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Thoughtworks Holding, Inc. (symbol: TWKS) is a global technology consultancy focused on revolutionizing the design, creation, and delivery of software while advocating for positive social change. The company works with a diverse range of clients, from commercial entities to social and governmental organizations, who have ambitious missions that require innovative solutions.
Thoughtworks sets up smart, dedicated teams that thrive on challenges and think disruptively to help clients succeed. The company’s agile development tools are designed to help clients continuously improve and deliver high-quality software. Thoughtworks is committed to industry improvement and often shares its learnings through books, blogs, events, and conferences, as well as by championing open source initiatives.
The company operates across several global service lines, including Enterprise Modernization, Platforms and Cloud; Customer Experience, Product and Design; Data and Artificial Intelligence (AI); and Digital Transformation and Operations. Thoughtworks derives the majority of its revenue from North America but also has a significant presence in APAC, Europe, and LATAM.
Thoughtworks is a strong believer in the power of software and technology as tools for social change. Through its social impact program, the company collaborates with organizations that have humanitarian missions and broad reach, helping them leverage technology to drive their impact. Learn more by visiting Thoughtworks.
Thoughtworks (NASDAQ: TWKS) announces its acquisition of Canadian-based Connected, enhancing its capabilities in customer experience and product development. Founded in 2014, Connected specializes in product development and has over 165 employees in Toronto. The acquisition strengthens Thoughtworks' presence in the fast-growing Canadian tech market and improves its product-led design processes. Financial details remain undisclosed, but this strategic move is expected to drive revenue growth and bolster market position.
Thoughtworks (NASDAQ: TWKS) announces its expansion into Vietnam, aiming to create new jobs and develop local talent in areas like digital transformation and artificial intelligence. This strategic move is part of Thoughtworks’ broader goal to geographically diversify and meet rising client demand in Southeast Asia and Australia. The new office will open in Ho Chi Minh City by mid-2022, enhancing collaboration and service offerings in the Asia Pacific region.
Thoughtworks (TWKS) will announce its financial results for Q1 2022 on May 9, 2022, before the market opens. A conference call and webcast will follow at 8:00 a.m. ET on the same day. Investors can join the call via the provided toll-free numbers or through the online webcast. A replay of the call will be available shortly after, with archived webcasts accessible via the investor relations section of the Thoughtworks website.
Stay updated on Thoughtworks by visiting their website and following them on social media.
Thoughtworks (NASDAQ: TWKS) has released Volume 26 of its Technology Radar, a report focused on digital innovation and security in software supply chains. This edition emphasizes practical security measures for businesses following a rise in serious cyber breaches. Key themes include innovations in software supply chains, the evolving economics of open-source software, and the importance of data catalogs. The report highlights the growing necessity for organizations to adopt responsible engineering practices and validate software dependencies to enhance overall security.
Thoughtworks (NASDAQ: TWKS) partners with Siam Makro, a leading wholesale retailer in Thailand, to enhance its B2B sales infrastructure. This collaboration aims to create an insights-driven intelligence platform that prioritizes data automation, analytics, and customer-focused transformation. The initiative will implement data mesh principles to boost real-time decision-making and operational efficiency. Both companies expect this partnership to drive greater innovation and growth in the retail sector, responding effectively to evolving customer engagement needs.
Thoughtworks reported annual revenues exceeding $1 billion, with a 39.0% revenue growth in Q4 2021 and 33.2% for the full year, totaling $1,069.9 million. Despite revenue growth, the company posted a net loss of $(35.1) million for Q4, significantly worse than the prior year's profit. Stock-based compensation rose sharply to $74.5 million in Q4, impacting margins. For 2022, the company expects revenue growth of 25%-26% year-over-year, with Q1 revenue forecasted between $303-305 million.
Thoughtworks (TWKS) has announced that it will report its financial results for the fourth quarter and full year 2021 on March 1, 2022, before market opening. A conference call is scheduled for the same day at 8:00 a.m. ET, where details regarding earnings, revenue, and outlook will be discussed. Investors can access the call through specified dialing options or via a webcast available on their investor relations page. The company emphasizes its commitment to transparency through various communication channels.
Thoughtworks (NASDAQ: TWKS) has announced an expansion of its strategic collaboration with Storable, a leading self-storage technology provider. This partnership aims to enhance self-storage operations by leveraging Thoughtworks' expertise in digital product development, architecture, and technology. The collaborative efforts will focus on creating a scalable technology platform and optimizing engineering practices such as DevOps and CI/CD. Storable's CEO, Chuck Gordon, expressed enthusiasm for this partnership, highlighting its potential to drive efficiency and innovation in the self-storage industry.
Thoughtworks (TWKS) will announce its fourth quarter and full year 2021 financial results on March 1, 2022, before market open. A conference call will follow at 8:00 a.m. ET, accessible via toll-free numbers in the USA and Canada. Investors can also join through an international dial-in. The call's Conference ID is 3394017. A replay will be available three hours post-call for seven days, alongside an archived webcast on Thoughtworks' investor relations site.
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