CI&T Reports Strong Sequential Revenue Growth in 2Q24 Results
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) ha riportato una forte crescita dei ricavi sequenziali nei risultati del 2Q24. I Ricavi Netti hanno raggiunto R$565,7 milioni, con un incremento dell'8,1% rispetto al 1Q24. Il Profitto Netto è cresciuto del 24,5% su base annua, arrivando a R$48,5 milioni. L'azienda ha ottenuto un EBITDA Rettificato di R$108,7 milioni, con un margine del 19,2%. Il Profitto Netto Rettificato è aumentato del 5,8% su base annua, raggiungendo R$65,4 milioni, con un margine dell'11,6%.
La forza lavoro di CI&T è aumentata a 6.235 dipendenti, registrando un incremento del 2,4% rispetto al trimestre precedente. Il CEO Cesar Gon ha evidenziato la capacità dell'azienda di guidare la crescita mantenendo una solida redditività. Ha anche notato il successo di CI&T Flow, la loro piattaforma alimentata da IA, che ha acquisito oltre 100 clienti dal suo lancio un anno fa.
CI&T (NYSE: CINT) informó un fuerte crecimiento secuencial de ingresos en sus resultados del 2Q24. Los Ingresos Netos alcanzaron R$565,7 millones, un aumento del 8,1% con respecto al 1Q24. La Utilidad Neta creció un 24,5% interanual, alcanzando R$48,5 millones. La compañía logró un EBITDA Ajustado de R$108,7 millones con un margen del 19,2%. La Utilidad Neta Ajustada aumentó un 5,8% interanual, alcanzando R$65,4 millones, con un margen del 11,6%.
La fuerza laboral de CI&T se expandió a 6,235 empleados, un aumento del 2,4% en comparación con el trimestre anterior. El CEO Cesar Gon destacó la capacidad de la empresa para impulsar el crecimiento mientras mantenía una sólida rentabilidad. También señaló el éxito de CI&T Flow, su plataforma impulsada por IA, que ha incorporado a más de 100 clientes desde su lanzamiento hace un año.
CI&T (NYSE: CINT)는 2Q24 실적에서 강력한 순수익 성장률을 보고했습니다. 순수익은 R$565.7 백만에 달했으며, 1Q24에 비해 8.1% 증가했습니다. 순이익은 전년 대비 24.5% 증가하여 R$48.5 백만에 이릅니다. 회사는 19.2%의 마진으로 R$108.7 백만의 조정된 EBITDA를 달성했습니다. 조정된 순이익은 전년 대비 5.8% 증가하여 R$65.4 백만에 이르며, 11.6%의 마진을 기록했습니다.
CI&T의 직원 수는 6,235명으로 증가했으며, 이전 분기 대비 2.4% 증가한 수치입니다. CEO 세자르 곤은 회사가 견고한 수익성을 유지하면서 성장을 추진할 수 있는 능력을 강조했습니다. 그는 또한 인공지능 기반 플랫폼인 CI&T Flow의 성공을 언급했으며, 이는 출시 1년 만에 100명 이상의 고객을 온보딩했습니다.
CI&T (NYSE : CINT) a annoncé une forte croissance séquentielle des revenus dans ses résultats du 2Q24. Les Revenus Nets ont atteint 565,7 millions R$, soit une augmentation de 8,1 % par rapport au 1Q24. Le Bénéfice Net a augmenté de 24,5 % d'une année sur l'autre, atteignant 48,5 millions R$. L'entreprise a réalisé un EBITDA Ajusté de 108,7 millions R$ avec une marge de 19,2 %. Le Bénéfice Net Ajusté a progressé de 5,8 % d'une année sur l'autre, pour atteindre 65,4 millions R$, avec une marge de 11,6 %.
La main-d'œuvre de CI&T s'est étendue à 6 235 employés, soit une augmentation de 2,4 % par rapport au trimestre précédent. Le PDG Cesar Gon a souligné la capacité de l'entreprise à générer de la croissance tout en maintenant une rentabilité solide. Il a également noté le succès de CI&T Flow, leur plateforme alimentée par l'IA, qui a intégré plus de 100 clients depuis son lancement il y a un an.
CI&T (NYSE: CINT) hat im 2Q24 starke sequenzielle Umsatzwachstumszahlen gemeldet. Der Nettoumsatz erreichte 565,7 Millionen R$, was einem Anstieg von 8,1 % im Vergleich zum 1Q24 entspricht. Der Nettogewinn stieg im Jahresvergleich um 24,5 % auf 48,5 Millionen R$. Das Unternehmen erzielte ein bereinigtes EBITDA von 108,7 Millionen R$ mit einer Marge von 19,2 %. Der bereinigte Nettogewinn stieg im Jahresvergleich um 5,8 % auf 65,4 Millionen R$, mit einer Marge von 11,6 %.
Die Mitarbeiterzahl von CI&T wuchs auf 6.235 Mitarbeiter, was einem Anstieg von 2,4 % im Vergleich zum vorherigen Quartal entspricht. CEO Cesar Gon hob die Fähigkeit des Unternehmens hervor, Wachstum zu fördern und gleichzeitig eine solide Rentabilität aufrechtzuerhalten. Er bemerkte auch den Erfolg von CI&T Flow, ihrer KI-unterstützten Plattform, die seit ihrer Einführung vor einem Jahr über 100 Kunden gewonnen hat.
- Net Revenue increased 8.1% quarter-over-quarter to R$565.7 million
- Net Profit grew 24.5% year-over-year to R$48.5 million
- Adjusted EBITDA reached R$108.7 million with a 19.2% margin
- Adjusted Net Profit increased 5.8% year-over-year to R$65.4 million
- Employee count grew 2.4% from the previous quarter to 6,235
- CI&T Flow platform onboarded over 100 clients since launch
- None.
Insights
CI&T's Q2 2024 results show strong sequential growth, with net revenue up
CI&T's strategic focus on AI, exemplified by their CI&T Flow platform, positions them well in the rapidly evolving tech landscape. With over 100 clients onboarded to this AI-powered platform within a year, they're demonstrating market traction in AI adoption. This aligns with the industry's shift towards AI-driven solutions and could be a significant growth driver. The company's ability to navigate the "hyper-productivity disruption" suggests they're effectively leveraging AI to enhance their service offerings. However, as AI technologies evolve rapidly, CI&T must continue innovating to maintain their competitive edge. The planned team expansion for global AI initiatives indicates a commitment to this strategy, but execution will be key to capitalizing on the AI opportunity.
CI&T's performance should be viewed in the context of the global IT services market. The
Second quarter of 2024 (2Q24) highlights
-
Net Revenue was
R compared to$565.7 million R in 1Q24, a sequential growth of$523.5 million 8.1% quarter-over-quarter. -
Net Profit grew
24.5% toR in 2Q24 from$48.5 million R in 2Q23.$39.0 million -
Adjusted EBITDA of
R and Adjusted EBITDA margin of$108.7 million 19.2% . -
Adjusted Net Profit was
R compared to$65.4 million R in 2Q23, an increase of$61.8 million 5.8% . The Adjusted Net Profit margin was11.6% . -
CI&T ended 2Q24 with 6,235 employees,
2.4% higher than 1Q24.
Cesar Gon, founder and CEO of CI&T, commented, "In 2Q24, we achieved an impressive net revenue growth of
A year ago, we proudly launched CI&T Flow, our end-to-end AI-powered platform, initiating a transformative journey for CI&T. With over 100 clients onboarded, we are effectively navigating the hyper-productivity disruption. As we resume our growth trajectory, we are expanding our team to accelerate AI initiatives across the globe."
The full 2Q24 Earnings Release can be accessed here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240815171428/en/
Investor Relations Contact:
Eduardo Galvão
investors@ciandt.com
Media Relations Contact:
Zella Panossian
ciandt@illumepr.com
Source: CI&T Inc.
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