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Stock impact report

TaskUs Announces Fiscal Third 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 third quarter ended September 30, 2024.Total revenues of $255.3 million, 13.2% year-over-year growth. Exceeding the top-end of our guidance by $9.3 million.Net income of $12.7 million, net income margin of 5.0%.Adjusted Net Income of $34.3 million, Adjusted Net Income margin of 13.4%.Diluted EPS of $0.14, Adjusted EPS of $0.37.Adjusted EBITDA of $54.2 million, Adjusted EBITDA margin of 21.2%. Exceeding our midpoint guidance by $1.5 million.Net cash provided by operating activities of $17.0 million, Free Cash Flow of $6.3 million and 11.6% conversion of Adjusted EBITDA to Free Cash Flow. Adjusted Free Cash Flow of $9.1 million and 16.8% conversion of Adjusted EBITDA to Adjusted Free Cash Flow."Our team has continued to deliver results that exceed exp Show less Read more
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