TELUS International (Cda) Inc. Subordinate Voting Shares - TIXT STOCK NEWS

TELUS International conducted a survey revealing that 81% of American employees feel bots have improved their work situation since the pandemic. The survey indicates that 90% expect bots to be integral in transitioning to permanent hybrid work models. Key tasks automated include IT troubleshooting (57%) and data entry (45%). Moreover, 88% of respondents are comfortable with bot integration. However, 34% noted a lack of training from employers on working with bots. TELUS International has launched Intelligent Insights to help companies manage robotic process automation effectively.

TELUS International (NYSE: TIXT) will release its Q3 2021 results on November 5, 2021, before North American market hours. A conference call will follow at 10:30 a.m. (ET) with management reviewing the results and answering analyst questions. The call will be available via a live webcast on their Investor Relations website, with a replay accessible afterward. TELUS International specializes in next-generation digital solutions that enhance customer experience across various industries, driving digital transformation for global brands.

TELUS International (NYSE: TIXT) has successfully closed an upsized secondary offering of 14.4 million subordinate voting shares at US$34.00 each, led by certain shareholders including Baring Private Equity Asia. The underwriters exercised their option for an additional 2.16 million shares. No proceeds from the sale were received by TELUS International, as the shares sold were from the existing shareholders. Post-offering, TELUS Corporation and Baring Private Equity Asia hold approximately 70.9% and 25.9% of the voting power, respectively.

TELUS International has announced the pricing of an upsized secondary public offering of 14,400,000 subordinate voting shares at US$34.00 each, led by certain shareholders, including Baring Private Equity Asia. The offering increased from a previously planned 12,000,000 shares. TELUS International will not sell any shares or receive proceeds from this offering, which is set to close on September 28, 2021. Additionally, an option for underwriters to purchase an additional 2,160,000 shares is available. The offering's details will be available in a prospectus filed with relevant securities authorities.

TELUS International has announced a proposed underwritten public secondary offering of 12,000,000 subordinate voting shares, primarily by certain shareholders, including Baring Private Equity Asia. An option to purchase an additional 1,800,000 shares is also available. TELUS International will not sell shares or receive proceeds from this offering, which is subject to market conditions. Joint lead managers include J.P. Morgan, Barclays, CIBC, and Credit Suisse. The registration statement is pending effectiveness and the offering is not an offer to sell securities prior to registration.

TELUS International (NYSE:TIXT) has announced the opening of a new digital customer experience delivery center in North Charleston, enhancing its capacity to support global brands. The facility will create approximately 1,200 jobs by 2022, in addition to hiring 600 team members by the end of 2021. The site covers 80,000 square feet and features modern amenities for employees. TELUS International also donated $10,000 to support local educators. The company aims to continue its growth and positive momentum with double-digit organic growth reported in the second quarter.

TELUS International (TIXT) reported strong Q2 2021 results, achieving 36% revenue growth to $533 million, driven by a 20% organic growth from existing clients and new acquisitions. Adjusted EBITDA rose 56% to $131 million, with adjusted diluted EPS up 100% year-over-year at $0.24. Free cash flow reached $71 million, showcasing operational strength. Despite these positives, net income fell to $16 million, down from $43 million in Q2 2020. The company raised its 2021 revenue outlook, predicting between $2.170 billion and $2.210 billion, reflecting continued business momentum.

TELUS International (NYSE and TSX: TIXT) has launched Intelligent Insights, a platform designed for managing robotic process automation (RPA) solutions. This tool enables businesses to oversee their digital operations on a single platform, offering cost-saving opportunities and innovation insights. During its pilot, Intelligent Insights helped a telecom company save $24 million and 800,000 hours across over 12 million transactions. IDC forecasts the intelligent process automation market to grow to $28.5 billion in 2023, with a significant adoption expected across organizations.