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CI&T Inc. (CINT) Q3 2024 Earnings Call Transcript Summary

moomoo AI ·  Nov 15 02:42  · Conference Call

The following is a summary of the CI&T Inc. (CINT) Q3 2024 Earnings Call Transcript:

Financial Performance:

  • CI&T reported a record revenue increase to BRL 622.2 million in Q3 2024, a 17.6% increase compared to Q3 2023. This was accompanied by a constant currency net revenue growth of 9% year-over-year.

  • For Q3 2024, adjusted EBITDA was BRL121 million, up 24.2% year-over-year, with an EBITDA margin that improved to 19.5%.

  • Adjusted net profit rose to BRL 56.5 million reflecting a 32.9% increase compared to Q3 2023; the net profit margin increased to 9.1%.

Business Progress:

  • CI&T expanded its global workforce, adding 520 new employees across various regions

  • The CI&T Flow AI-enabled platform continues to integrate into the company's offerings, enhancing client engagement with significant improvements in velocity and productivity.

Opportunities:

  • The potential expansion and application of CI&T Flow and AI-driven tools across business operations present a major opportunity, especially in enhancing operational efficiency and productivity.

  • With an enduring emphasis on attracting top talent and technological leadership, particularly in AI, CI&T is well-positioned for strategic growth and market leadership.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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