TaskUs Inc. (TASK) shares soared 6.27% in pre-market trading on Thursday, February 27th, 2025, following the company's impressive fourth-quarter earnings results and the launch of its new Agentic AI Consulting practice.
The outsourced digital services provider reported strong financial performance for the fourth quarter of 2024, with revenue increasing 17.1% year-over-year to $274.2 million, exceeding guidance. The company's full-year 2024 revenue grew 7.6% to $995 million, driven by accelerating double-digit growth in the second half of the year.
TaskUs attributed its strong performance to robust client demand and an uptick in new client signings, particularly in the financial services, healthcare, and professional services verticals. Additionally, the company's AI services segment, which includes support for generative AI development and testing, saw revenue growth accelerate to 31% year-over-year in Q4.
Looking ahead, TaskUs is positioning itself for continued growth by embracing AI technologies. The company announced the launch of its Agentic AI Consulting practice, which will partner with leading agentic AI companies to help businesses integrate AI-powered automation into customer support and business processes.
With its expertise in complex workflows and industry-specific policies, TaskUs aims to create an enduring revenue stream by reselling, implementing, and maintaining AI agents for clients. The company expects its AI services segment to be the fastest-growing in 2025, driven by strong demand for generative AI solutions.
TaskUs provided robust guidance for the first quarter of 2025, projecting revenue between $270 million and $272 million, representing year-over-year growth of approximately 19%. For the full year 2025, the company expects revenue of $1.095 billion to $1.125 billion, indicating growth of 10% to 13% compared to 2024.
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