	0.323	34.06% (+0.11)
Feb 09, 2023	2022 (Q4)	0.43 / 0.47	0.354	32.77% (+0.12)
May 04, 2023	2023 (Q1)	0.34 / 0.38	0.335	13.43% (+0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:TIXT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 08, 2024	C$5.49	C$5.26	-4.19%
Aug 02, 2024	C$9.02	C$5.75	-36.25%
May 09, 2024	C$10.70	C$8.70	-18.69%
Feb 09, 2024	C$12.35	C$12.69	+2.75%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does TELUS International (CDA) (TSE:TIXT) report earnings?

TELUS International (CDA) (TSE:TIXT) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.

What is TELUS International (CDA) (TSE:TIXT) earnings time?

TELUS International (CDA) (TSE:TIXT) earnings time is at Feb 06, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:TIXT EPS forecast?

TSE:TIXT EPS forecast for the fiscal quarter 2024 (Q4) is -0.03.

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