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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), a global technology consultancy, has signed a multi-year agreement with Total Wine & More, the largest independent retailer of fine wine, spirits, and beer in the U.S. This partnership aims to modernize Total Wine's enterprise resource planning (ERP) applications utilizing Microsoft Azure, reflecting the company's growth from one store in 1991 to 249 locations across 27 states. Thoughtworks will assist Total Wine in adopting a product-centric delivery model, enhancing operational efficiency to better meet evolving customer needs. Both companies are focused on leveraging technology to drive innovation and improve business processes.
Thoughtworks (NASDAQ: TWKS), a global technology consultancy, will report its first-quarter 2023 financial results on May 9, 2023, prior to market open. Following the results announcement, the company will hold a conference call and webcast at 8:00 a.m. ET on the same day. Investors can access the webcast on the company's website, where the archived version and transcript will also be available. Thoughtworks integrates strategy, design, and engineering to drive digital innovation, employing over 12,500 people across 50 offices in 18 countries.
Thoughtworks (TWKS), a global technology consultancy, has launched its Engineering Effectiveness solution aimed at optimizing software engineering teams. This initiative addresses rising costs and the need for sustainability in engineering practices. The solution provides a comprehensive suite of services to enhance developer productivity, technical debt management, and overall engineering culture. Industry leaders like Workrise are already benefiting from this partnership, with improved software-development practices. Dr. Rebecca Parsons, CTO of Thoughtworks, emphasizes the importance of addressing unaligned engineering operations and human capability gaps to compete against digital-native companies.
Thoughtworks (NASDAQ: TWKS) and First Student, Inc. have initiated the rollout of a digital platform for First Student's new division, FirstAlt. This division aims to address the nationwide bus driver shortage and provide efficient transportation for students with special needs and homelessness. The platform, developed on AWS with a mobile-first approach, features a data-driven app for drivers to optimize service delivery. Initial deployments have shown significant time and cost savings. Future updates will allow school districts and parents to track trips and manage scheduling.
Thoughtworks (NASDAQ: TWKS) announced a partnership with Beautycounter to modernize its digital technology platform. This collaboration aims to enhance Beautycounter's IT processes, focusing on agility and efficiency. Notably, Beautycounter achieved a 99% reduction in time for payment processing and significantly sped up testing cycles for new features. The partnership aligns with Beautycounter's goal to scale its e-commerce and retail operations, leveraging Thoughtworks' expertise in digital transformation.
Thoughtworks Holdings, Inc. (NASDAQ: TWKS) reported Q4 revenues of $310.7 million, an increase of 8.3% year-over-year, with 21.1% growth for full-year revenues totaling $1.3 billion. The company achieved a net income of $16.1 million for Q4 compared to a net loss of $(16.9) million in Q4 2021. Adjusted EBITDA rose to $58.2 million, reflecting an 18.7% margin. For 2023, Thoughtworks anticipates revenues between $303 million and $305 million, indicating a decline of (5.5)% to (5.0)%. Despite challenges, management remains optimistic about revenue contributions from recent acquisitions.
Thoughtworks (NASDAQ: TWKS) will release its fourth quarter 2022 financial results on February 28, 2023, prior to market open. A conference call and webcast will follow at 8:00 a.m. ET. Investors can register for the call through a provided link. The webcast will also be available for later viewing on the company’s investor relations website. As a global technology consultancy, Thoughtworks focuses on integrating strategy, design, and engineering to foster digital innovation. The company currently operates across 50 offices in 18 countries with over 12,500 employees.
Thoughtworks (NASDAQ: TWKS) is set to report its financial results for Q4 2022 on February 28, 2023, before the market opens. This announcement will be followed by a conference call and webcast at 8:00 a.m. ET. Investors can register for the call through a provided link and access the webcast from the company's investor relations website. The archived version of the call and transcript will also be available online. With over 12,500 employees across 50 offices in 18 countries, Thoughtworks has a strong presence in digital innovation, emphasizing its strategy, design, and engineering capabilities.
Thoughtworks (NASDAQ: TWKS) has announced its acquisition of Itoc, an AWS Advanced Consulting Partner in Australia. This strategic acquisition enhances Thoughtworks’ cloud capabilities, aiding clients in their digital transformation journeys. Established in 2012, Itoc is recognized for its expertise in AWS services, holding over 100 certifications, and has worked with notable clients like Comestri and Judobank. The firm won the AWS 2021 Consulting Partner of the Year award in Australia, and its team will integrate into Thoughtworks, strengthening its enterprise modernization services.
Thoughtworks (NASDAQ: TWKS) collaborated with MIT Technology Review Insights to analyze responsible technology use among organizations. The report surveyed 550 senior executives globally, highlighting that nearly 75% see responsible tech as important as business implications. Key benefits include better customer acquisition (47%) and improved brand perception (46%). However, barriers like lack of management awareness (52%) hinder adoption. The report suggests that understanding responsible tech can enhance customer trust and drive digital innovation.
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