TELUS International Now Sees FY23 Adj. EPS $0.90-$0.97 Vs $1.62 Est.; Revenue $2.7B-$2.73B Vs $3.93B Est.
Portfolio Pulse from Benzinga Newsdesk
TELUS International has released its preliminary Q2 2023 financial results, showing lower than expected business volumes, particularly in the technology vertical. The company reported a net loss in the range of $7 to $10 million, a year-over-year decline of 113% to 118%. Adjusted EBITDA declined by 20% to 22%, impacted by higher costs in Europe and temporary demand imbalances. The company also revised its full-year 2023 outlook, now expecting revenue in the range of $2.7 to $2.73 billion and adjusted EPS in the range of $0.90 to $0.97.

July 13, 2023 | 8:38 pm
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TELUS International's Q2 2023 results were lower than expected, primarily due to lower business volumes in the technology vertical. The company also revised its full-year 2023 outlook downwards.
TELUS International's lower than expected Q2 2023 results and revised full-year 2023 outlook are likely to negatively impact investor sentiment and could lead to a short-term decline in the company's stock price.
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