CI&T Inc - CINT STOCK NEWS

CI&T (NYSE: CINT) reported significant financial results for 4Q22 and the full year 2022, highlighting a net revenue increase of 33.9% in 4Q22, totaling R$611.8 million, and a full-year net revenue growth of 51.5%, amounting to R$2,187.7 million. The company achieved an adjusted net profit of R$54.5 million in 4Q22, reflecting a 4.3% increase year-over-year. Full-year adjusted net profit reached R$213.6 million, up 30.2% from 2021. Despite strong revenue growth, 4Q22 net profit fell to R$30.1 million from R$43.8 million in 4Q21, amid rising SG&A expenses and financial costs. Looking ahead, CI&T expects 20% revenue growth in Q1 2023.

CI&T (NYSE: CINT) will announce its fourth quarter 2022 financial results on March 8, 2023, before market opening. The announcement will be followed by a video conference call at 08:00 AM EST to discuss key financial and operational insights. CI&T specializes in digital transformation, offering strategy, design, and software engineering services to over 100 major enterprises. The company has a 28-year history in delivering scalable digital solutions globally, recognized as a leader in modern application development.

CI&T (NYSE:CINT) is set to host the Impact Tomorrow event at SXSW 2023 on March 14 in Austin. The programming features speakers from prominent companies including Albertsons, Anheuser-Busch InBev, and Morgan Stanley, focusing on digital efficiency and innovation. Key discussions will include customer experience strategies, electric vehicle adoption, and cultural trends. This event aims to equip businesses with actionable insights amidst rapid changes in the industry. Attendees can also enjoy networking opportunities in the dedicated lounge area.

CI&T (NYSE:CINT) has achieved Microsoft Solutions Partner status for two critical designations: Data & AI (Azure) and Digital & App Innovation (Azure). This recognition highlights CI&T's proficiency in delivering Microsoft cloud solutions and its commitment to enhancing customer success through effective cloud migration strategies. With over a decade of partnership with Microsoft and more than 120 certified professionals, CI&T aims to leverage this new status to expand its reach and improve digital solutions for global clients. The company's robust experience spans 28 years, serving over 100 enterprises and improving operational efficiency across various sectors.

CI&T (NYSE:CINT) and Box1824 have published a study identifying key drivers and trends affecting digital, economic, labor, and sustainability sectors over the next five years. The study emphasizes the importance of understanding customer needs, adapting workplace cultures, and prioritizing environmental sustainability in business strategies. Key trends include the need for respectful consumer communication, innovative working methods, interconnected environmental considerations, and promoting health through biotechnology. These insights aim to enhance client impact in the digital transformation era and guide companies in navigating future challenges.

CI&T (NYSE:CINT) has unveiled its Connected Retail Report 2023, highlighting consumers' increasing demand for seamless shopping experiences across digital and physical channels. The report indicates that shoppers are evenly split between online (48%) and offline (52%) purchases, with 86% expecting similar service standards in both environments. Key insights reveal that delivery is preferred over curbside pickup, and personalization in retail is crucial, with 59% of consumers keen on personalized shopping experiences. Notable retailers recognized for their effective strategies include Apple, Best Buy, and IKEA.

CI&T has partnered with Crownpeak to develop a new Retail Experience Platform, which will be showcased at NRF 2023: Retail's Big Show from January 15-17 in New York. This platform utilizes composable commerce architecture to enhance retail and e-commerce customer experiences, enabling brands to efficiently optimize conversions and revenue. The collaboration aims to address the need for a digitized store experience, especially post-pandemic. Crownpeak recently acquired Attraqt, further enhancing its capabilities in delivering content-driven commerce.

CI&T (NYSE:CINT) has achieved the status of an Amazon Web Services (AWS) Advanced Tier Services Partner. This designation recognizes CI&T for its extensive expertise, with over 160 AWS certifications, and its successful delivery of digital solutions across various sectors, including finance and life sciences. The company's Head of Strategic Alliances, Felipe Demetrio de Souza, emphasized that this accomplishment reflects the team's dedication and AWS's confidence in their capabilities. CI&T continues to focus on cloud modernization and enhancing client responses to market needs.