CI&T Inc - CINT STOCK NEWS

CI&T (NYSE: CINT) reported strong sequential revenue growth in its 2Q24 results. Net Revenue reached R$565.7 million, an 8.1% increase from 1Q24. Net Profit grew 24.5% year-over-year to R$48.5 million. The company achieved an Adjusted EBITDA of R$108.7 million with a 19.2% margin. Adjusted Net Profit increased 5.8% year-over-year to R$65.4 million, with an 11.6% margin.

CI&T's workforce expanded to 6,235 employees, a 2.4% increase from the previous quarter. CEO Cesar Gon highlighted the company's ability to drive growth while maintaining solid profitability. He also noted the success of CI&T Flow, their AI-powered platform, which has onboarded over 100 clients since its launch a year ago.

CI&T (NYSE:CINT), a global technology transformation specialist, has unveiled a new brand identity to reflect its leadership in AI and digital transformation. The company introduced a new logo, tagline, and visual identity to mark a new era in its nearly 30-year journey. The new tagline, 'Navigate Change', emphasizes CI&T's commitment to helping customers thrive in a rapidly evolving technological landscape.

This rebranding aligns with CI&T's recent milestones, including its successful IPO on the NYSE, the acquisition of five companies, and the growing adoption of its proprietary AI platform, CI&T FLOW. The company aims to solidify its position as a leader in digital transformation and a catalyst for future technological advancements.

CI&T (NYSE: CINT), a leader in AI-powered digital transformation, has been recognized in the 2024 Gartner Peer Insights Voice of the Customer for Custom Software Development Services, Worldwide. The company received a 4.8 out of 5 customer rating, with 100% of customers willing to recommend CI&T based on 22 reviews as of May 31, 2024. CI&T was acknowledged as a Strong Performer, receiving high marks for overall experience, product capabilities, and service and support.

This recognition follows CI&T's inclusion in Gartner's 2023 Magic Quadrant for Custom Software Development Services, Worldwide. Customer reviews highlight CI&T's strategic partnership capabilities, leveraging GenAI for software engineering, and exceptional customer management throughout the project lifecycle.

CI&T (NYSE: CINT), a digital transformation company, has announced it will release its Q2 2024 financial results on August 16, 2024, before the market opens. The company's senior management will host a video conference call on the same day at 08:00 a.m. Eastern Time / 09:00 a.m. BRT to discuss the financial and operating results. Investors can access the call through CI&T's Investor Relations website or via a provided YouTube link. This announcement sets the stage for CI&T to share its latest financial performance and operational updates with shareholders and analysts.

CI&T (NYSE: CINT) announced 1Q24 results, reporting net revenue of R$523.5 million, a 0.2% sequential growth from 4Q23 but a 14.2% decline year-over-year from 1Q23. Net profit decreased to R$22.4 million, down from R$43.6 million in the previous year. Adjusted EBITDA was R$84.3 million, with a margin of 16.1%. The company recorded an adjusted net profit of R$41.7 million, down 33.1% year-over-year. CI&T ended the quarter with 6,083 employees. CEO Cesar Gon highlighted AI integration and guided for a sequential revenue increase of at least 3.5% in 2Q24, aiming for a resurgent growth period. The cost of services provided decreased by 12.7%, while SG&A expenses fell by 2.1%. The company also reported an 11.8% rise in cash generated from operating activities.

CI&T (NYSE: CINT), a leading provider of digital transformation services, will announce its first quarter 2024 financial results on May 22, 2024, before market open.

Following the release, the senior management team will hold a video conference call at 08:00 a.m. Eastern Time to discuss the results.

The call will be accessible via the company's Investor Relations website or directly through a YouTube link.

CI&T, a global leader in AI-powered digital transformation, has been recognized as a Major Contender in Everest Group's Application Transformation Services PEAK Matrix® for 2024 in North America and Europe. Leveraging AI and strategic cloud partnerships, CI&T empowers enterprises to innovate, stay competitive, and mitigate risk. The company's expertise in app modernization and commitment to delivering tailored solutions for clients have solidified its position as a trusted partner in the industry.

CI&T Inc (NYSE: CINT) files its annual report on Form 20-F for the fiscal year 2023 with the SEC, available on their website and SEC's site. Shareholders can request a hard copy of audited financial statements.

CI&T (NYSE: CINT) receives recognition from Everest Group in two global reports for 2024, positioning as a Major Contender in CPG IT Services and an Aspirant in Retail IT Services. The accolades highlight CI&T's growth, success, and commitment to innovation in the Retail/CPG sector.