Latest news with #TIXT
Yahoo
5 days ago
- Business
- Yahoo
TELUS International (Cda) Inc. (TIXT) Surges 27% Following Buyout Proposal from TELUS Corporation
TELUS International (Cda) Inc. (NYSE:TIXT) is among the 10 Most Undervalued Stocks to Buy for Under $5. The company has received an unsolicited non-binding proposal from TELUS Corporation to buy out 100% of the outstanding multiple voting shares and subordinate voting shares not already owned by TELUS Corporation for $3.40 per share. A robotic process automation system in a modern datacenter. The proposal is subject to several conditions, including satisfactory due diligence, the negotiation of an acquisition agreement, and approval from key shareholders of TELUS International (Cda) Inc. (NYSE:TIXT). The completion of the transaction will also be subject to compliance with the security laws of Canada and the United States. TELUS International (Cda) Inc. (NYSE:TIXT) crafts and delivers unique solutions, including AI and content moderation, for global and disruptive brands. The company's shares surged by 26% on Thursday following the reports to cap off returns of nearly 27% for the week. While we acknowledge the potential of TIXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
12-06-2025
- Business
- Reuters
Telus offers to fully own digital unit for greater control of AI capabilities
June 12 (Reuters) - Telus ( opens new tab said on Thursday it intends to acquire the shares in its listed digital services subsidiary it does not currently own, as the Canadian telecom firm seeks greater control of the unit's artificial intelligence capabilities. The company has offered $3.40 per share to acquire the shares it does not own in Telus Digital ( opens new tab, valuing the unit at $946.8 million, according to Reuters' calculation. Telus currently holds about 57% of the digital unit's outstanding shares directly and through its other units. This is a 15% premium to the last closing price of the subsidiary's U.S.-listed stock. U.S.-listed shares of the digital unit are down more than 24% this year, severely lagging the parent company whose U.S. listing is up nearly 19% this year. The move underscores Telus' push for more control of the digital unit, which helps businesses adopt AI and develop data strategies amid a worldwide push to harness the technology. "Our proposal to fully acquire Telus Digital reflects our belief that closer operational proximity... will enable enhanced AI capabilities and SaaS transformation across all lines of our business," Telus CEO Darren Entwistle said. Telus said last month it is investing more than C$70 billion ($51.40 billion) in Canada over the next five years to expand its network infrastructure in the country, which would be focused around launching two new AI data centers. Barclays is serving as Telus' financial advisor. ($1 = 1.3619 Canadian dollars)
Washington Post
09-05-2025
- Business
- Washington Post
Telus International: Q1 Earnings Snapshot
VANCOUVER, British Columbia — VANCOUVER, British Columbia — Telus International Inc. (TIXT) on Friday reported a loss of $25 million in its first quarter. On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 9 cents. Earnings, adjusted for one-time gains and costs, came to 6 cents per share.
Yahoo
15-02-2025
- Business
- Yahoo
TELUS International (Cda) Full Year 2024 Earnings: EPS Misses Expectations
Revenue: US$2.66b (down 1.8% from FY 2023). Net loss: US$61.0m (down by 213% from US$54.0m profit in FY 2023). US$0.22 loss per share (down from US$0.20 profit in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 54%. The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$455.0m (17% of total revenue). Notably, cost of sales worth US$2.24b amounted to 84% of total revenue thereby underscoring the impact on how TIXT's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Professional Services industry in the US. Performance of the American Professional Services industry. The company's share price is broadly unchanged from a week ago. You still need to take note of risks, for example - TELUS International (Cda) has 1 warning sign we think you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
