TaskUs Inc. (TASK) shares soared as much as 12.86% in after-hours trading on November 7, 2024, after the digital outsourcing services provider reported strong third-quarter revenue that surpassed Wall Street estimates.
For the third quarter of 2024, TaskUs posted revenue of $255.3 million, beating analyst consensus estimates of $245.5 million and marking a 13.15% increase from the same period last year. Earnings per share came in at $0.14, meeting consensus forecasts.
The company's impressive performance underscores the growing demand for its outsourced digital services, including content moderation and customer experience, as businesses across industries accelerate their shift to digital. TaskUs's strong revenue growth momentum is expected to continue into 2025 as the company expands its client base and service offerings, benefiting from the rising demand for digital outsourcing.
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