CI&T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results

Rhea-AI Summary

CI&T (NYSE: CINT) reported strong financial results for Q4 2024, with record net revenue of R$656.5 million, representing a 25.6% increase (14.7% at constant currency) compared to Q4 2023. The company demonstrated significant profitability improvements with net profit surging 169% to R$61.7 million.

Key Q4 2024 metrics include:

• Adjusted EBITDA rose 23.7% to R$128.1 million with a 19.5% margin
• Adjusted net profit increased 41.3% to R$78.2 million with an 11.9% margin

For full-year 2024:

• Net revenue grew 6.0% to R$2,367.8 million
• Net profit increased 21.6% to R$161.2 million
• Operating cash flow improved 12.7% to R$467.0 million
• Employee headcount grew 13.0% to 6,907

Positive

• Record quarterly revenue of R$656.5 million in Q4 2024
• 169% increase in Q4 net profit to R$61.7 million
• 23.7% growth in Q4 adjusted EBITDA to R$128.1 million
• 41.3% increase in Q4 adjusted net profit
• 12.7% improvement in operating cash flow to R$467.0 million
• 13% growth in employee headcount

Negative

• Full-year constant currency revenue growth to 1.3%
• Slight decline in full-year adjusted EBITDA margin to 18.7%

Insights

Financial Analyst

CI&T delivered exceptional Q4 2024 results, demonstrating significant business acceleration with record net revenue of R$656.5 million, up 25.6% year-over-year. The bottom-line performance was even more striking, with net profit surging 169% to R$61.7 million and adjusted EBITDA growing 23.7% with a robust 19.5% margin.

What's particularly notable is the stark contrast between Q4's outstanding performance and the more moderate full-year results (6.0% revenue growth, 1.3% at constant currency). This acceleration suggests CI&T has reached an inflection point in its growth trajectory, likely driven by their strategic investments in AI capabilities and new sales initiatives mentioned by the CEO.

The company's operational efficiency is evident in their profit metrics outpacing revenue growth, with adjusted net profit increasing 41.3% in Q4 and operating cash flow growing 12.7% for the full year. This indicates high-quality earnings and effective cost management despite a 13% expansion in their workforce.

While currency factors contributed to nominal revenue growth, the 14.7% constant currency growth in Q4 represents genuine business momentum. As CI&T approaches its 30th anniversary, this growth acceleration positions the company well for 2025, with their technology transformation services gaining traction in a market increasingly focused on AI-driven solutions.

NEW YORK--(BUSINESS WIRE)-- CI&T (NYSE: CINT, “Company”), a global technology transformation specialist and fast-growing public company, today announces its results for the fourth quarter of 2024 (4Q24) and the full-year ended on December 31, 2024 (2024) in accordance with International Financial Reporting Standards (IFRS), as issued by the IASB.

Fourth quarter of 2024 (4Q24) highlights

• Record Net Revenue of R$656.5 million, a 25.6% increase compared to 4Q23.
• Net Revenue growth at constant currency was 14.7% compared to 4Q23.
• Net Profit increased by 169%, reaching R$61.7 million in 4Q24, up from R$22.9 million in 4Q23.
• Adjusted EBITDA increased by 23.7% to R$128.1 million in 4Q24 compared to R$103.6 million in 4Q23. The Adjusted EBITDA margin was 19.5%.
• Adjusted Net Profit increased by 41.3% to R$78.2 million in 4Q24, up from R$55.3 million in 4Q23. The Adjusted Net Profit margin was 11.9%.

Full-year ended on December 31, 2024 (2024) highlights

• Net Revenue totaled R$2,367.8 million in 2024, a 6.0% increase compared to 2023.
• Net Revenue growth at constant currency was 1.3% year-over-year.
• Net Profit increased by 21.6%, reaching R$161.2 million in 2024, up from R$132.6 million in 2023.
• Adjusted EBITDA increased by 2.4% to R$442.4 million in 2024, compared to R$432.1 million in 2023. The Adjusted EBITDA margin was 18.7%.
• Adjusted Net Profit increased by 8.9% to R$241.9 million in 2024, up from R$222.1 million in 2023. The Adjusted Net Profit margin was 10.2%.
• Cash generated from operating activities increased by 12.7%, reaching R$467.0 million in 2024, up from R$414.3 million in 2023.
• CI&T ended 2024 with 6,907 employees, a 13.0% increase compared to 2023.

Cesar Gon, founder and CEO of CI&T, commented, “Our 4Q24 performance reflects our commitment to delivering transformative value. Our net revenue grew 25.6% (14.7% at constant currency) compared to 4Q23, driven by strategic investments, new sales initiatives, and a focus on organic growth and AI. This robust growth underscores the resilient and powerful nature of our business model, while maintaining a solid bottom line and strong cash generation. As CI&T approaches its 30th anniversary in 2025, we remain dedicated to sustainable, long-term value creation, fueled by innovation and excellence in technology transformation.”

The full 4Q24 Earnings Release can be accessed here.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250312232838/en/

Investor Relations Contact:

Eduardo Galvão

investors@ciandt.com

Media Relations Contact:

Zella Panossian

ciandt@illumepr.com

Source: CI&T Inc.

FAQ

What was CI&T's (CINT) revenue growth rate in Q4 2024?

CI&T's revenue grew 25.6% year-over-year, or 14.7% at constant currency, reaching R$656.5 million in Q4 2024.

How much did CI&T's (CINT) net profit increase in Q4 2024?

Net profit increased by 169% to R$61.7 million in Q4 2024, compared to R$22.9 million in Q4 2023.

What was CI&T's (CINT) adjusted EBITDA margin in Q4 2024?

CI&T's adjusted EBITDA margin was 19.5% in Q4 2024, with adjusted EBITDA reaching R$128.1 million.

How many employees did CI&T (CINT) have at the end of 2024?

CI&T ended 2024 with 6,907 employees, representing a 13.0% increase compared to 2023.

What was CI&T's (CINT) operating cash flow in 2024?

Cash generated from operating activities increased by 12.7% to R$467.0 million in 2024.