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AgileThought, Inc. (NASDAQ: AGIL) is a global leader in digital transformation services, custom software development, and next-generation technology solutions. The company partners with Fortune 1000 clients to help them transform, build, and run their digital businesses from ideation and design to scaled delivery and support. AgileThought leverages advanced technologies to create competitive differentiation and exceptional customer experiences across various industries.
With consultants and delivery centers across North and Latin America, AgileThought provides agile-first delivery for digital transformation, application development, data analytics (AI, ML, IoT), cloud services, UX design, DevOps, and automation. The company's experts in these fields deliver next-generation software solutions that accelerate transitions to digital platforms.
In its latest developments, AgileThought reported 2022 revenues of $176.8 million, marking an 11.5% growth year-over-year. The company also increased its gross margin to 32.6%, adding 340 basis points year-over-year. Throughout 2022, AgileThought onboarded 21 new clients. For 2023, the company projects revenues to reach at least $201.6 million, implying a 14% year-over-year growth.
Recent Achievements:
- Launched industry-leading delivery infrastructure and reorganized its people team in 2022.
- Introduced two new guilds, Applied AI and Gaming, in 2023 to address the growing demand for AI solutions and gamification services.
- Secured additional funding and announced a go-private transaction with the support of Blue Torch Finance, aiming to emerge with reduced debt and a stronger financial foundation.
Despite market volatility and ongoing reorganization efforts, AgileThought continues to focus on enhancing client relationships and expanding its digital transformation capabilities. The company aims to remain at the forefront of technological innovations, ensuring that their services exceed client expectations.
For more information, visit AgileThought.
AgileThought, Inc. (Nasdaq: AGIL) announced the appointment of Eric Purdum as the new Chief Revenue Officer, effective immediately. Purdum, who has over 25 years of experience in digital transformation, will lead AgileThought's global sales teams and focus on customer-centric growth initiatives. His previous role was VP/Global Head of Banking Solutions at Luxoft, where he significantly improved team performance. This leadership change follows the departure of Kevin Johnston, the former Chief Operating Officer, recognizing his contributions during a transformative period for AgileThought. CEO Manuel Senderos expressed confidence that Purdum’s leadership will drive new opportunities and growth, aligning offerings with customer needs.
AgileThought, Inc. (NASDAQ: AGIL) reported its fourth quarter and full year results for 2022 on March 9, 2023. Fourth-quarter revenue was $43.1 million, representing a 2.3% year-over-year increase, while 2022 revenue totaled $176.8 million, up 11.5%. Gross margin improved to 31.6% in Q4 and 32.6% for the full year. The company added 3 new clients in Q4 and 21 clients throughout 2022. For 2023, AgileThought expects revenue of at least $201.6 million and gross margin between 33.5% and 34.5%. However, the company amended its financing agreements due to defaults, requiring significant principal repayments and restructuring covenants to stabilize its capital structure.
AgileThought, Inc. (NASDAQ: AGIL) will release its fourth quarter and full year 2022 financial results on March 9, 2023, after market close. A conference call will follow at 4:30 PM ET to discuss the results and provide business updates, with a session for Q&A. The call can be accessed via a live webcast or by phone. A replay will be available after the call until May 10, 2023. For more company information, visit AgileThought's website.
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