Financial Data and Key Metrics Changes - In Q2 2024, net revenue reached BRL565.7 million, an increase of 80.1% compared to Q1 2024, exceeding guidance and market expectations [5][12] - Adjusted EBITDA was BRL108.7 million, reflecting a year-over-year decline of 4.8% but a significant sequential increase of 29% [15] - Adjusted net profit for the quarter was BRL65.4 million, up 5.8% year-over-year, with an adjusted net profit margin rising from 10.8% to 11.6% [16] Business Line Data and Key Metrics Changes - The company reported strong growth in consumer goods and retail, and industrial goods, with sequential increases of 19.7% and 15.7% respectively [13] - The top clients and top 10 clients saw increases of 5.6% and 10.2% compared to Q1 2024, indicating strong engagement and expansion [13] Market Data and Key Metrics Changes - North America accounted for 43% of total revenue in the first half of 2024, with a 15% sequential growth driven by major client expansions [12] - LATAM contributed 41% of total revenue, with a 1.5% quarter-over-quarter growth, indicating a recovery in this market [13] - Europe and Asia Pacific accounted for 11% and 4% of total revenue respectively, both regions reported sequential growth [13] Company Strategy and Development Direction - The company is focused on leveraging AI to enhance productivity and customer experience, with a structured approach to adopting Generative AI [3][4] - CI&T aims to position itself as an AI-first technology partner, reflecting this in its refreshed branding [7] - The company is expanding its teams globally to accelerate AI initiatives and meet increasing demand for digital services [4][9] Management's Comments on Operating Environment and Future Outlook - Management noted a more stable macro environment compared to 2023, with tech budgets showing stability, which is crucial for client engagement [20] - The company expects net revenue in Q3 2024 to be at least BRL591 million, indicating an 11.7% growth compared to Q3 2023 [17] - For the full year of 2024, the company raised its guidance, expecting net revenue growth at constant currency to be in the range of -0.5% to 2.5% year-over-year [17] Other Important Information - The company has onboarded over 100 clients with a 68% adoption rate of its CI&T Flow platform among its teams [10] - The cash generation from operating activities was BRL131 million in the first half of 2024, 11.6% higher than the same period last year [6] Q&A Session Summary Question: Revenue and vertical performance - Inquiry about bookings, project pipeline, and vertical performance, particularly the disparity in growth between the US and LATAM [19] Response: - Management highlighted stable tech budgets and increased commercial activity, with a strong pipeline for the second half of the year [20][21] Question: AI adoption cycle - Question regarding the current stage of AI adoption and its impact on budgets going into 2025 [23] Response: - Management indicated a focus on efficiency now, with expectations for increased investment in digital strategies in the coming years [24][25] Question: Average revenue per employee - Inquiry about the decline in revenue per employee and its causes [27] Response: - Management attributed this to a shift in revenue mix towards nearshore delivery rather than pricing pressure [27] Question: Margin performance - Question about the drivers behind the significant margin increase and expectations for the second half [28] Response: - Management emphasized productivity gains and cost management as key factors, maintaining guidance for EBITDA margins between 17% to 19% [28] Question: GenAI contracting dynamics - Inquiry about how GenAI is affecting client contracting dynamics [29] Response: - Management noted a focus on enhancing productivity rather than changing business models at this stage [29] Question: Workforce planning - Question regarding headcount growth and balancing utilization with the need for billable employees [31] Response: - Management indicated plans to build a bench for future growth, expecting a slight decrease in utilization rates as hiring resumes [32]

CI8T EARNINGS CALL 2Q24 investors .ciandt.com Hello, We are your CI&T presenters today: Cesar Gon Founder & CEO Bruno Guicardi Founder & NAE President Stanley Rodrigues Partner, CFO Eduardo Galvão IR Director Q&A SESSION Submit your question via email to investors@ciandt.com investors.ciandt.com SAFE HARBOR AND NON-IFRS MEASURES FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation ...

CI&T Inc. CINT is set to release earnings results for its second quarter, before the opening bell on Aug. 16, 2024. Analysts expect the Campinas, Brazil-based company to report quarterly earnings at 6 cents per share, down from 9 cents per share in the year-ago period. CI&T is expected to report quarterly revenue of $99.03 million for the quarter, compared to $113.59 million a year earlier, according to data from Benzinga Pro. On May 22, CI&T reported better-than-expected first-quarter financial results. CI ...

Core Viewpoint - CI&T is facing a class action lawsuit due to the restatement of its previously issued financial statements, which has led to significant investor losses and a notable drop in stock price [2][5]. Group 1: Company Financials - On March 7, 2024, CI&T announced that its audited consolidated financial statements for the year ended December 31, 2022, and its unaudited interim financial statements for the periods ended March 31, 2023, June 30, 2023, and September 30, 2023, should no longer be relied upon [2]. - Following the announcement, CI&T's stock price decreased by $0.48 per share, representing a decline of 10.8%, closing at $3.97 per share [5]. Group 2: Legal Actions - The Rosen Law Firm is preparing a class action lawsuit seeking recovery of investor losses related to CI&T's alleged misleading business information [1][3]. - Investors are encouraged to select qualified legal counsel with a successful track record in securities class actions, as the Rosen Law Firm has achieved significant settlements in the past [2]. Group 3: Investor Guidance - Investors interested in joining the class action can find more information through the Rosen Law Firm's website or by contacting them directly [4].

So What: If you purchased CI&T securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. Attorney Advertising. Prior results do not guarantee a similar outcome. NEW YORK, June 18, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of CI&T Inc (NYSE: ...

WHAT IS THIS ABOUT: On March 7, 2024, before the market opened, CI&T issued a press release entitled "Restatement of Previously Issued Financial Statements." The press release stated "(i) the Company's audited consolidated financial statements as of and for the year ended December 31, 2022, included in its annual report on Form 20-F for the year ended December 31, 2022 filed with the United States Securities and Exchange Commission ("SEC") on March 28, 2023, and (ii) the Company's unaudited condensed consol ...

SO WHAT: If you purchased CI&T securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of CI&T Inc (NYSE: CINT) resulting from allegations that CI&T may have issued mat ...

NEW YORK, June 4, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of CI&T Inc (NYSE: CINT) resulting from allegations that CI&T may have issued materially misleading business information to the investing public. SO WHAT: If you purchased CI&T securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is pr ...

TODAY'S SPEAKERS Bruno Guicardi Founder & NAE President Eduardo Galvão IR Director Submit your question via email to INVESTORS@CIANDT.COM SAFE HARBOR AND NON-IFRS MEASURES NON-IFRS MEASURES We regularly monitor certain financial and operating metrics to evaluate our business, measure our performance, identify trends affecting our business, formulate financial projections, and make strategic decisions. These non-IFRS financial measures include Adjusted Gross Profit, Adjusted Gross Profit Margin, Adjusted EBI ...

CI&T Inc. (NYSE:CINT) Q1 2024 Earnings Conference Call May 22, 2024 8:00 AM ET Company Participants Eduardo Galvao - Head, IR Cesar Gon - Founder & CEO Bruno Guicardi - Founder & President, North America and Europe Stanley Rodrigues - CFO Conference Call Participants Edoardo Rulli - UBS Ryan Potter - Citi Puneet Jain - JPMorgan Joey Vafi - Canaccord Moshe Katri - Wedbush Eduardo Galvao Good morning. Welcome to CI&T Earnings Call for the First Quarter of 2024. I am Eduardo Galvao, Head of Investor Relations ...