Financial Performance - Thoughtworks Q1 2022 revenues reached $321 million, a 35% increase compared to Q1 2021's $238 million[22] - Revenue growth in constant currency was 38.2% [22] - Adjusted Gross Margin increased to 45.6%, up from 44.7% in Q1 2021[22] - Adjusted EBITDA was $73 million, flat at 22.7% margin compared to Q1 2021[22] - Adjusted Diluted EPS decreased slightly to $0.13, down from $0.14 in Q1 2021[22] Market and Growth - The digital transformation services market is experiencing rapid growth, expected to more than double from $1.3 trillion in 2020 to $2.8 trillion in 2025[31] - Thoughtworks is expanding geographically, including plans to open an office in Vietnam[8, 81] - The company is pursuing strategic acquisitions, such as Connected in Canada, to enhance its capabilities[8, 81] Customer and Talent - Thoughtworks has a diverse customer portfolio across various industries, including Technology and Business Services (26.6%), Energy, Public and Health Services (24.0%), and Retail and Consumer (19.5%)[37] - The company has a global workforce of over 11,000 employees across 17 countries[11, 26] - Women and Underrepresented Gender Minorities (WUGM) make up 40.8% of the global workforce[11]
Thoughtworks(TWKS) - 2022 Q1 - Earnings Call Presentation