TDCX posts 19.6 pct rise in profit to US$19.3 mln in Q2 2022

KUALA LUMPUR, Aug 25 (Bernama) -- TDCX Inc, an award-winning digital customer experience (CX) solutions provider, today announced its unaudited financial results for the second quarter ended June 30, 2022 (Q2 2022).

The company recorded total revenue of US$116.6 million (US$1=RM4.48) for the quarter, up 23.3 per cent year-on-year (y-o-y), while profit for the period rose 19.6 per cent y-o-y to US$19.3 million. Adjusted net income surged 35.5 per cent y-o-y to US$21.8 million.

“Southeast Asia’s fundamentals remain attractive to companies seeking long-term growth,” said chief executive officer and founder of TDCX, Laurent Junique, in a statement.

“Given our established network, local market expertise and robust talent pool, we continue to attract and support clients in realising their growth ambitions in this region.”

Meanwhile, TDCX has also signed up 25 new logos since the start of the year, more than triple the eight logos signed in the first half of 2021 (1H 2021). New logo wins in Q2 2022 included a leading regional airline, as well as one of Southeast Asia’s largest integrated car e-commerce platforms.

In addition, it recorded 60 clients with campaigns that had been launched as at June 30, 2022, a 40 per cent increase as compared with 43 launched clients as at June 30, 2021. Revenue contribution from new economy clients stood at 93 per cent for 1H 2022.

For the full-year 2022, TDCX expects to post a revenue of S$650 million to S$675 million (S$1=RM3.22). Full-year 2022 outlook remains unchanged in Singapore dollars. This equates to US$467 million to US$485 million.

TDCX employs more than 16,000 employees across 26 campuses globally, specifically in Singapore, Malaysia, Thailand, the Philippines, Mainland China, Hong Kong, South Korea, Japan, India, Romania, Spain, and Colombia.

-- BERNAMA