Shares of TELUS International (Cda) Inc. (NYSE: TIXT), a leading digital customer experience provider, soared in pre-market trading on Wednesday after the company reported stronger-than-anticipated financial results for the third quarter of 2024.
For the three-month period ended September 30, TELUS International reported revenue of $658 million, a slight decline of 0.75% from the same period last year but beating analysts' consensus estimate of $647.14 million. The company also reported adjusted earnings per share of $0.05, significantly surpassing the analyst consensus estimate of $0.01 and marking a 73.68% decrease from the prior-year quarter.
The better-than-expected results were driven by continued growth in demand for the company's digital customer experience solutions, particularly in the areas of AI and automation. TELUS International's expertise in these areas has enabled it to capitalize on the ongoing digital transformation efforts across various industries.
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