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TaskUs Announces Fiscal Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

TaskUs, Inc. - Class A (TASK) 
Company Research Source: Yahoo! Finance
next-generation customer experience to the world's most innovative companies, today announced its results for the fourth quarter and full year ended December 31, 2023. Fourth quarter total revenue of $234.3 million , representing a year-over-year decrease of 3.3%. GAAP net income of $16.3 million , GAAP net income margin of 6.9%. Non-GAAP Adjusted Net Income of $32.2 million , non-GAAP Adjusted Net Income margin of 13.8%. GAAP diluted earnings per share of $0.18 , non-GAAP Adjusted EPS of $0.35. Adjusted EBITDA of $59.0 million , Adjusted EBITDA margin of 25.2%. Net cash provided by operating activities of $39.8 million , Free Cash Flow of $31.7 million and 53.7% conversion of Adjusted EBITDA. "Despite a challenging macroeconomic backdrop, we finished 2023 strong, delivering both revenue and Adjusted EBITDA that were well ahead of our guidance. We further diversified our client base and expanded our business in new areas like healthcare and banking and financial services Show less Read more
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