Thoughtworks, a global technology consultancy and services company, will release its quarterly earnings results to the market before Tuesday, August 8th. This announcement marks the start of the new quarterly earnings season, and investors will be watching closely to see how the company has been performing. THOUGHTWORKS HOLDING ($NASDAQ:TWKS) is a technology services company that specializes in helping organizations create software and digital solutions that are innovative, reliable, and secure. Its consulting services are offered through a network of offices in the United States, Europe, Canada, India, and China.
With products that are designed to accelerate time-to-market and reduce operational costs, Thoughtworks has become a leader in the technology services industry. Investors will be paying close attention to this quarterly earnings announcement to gain insight into the company’s performance.
The company’s latest earning report of FY2023 Q1 ending March 31 2021 totaled 237.66M USD in total revenue and 18.58M USD in net income. This represents a 25.9% decrease in total revenue and a 131.0% decrease in net income when compared to the same period last year. Despite the drastic decline, THOUGHTWORKS HOLDING’s total revenue has grown from 237.66M USD to 307.06M USD in the past three years. Investors will be keen to monitor the company’s performance to see if the recent decline is a signal of further struggles or a single anomaly.
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Thoughtworks Holding. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Thoughtworks Holding. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Thoughtworks Holding. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Thoughtworks Holding are shown below. More…
Income Statement Ratios
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On Monday, the company’s stock opened at $7.0, unchanged from its prior closing price of $7.1. However, by the day’s end it had dropped by 0.8%, closing at $7.0. Investors will be looking to the earnings report for an indication of the company’s performance during the quarter. With the release of its results, THOUGHTWORKS HOLDING‘s investors may be able to gain a better understanding of where the company stands in terms of its financial health. Live Quote…
As GoodWhale, I conducted an analysis of THOUGHTWORKS HOLDING‘s wellbeing. Based on our Star Chart classification, THOUGHTWORKS HOLDING is classified as a ‘gorilla’ type of company, which indicates that they have achieved stable and high revenue or earning growth due to their strong competitive advantage. This makes them attractive to many types of investors, especially those looking for companies with strong financial fundamentals. The wellbeing of THOUGHTWORKS HOLDING was evident in their high health score of 8/10, indicating the company’s capability to safely ride out any crisis without the risk of bankruptcy due to their strong cashflows and debt. Additionally, THOUGHTWORKS HOLDING performed strongly in medium in asset, growth, and profitability categories, and slightly weaker in the dividend category. All of these metrics indicate that THOUGHTWORKS HOLDING is a strong company that can be a valuable asset to any investor. More…
Risk Rating Analysis
Star Chart Analysis
The competition between Thoughtworks Holding Inc and its competitors, China Crescent Enterprises Inc, Ealixir Inc, and Zhengzhou Jiean Hi-tech Co Ltd, is fierce and ever-evolving. All four companies are vying for market share, pushing each other to innovate and perfect their offerings in order to stay ahead of the competition. With a wide range of services and products on offer, the competition between these companies is sure to be intense.
– China Crescent Enterprises Inc ($OTCPK:CCTR)
Crescent Enterprises Inc is a global conglomerate that operates in multiple industries including engineering, construction, energy, trading, and services. The company’s market cap as of 2022 is 297.74k, indicating the size of the company and its value in the market. Crescent Enterprises Inc also has a Return on Equity of -5.3%, which means its shareholders have not been able to get a good return on their investments in the company. This indicates that the company has not been able to generate sufficient profits to cover its debts and investors have seen a negative return on their investments.
Ealixir Inc is a technology-driven company that specializes in providing innovative solutions to the healthcare sector. The company has a market cap of 324.74M as of 2022, indicating it has a strong presence in the industry. Ealixir Inc’s Return on Equity (ROE) stands at 86.89%, indicating that it generates significant returns for its shareholders. This high ROE is indicative of the company’s strong performance and its ability to efficiently utilize its resources to generate revenue. The company’s strong financials, combined with its innovative offerings, make it an attractive investment for potential investors.
– Zhengzhou Jiean Hi-tech Co Ltd ($SZSE:300845)
Zhengzhou Jiean Hi-tech Co Ltd is a Chinese company that specializes in the research and development, production, and sale of optical communication products and other related products. The company has a market capitalization of 2.09 billion as of the year 2022, indicating that it is a large, successful enterprise. In addition, the company has a Return on Equity of 3.34%, suggesting that the company is making a healthy profit and generating positive returns for its shareholders. This shows that the company is well managed and is likely to continue to grow in the future.
Thoughtworks Holding is set to release its quarterly earnings results on Tuesday, August 8th. Investors will be eager to see how the company has performed and what the outlook is for the future. Analysts expect the company to post earnings that are in line with or slightly higher than the previous quarter. The strength of the company’s balance sheet and cash flow will be closely watched.
Questions remain around the company’s ability to maintain its competitive edge in the industry and whether new initiatives will be successful. Investors will also be interested in the company’s plans for new products, services or markets, as well as its plans for expanding its global footprint. The company’s potential to generate future growth and profitability will be a key factor for investors to consider.