TaskUs Third Quarter 2024 Earnings: Beats Expectations

TaskUs, Inc. +1.26%

TaskUs, Inc.

TASK

15.22

+1.26%

TaskUs (NASDAQ:TASK) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$255.3m (up 13% from 3Q 2023).
  • Net income: US$12.7m (up 30% from 3Q 2023).
  • Profit margin: 5.0% (up from 4.3% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: US$0.14 (up from US$0.11 in 3Q 2023).
earnings-and-revenue-growth
NasdaqGS:TASK Earnings and Revenue Growth November 9th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

TaskUs Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%.

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in the US.

The company's shares are up 44% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on TaskUs' balance sheet health.

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via