TaskUs, Inc. - TASK STOCK NEWS

TaskUs, Inc. (Nasdaq: TASK) reported Q3 2022 revenues at $232.1 million, achieving a 15.5% year-over-year increase. GAAP net income was $5.4 million with a margin of 2.3%, while non-GAAP Adjusted Net Income stood at $35.8 million, reflecting a 15.4% margin. The company raised its full-year revenue outlook to $949 million - $951 million, indicating a 24.9% growth rate. TaskUs also initiated a $100 million share repurchase program, signaling confidence in long-term value creation.

TaskUs, Inc (Nasdaq: TASK) will report its third quarter 2022 financial results on November 7, 2022, after market close. A conference call and webcast will follow at 5:00 p.m. ET to discuss the company's performance and business results. Interested parties can access the call via toll-free numbers or through a live webcast on the company’s Investor Relations website. TaskUs specializes in providing outsourced digital services and next-generation customer experiences for rapidly growing technology companies, with around 45,300 employees across 13 countries.

TaskUs (NASDAQ: TASK) announced the opening of its fourth site in Navi Mumbai, India, to support its rapidly growing operations in the region. This new facility is strategically located near major cities like Mumbai and Pune, providing access to a skilled workforce. The 115,000-square-foot site will accommodate 1,100 employees and aims to foster a people-first culture. TaskUs, known for its innovative workplace and employee benefits, has received multiple awards for its workplace culture and diversity initiatives. The facility is expected to open early next year.

TaskUs, Inc. (Nasdaq: TASK) has been recognized as a Major Contender in Everest Group's Customer Experience Management (CXM) assessment for 2022. The company excelled in Market Impact and Vision & Capability dimensions, outperforming larger competitors. TaskUs is noted for its digital-first approach and a global workforce of 45,300 employees. This recognition underscores TaskUs's commitment to enhancing customer experience services, reflecting its growth and innovation in the fast-evolving tech landscape.

TaskUs, Inc. (Nasdaq: TASK) announced a $100 million share repurchase program, enhancing its commitment to shareholder value. The Board of Directors emphasized confidence in the company's growth strategy, considering the current valuation an attractive buying opportunity. TaskUs plans to execute buybacks through open market purchases or negotiated transactions, with the program set to terminate on December 31, 2024. Strong cash generation and a solid balance sheet position TaskUs to invest in growth while returning capital to shareholders.

TaskUs, a leader in outsourced digital services, announced that its Co-Founder and CEO, Bryce Maddock, along with Chief Customer Officer, Jarrod Johnson, will participate in the Citi 2022 Global Technology Conference. This event is scheduled for September 7, 2022, from 1:45 PM to 2:25 PM ET. The fireside chat will be accessible via a live audio webcast on the TaskUs investor relations website. TaskUs operates with approximately 45,300 employees across 26 locations globally, supporting sectors like social media, e-commerce, and gaming.

TaskUs, Inc. (NASDAQ: TASK) has been recognized as a Major Contender in Everest Group's 2022 Financial Crime and Compliance Operations PEAK Matrix Assessment. The company excelled in the dimensions of Market Impact and Vision & Capability, outperforming established competitors. Previously named the Fastest Growing BPS company in 2022, TaskUs continues to innovate in digital services, especially through its Risk + Response service line, which addresses client needs related to fraud and financial crimes. This recognition marks TaskUs' third accolade from Everest Group this year.

TaskUs, Inc. (Nasdaq: TASK) reported a 36.9% year-over-year revenue growth for Q2 2022, totaling $246.5 million. GAAP net income rose to $7.7 million with a margin of 3.1%, while non-GAAP Adjusted Net Income reached $38.7 million, a 23.5% increase. Adjusted EBITDA was reported at $55.7 million, reflecting a margin of 22.6%. The company expects full-year revenues between $930 million and $950 million, projecting a growth of 23.6% at the midpoint. TaskUs completed the acquisition of heloo, enhancing its service capabilities.