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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 reported a 7.4% year-over-year revenue increase to $43.4 million for Q3 2022, despite a sequential decline of 6.0% from Q2 2022. Gross margin improved significantly to 34.3%, up 770 bps YOY. The company added 6 new clients and opened two offices in Latin America to enhance talent acquisition. Their 2022 outlook anticipates revenues of at least $42.2 million in Q4 and $176.0 million for the year, achieving a minimum of 10.9% growth, with gross margins projected between 31.5% and 32.5%.
AgileThought, Inc. (Nasdaq: AGIL) has announced the opening of a new office in Buenos Aires, Argentina, as part of its international expansion strategy. This office aims to tap into Argentina's diverse talent pool and support the growing local employee base. The appointment of Gonzalo Mones Cazon as Chief People Officer highlights the company's focus on enhancing hiring capabilities and creating development opportunities. This office is AgileThought's fifth Delivery Center, complementing existing centers in the US and Latin America, and reflects the increasing demand for its Digital Transformation Services.
AgileThought, Inc. (NASDAQ: AGIL) will release its third quarter 2022 financial results on November 10, 2022, post-market close. Following the announcement, a conference call is scheduled for 4:30 PM ET to review results and provide a business update. Investors can access the call through a live webcast or by dialing in. A replay will be available for those who miss the live session. AgileThought offers digital transformation services to Fortune 1000 companies, focusing on agile-first software solutions that enhance business value.
AgileThought, a digital transformation service provider, has officially opened a new office in Merida, Mexico, aimed at enhancing collaboration among employees and clients. This new office, located in the business district, features an open floor plan designed for teamwork and innovation. Alejandro Manzocchi, CTO, emphasized the importance of in-person collaboration, while Manuel Senderos highlighted the addition of Merida as the 4th Delivery Center, joining locations in Mexico City, Tampa, and São Paulo. A celebration marked the opening on October 27, 2022.
AgileThought has launched a new Market Unit focusing on the Technology, Media, and Telecom sectors in the US West region. This decision capitalizes on a $5.1 trillion market, aiming to enhance digital transformation for clients. Santiago Noziglia has been appointed as SVP and General Manager, bringing over 15 years of industry experience. The new unit is structured to provide tailored services, helping clients accelerate their digital innovations and maintain market relevance.
AgileThought reported strong second-quarter results for 2022, achieving a revenue increase of 18.6% year-over-year to $46.2 million and a gross margin of 33.3%, up from 31.1% a year earlier. The company added 3 new clients and reported a Last Twelve Months Total Contract Value of $239.0 million, with a Book to Bill ratio of 1.4x. AgileThought aims for at least $42.1 million in Q3 revenue and $174.7 million for the full year 2022, expecting a 10% growth. A leadership update includes the appointment of Chief People Officer Gonzalo Mones to enhance talent management.
AgileThought, Inc. (NASDAQ: AGIL) will release its Q2 2022 financial results on August 11, 2022, after market close. Management will conduct a conference call at 4:30 PM ET to discuss the results and provide a business update, followed by a Q&A session. Interested participants can pre-register for the call. The call will also be available via a live webcast.
AgileThought (AGIL) announced a strategic partnership with ExperienceIT to enhance digital transformation services. This collaboration aims to expedite the delivery of digital solutions, leveraging both companies' strengths in agile methodologies and market expertise. AgileThought will benefit from ExperienceIT's capabilities in healthcare and life sciences, while EIT can harness AgileThought's global talent for scaling delivery teams. This partnership reflects a commitment to providing effective and innovative solutions that meet enterprise needs.
AgileThought has appointed Gonzalo Mones Cazon as Chief People Officer, effective July 4, 2022. Mones brings over 15 years of experience in IT services and was previously Head of People at Wildlife Studios. His expertise includes global talent management and strategic culture development, which aligns with AgileThought's vision to enhance its talent lifecycle and foster a cohesive culture. This strategic move is aimed at accelerating growth and maintaining leadership in the digital services market while optimizing the experience for employees and clients alike.
AgileThought, a provider of digital transformation services, has launched a new delivery model to enhance enterprise agility. This model features eight specialized 'Guilds' that focus on areas such as Data & AI and Cybersecurity, enabling faster innovation and improved client solutions. The initiative is designed to foster high-growth career paths for employees while addressing the rapid shifts in the digital market. The company plans to celebrate this launch at the Nasdaq closing bell on June 10, 2022, positioning itself as a key player in digital transformation for Fortune 1000 companies.
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