TDCX'S FIRST QUARTER 2023 REVENUE UP 8.2%, OR UP 13.1% IN CONSTANT CURRENCY TERMS1
SINGAPORE, June 1 (Bernama-BUSINESS WIRE) -- TDCX Inc. (NYSE: TDCX) (“TDCX” or the “Company”), an award-winning digital customer experience (CX) solutions provider for technology and blue-chip companies, today announced its unaudited financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights3
Total revenue of US$124.3 million, up 8.2% year-on-year, including a 4.9% point negative impact of foreign exchange rates compared with the prior year period, and up 13.1% in constant currency terms1
Profit for the period was US$20.5 million, up 22.5% year-on-year
EBITDA2,4 of US$32.0 million, up 7.0% year-on-year, and Adjusted EBITDA2,4 of US$30.0 million, down 16.2% year-on-year
Profit for the period, EBITDA2,4 and Adjusted EBITDA2,4 included a net reversal of equity-settled share-based payment expenses of US$3.9 million
Mr. Laurent Junique, Chief Executive Officer and Founder of TDCX, said, “We delivered a resilient set of results this quarter through our continued focus on operational excellence. Our efforts to deepen our support for existing clients are also showing results, as revenue from clients outside our top five rose 45 per cent year-on-year. “Given market uncertainties, we are seeing more emphasis for stronger performance and greater productivity among our clients. Hence, we are focused on adding value to our clients by helping them solve their strategic CX challenges. We do this by leveraging the insights and best practices gathered from our Digital CX Center of Excellence and our recently launched TDCX AI arm. “Looking ahead, we continue to strengthen our capabilities by deepening our sector expertise in our core verticals, sharpening our operational capabilities, and expanding our footprint for better client coverage.”
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