TaskUs (NASDAQ:TASK) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$237.9m (up 3.8% from 2Q 2023).

• Net income: US$12.6m (up 24% from 2Q 2023).

• Profit margin: 5.3% (up from 4.4% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$0.14 (up from US$0.10 in 2Q 2023).

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 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's share price is broadly unchanged 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. We've done some analysis and you can see our take on TaskUs' balance sheet.

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