CI&T Reports Solid Results in 1Q23 Fri, May 19, 2023, 7:19 AM EDT In this article: CINT 0.00% NEW YORK, May 19, 2023--(BUSINESS WIRE)--CI&T (NYSE: CINT, "Company"), a global digital specialist, today announces its results for the first quarter of 2023 (1Q23) in accordance with International Financial Reporting Standards (IFRS). For comparison purposes, we refer to the results for the first quarter of 2022 (1Q22). First Quarter of 2023 Operating and Financial Highlights Net Revenue was R$610.0 million, an increase of 24.0% compared to 1Q22 or a 24.3% growth at constant currency. The number of clients with annual revenue above R$1 million in the last twelve months grew from 110 in 1Q22 to 180 in 1Q23. Net Profit was R$52.4 million compared to R$29.2 million in 1Q22, a 79.2% increase year over year. Adjusted EBITDA was R$116.5 million, a 37.9% growth year-over-year, equivalent to an Adjusted EBITDA margin of 19.1%. Adjusted Net Profit was R$67.2 million, 70% higher than 1Q22, with an Adjusted Net Profit margin of 11.0%. Cash generated from operating activities was R$116.5 million in 1Q23, compared to a cash consumption of R$47.0 million in 1Q22. CI&T ended 1Q23 with 6,522 CI&Ters, compared to 6,435 at the end of 1Q22. Cesar Gon, founder and CEO of CI&T, commented, "I'm glad to kick off this cloudy 2023 with solid results from top to bottom, demonstrating our agility in maintaining a lean structure and adapting to changes in the external market environment. "At the same time, I believe that we are on the verge of probably the most disruptive moment in the history of computers on Earth. AI is a transformative technology with real-world applications and rapid advancements. And we, at CI&T, are moving thoughtfully fast with our clients, co-creating the future in this new chapter of innovation and endless possibilities." USES AI word-!
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Stoney you are killing it! Did you think FL was gonna get crushed? Barry better put you in charge of a fund!
New stock to watch. SMR---> $7.82 All-time lows. Loses money Insider sales But they make scalable small modular nuclear reactors. $218M cash with no debt. 220M shares outstanding, so about $1.00 in cash/share. Nice yoy and qoq sales comps. Marketcap of 1.9B Trades about 600K shares daily Website: https://www.nuscalepower.com/en More to follow.