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Financial Data and Key Metrics Changes - CI&T achieved record net revenue of BRL622.2 million in Q3 2024, a 17.6% increase compared to BRL529.1 million in Q3 2023, with constant currency net revenue growth of 9% year-over-year [8][22] - Adjusted EBITDA for Q3 2024 reached BRL121 million, a 24.2% increase from BRL98 million in the same period last year, with an adjusted EBITDA margin of 19.5%, up by one percentage point from Q3 2023 [29][30] - Adjusted net profit was BRL56.5 million, a 32.9% increase compared to Q3 2023, with the adjusted net profit margin rising from 8% to 9.1% [30] Business Line Data and Key Metrics Changes - Revenue from Financial Services, Consumer Goods and Retail, and Industrial Goods verticals grew by double digits year-over-year in Q3 2024 [25] - Revenue from Retail and Industrial Goods sectors doubled compared to Q3 2023, driven by new clients acquired in the last 18 months [26] Market Data and Key Metrics Changes - Geographic distribution of net revenue for the first nine months of 2024: 44% from North America, 41% from Latin America, 11% from Europe, and 4% from Asia-Pacific [23] - Net revenue from Latin America grew by 11% on a sequential basis in Q3 2024, while North America remains the fastest-growing market [24] Company Strategy and Development Direction - CI&T is focusing on AI as a transformative force and optimizing its sales machine, with a strong emphasis on enhancing offerings and competitiveness through CI&T FLOW [11][51] - The company aims to increase wallet share among its largest clients while expanding its presence within their organizations, aligning with a land and expand strategy [27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for Q4 2024, expecting net revenue in the range of BRL620 million to BRL655 million, representing a 22% year-over-year growth at the midpoint [32] - The company anticipates a stable demand environment in the US post-elections, with a strong pipeline and record bookings in Q3 2024 [46] Other Important Information - CI&T onboarded 520 new employees globally in Q3 2024, with a total headcount of 6,700, reflecting a 10.5% year-over-year growth [12][10] - The company has streamlined its talent acquisition process using AI, enhancing its ability to support high-growth ambitions [10] Q&A Session Summary Question: Employee growth and utilization rates - Management indicated that headcount growth is in line with revenue growth, and utilization rates remain healthy between 85% and 90% [37][41] Question: Margin improvement factors - Management highlighted productivity gains from cost management and investments in hiring and AI initiatives as key drivers for margin improvement [44] Question: North America commercial environment post-elections - Management noted a slightly better demand environment in the US, with stable budgets for large companies and a strong pipeline [46] Question: AI's impact on results - Management stated that CI&T FLOW has significantly enhanced productivity, with teams using AI showing up to 300% faster results compared to non-Flow teams [51] Question: Sustainability of demand trends - Management indicated that the majority of competitors are traditional IT service players, and they expect stable demand trends moving forward [73]

Group 1: Earnings Performance - CI&T Inc. reported quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.05 per share, representing an earnings surprise of -20% [1] - The company posted revenues of $112.21 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.94%, compared to year-ago revenues of $108.42 million [2] - Over the last four quarters, CI&T has surpassed consensus EPS estimates just once, while it has topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - CI&T shares have increased approximately 31.2% since the beginning of the year, outperforming the S&P 500's gain of 25.5% [3] - The current consensus EPS estimate for the coming quarter is $0.06 on revenues of $114.36 million, and $0.22 on revenues of $420.38 million for the current fiscal year [7] - The estimate revisions trend for CI&T is currently favorable, translating into a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 3: Industry Context - The Internet - Software industry, to which CI&T belongs, is currently in the top 18% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

CI8T EARNINGS CALL 3Q24 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 ...

Group 1 - The company CI&T (NYSE: CINT) is well-positioned to capitalize on the digital transformation trend, particularly focusing on AI initiatives with its new Flow product [1] - The investment approach emphasizes a blend of value investing principles and long-term growth, aiming to buy quality companies at a discount to their intrinsic value [1] - The strategy involves holding investments for the long term to allow for compounding of earnings and shareholder returns [1]

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 ...

Core Insights - CI&T Inc. is scheduled to release its second-quarter earnings results on August 16, 2024, before the market opens [1] - Analysts predict a decline in quarterly earnings to 6 cents per share, down from 9 cents per share in the same period last year [2] - Expected quarterly revenue is $99.03 million, a decrease from $113.59 million year-over-year [2] - CI&T's shares increased by 1.1%, closing at $6.75 [2] Analyst Ratings - Citigroup analyst Ashwin Shirvaikar maintains a Neutral rating, raising the price target from $4.25 to $6 [2] - Wedbush analyst Moshe Katri initiated coverage with an Outperform rating and a price target of $5 [2] - Canaccord Genuity analyst Joseph Vafi upgraded the stock from Hold to Buy, increasing the price target from $5 to $6 [2] - The consensus price target from 10 analysts shows a high of $10 and a low of $4.20 [2]

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: ...