TaskUs, Inc. - TASK STOCK NEWS

TaskUs, Inc. (Nasdaq: TASK) will announce its first quarter 2023 financial results on May 8, 2023, after market close. The company's management will hold a conference call at 5:00 p.m. ET to discuss these results. Interested investors can access the call via toll-free and international dial-in numbers: 877-407-2988 or +1 201-389-0923, respectively. A live webcast will also be available on TaskUs's Investor Relations website, with a replay accessible for 90 days following the event. TaskUs specializes in outsourced digital services and next-generation customer experience across various industries, including e-commerce, gaming, and FinTech, employing approximately 49,500 people worldwide as of December 31, 2022.

TaskUs, Inc. (NASDAQ: TASK) has been recognized as a Leader and Star Performer in the Everest Group’s Trust and Safety Services PEAK Matrix® Assessment 2023. This acknowledgment highlights TaskUs' rapid growth and excellence in delivering Trust and Safety services, having previously earned the Major Contender status in 2021 and 2022. The evaluation analyzed 25 providers based on service quality, innovation, and delivery capabilities, firmly placing TaskUs among the top six Leaders.

Key differentiators for TaskUs include its hybrid Safety Operations Center combining AI and human moderation, and its emphasis on employee well-being with wellness programs for moderators. Notably, TaskUs has expanded its offerings through the acquisition of heloo, enhancing support for European language clients. This recognition reflects strong client trust and a strategic focus on Trust and Safety as critical to business operations.

On March 3, 2023, TaskUs (Nasdaq: TASK) announced that CEO Bryce Maddock will participate in the Morgan Stanley Technology, Media & Telecom Conference. The event is set for March 7, 2023, at the Palace Hotel in San Francisco, with a fireside chat scheduled from 5:40 PM to 6:10 PM ET. Interested parties can access the conversation via live audio webcast on the TaskUs investor relations website. TaskUs specializes in outsourced digital services and next-gen customer experience, serving sectors like social media, ecommerce, and fintech, with a global workforce of approximately 49,500 across 27 locations worldwide.

TaskUs (Nasdaq: TASK) reported a strong fiscal year 2022, with total revenue of $960.5 million, achieving a year-over-year growth of 26.3%. The fourth quarter revenue reached $242.2 million, up 6.8% year-over-year. Net income for the year was $40.4 million, with a GAAP net income margin of 4.2%. The company generated $147.1 million in operating cash flow and $103.3 million in free cash flow. Looking ahead, TaskUs forecasts 2023 revenue between $940 million and $990 million, a modest growth of approximately 0.5% at midpoint.

TaskUs (NASDAQ: TASK) has announced its commitment to a new partnership with Watershed and Ever.green, aimed at launching the first fixed-price virtual power purchase agreement (VPPA) for a solar plant in Laredo, Texas. This initiative allows TaskUs and its customers to finance clean energy, significantly reducing carbon emissions by an estimated 13,000 tons of CO2 annually, comparable to removing almost 3,000 gas-powered cars from the road. The VPPA will enable TaskUs to stabilize energy costs while supporting its long-term environmental goals as part of its broader ESG commitments.

TaskUs, Inc. (Nasdaq: TASK) plans to release its fourth quarter and full year 2022 financial results on February 27, 2023, after market close. A conference call will follow at 5:00 p.m. ET, providing insights into the company’s performance and future outlook.

Investors can access the live call through toll-free numbers or a webcast. The archived presentation will be available for 90 days post-event. TaskUs offers outsourced digital services to technology sectors, employing approximately 48,700 staff across 28 locations in 14 countries.

TaskUs, a leader in digital customer experience and AI outsourcing, was recognized by Frost & Sullivan as a top participant in its 2022 report on North American Customer Experience Outsourcing Services. The company excelled in both growth and innovation indices, achieving the highest revenue growth rate in 2021. TaskUs's innovative approach combines content moderation and AI technology, significantly increasing its market share. The company has committed to a people-first culture and continuous innovation, further solidifying its industry position.

TaskUs has announced a strategic partnership with L1ght, investing up to $2 million in the AI company focused on anti-toxicity. This partnership will enhance TaskUs’s Safety Operations Center, which integrates AI and human moderators to effectively moderate online content across various platforms. The service aims to address the rising challenges of content moderation in today's digital landscape. By combining AI capabilities with expert moderation, TaskUs seeks to provide cost-effective solutions for managing harmful online content.