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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) has partnered with Standard Chartered to develop a cloud-based digital banking platform aimed at enhancing services for retail and wealth customers globally. This multi-year collaboration will leverage Thoughtworks' digital innovation expertise and Standard Chartered’s banking experience to create a future-ready infrastructure. The partnership underscores the growing need for banks to provide seamless digital services to elevate customer banking experiences.
Thoughtworks (NASDAQ: TWKS) has signed a multi-year agreement with John Deere, aiming to build a scalable technology architecture that enhances digital services for customers and dealers. The collaboration will focus on creating microservices and analytics solutions guided by DevOps principles to refine the customer journey. CEO Chris Murphy emphasizes the need for companies to adapt to evolving customer expectations.
This partnership marks a significant effort to innovate digital experiences in the agriculture and construction sectors.
Thoughtworks (NASDAQ: TWKS) has released its annual report, Looking Glass, highlighting technology-driven shifts impacting businesses in 2022 and beyond. The report emphasizes the convergence of physical and digital worlds, the rising importance of AI and machine learning, the necessity for sustainability, the evolving definition of 'hostile tech', and the strategic significance of platform building. Thoughtworks aims to help companies navigate these shifts to enhance competitiveness and ethical technology usage.
Thoughtworks (NASDAQ: TWKS) is set to eliminate 2,000 tons of greenhouse gases at AWS re:Invent through a partnership with Tradewater. This collaboration focuses on the development of a Fractionalized Offset Management (FOM) system that allows users to measure their carbon impact and purchase verified carbon offsets. In just one year, Tradewater's offset credit subscriptions grew by 419%, equating to a significant reduction in CO2 emissions. The initiative aims to enhance sustainability efforts while making carbon offsets accessible for all.
Thoughtworks reported strong revenue growth of 45.0% year-over-year for Q3 2021, reaching $285.1 million. Adjusted Gross Margin improved to 45.7%, reflecting solid demand amidst challenges in gross margin due to $25.8 million of stock-based compensation. Despite a net loss of $(25.2) million, Adjusted Diluted EPS rose to $0.14. The company anticipates Q4 revenues between $285 million and $287 million and full-year revenues between $1,068 million and $1,070 million, indicating positive momentum.
Thoughtworks (NASDAQ: TWKS), a technology consultancy, is set to announce its third-quarter financial results on November 15, 2021, before markets open. A conference call and webcast will follow at 8:00 a.m. ET on the same day. Investors can access the call via toll-free numbers in the USA and Canada or internationally. The archived webcast will be available on the company's investor relations website for those unable to attend live.
Thoughtworks (TWKS) announced a collaboration with Workrise, a workforce management platform, aimed at enhancing software development processes. The partnership focuses on integrating DevSecOps and cloud-native architecture to improve the software development lifecycle. Workrise, known for its skilled labor sourcing, intends to expedite its deployment of new features and achieve a goal of placing 100,000 workers by 2023. Thoughtworks brings over 25 years of experience in digital capabilities, supporting Workrise’s commitment to addressing the skilled labor gap.
Thoughtworks (Nasdaq: TWKS) announced it will release its Q3 2021 financial results on November 15, 2021, before the market opens. Following the results announcement, the company will host a conference call at 8:00 a.m. ET. Investors can join via USA/Canada toll-free number +1 (844) 834-1436 or the international dial-in +1 (929) 517-0930. A replay will be available after the call. Investors can access further information via the Thoughtworks investor relations website.
Thoughtworks (TWKS) has released Volume 25 of its Technology Radar, marking 11 years of bi-annual insights. The report emphasizes the relevance of Conway's Law, highlighting its impact on digital transformation in organizations. Key themes include the risks of software complexity, the need for addressing self-inflicted challenges, and the increasing standardization around tools like Kafka. Notable is the observed decline in platform innovations, suggesting a consolidation trend in industry standards. Thoughtworks encourages organizations to align team structures with technology strategies for improved productivity.
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