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Stock impact report

TaskUs Announces Fiscal First Quarter 2024 Results

TaskUs, Inc. - Class A (TASK) 
Company Research Source: Business Wire
NEW BRAUNFELS, Texas--(BUSINESS WIRE)--TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience to the world’s most innovative companies, today announced its results for the first quarter ended March 31, 2024.Total revenues of $227.5 million.GAAP net income of $11.7 million, GAAP net income margin of 5.1%.Non-GAAP Adjusted Net Income of $27.3 million, non-GAAP Adjusted Net Income margin of 12.0%.GAAP diluted EPS of $0.13, non-GAAP Adjusted EPS of $0.30.Adjusted EBITDA of $50.6 million, Adjusted EBITDA margin of 22.2%.Net cash provided by operating activities of $51.2 million, Free Cash Flow of $47.6 million and 94.1% conversion of Adjusted EBITDA to Free Cash Flow.“Our teams have continued to deliver in the face of an unpredictable macro environment. As a result of their efforts we, again, outperformed the top end of our revenue and Adjusted EBITDA guidance,” said Co-Founder and CEO, Bryce Maddock. “We have seen a pick Show less Read more
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