$AGIL reports optimistic revenue growth for 2023 amid client expansion.
Mar 9th 2023, 9:08 pm
Analyst Summary: AgileThought Inc. reported its Q4 2022 and full year results, with revenue at $176.8 million, an 11% YoY growth, and gross margin at 32%. The company added 3 new and 21 new clients in Q4 and FY 2022 respectively. The company attributed its success to industry-leading delivery infrastructure and reorganization of human resources. AgileThought is optimistic about 2023, anticipating that revenue growth and gross margin will continue to improve. CEO Manuel Senderos emphasized the importance of capitalizing on the demand for digital transformation services in the ongoing macro-economic environment. CFO Amit Singh expects solid top-line performance and gross margin improvement in 2023. The company also disclosed a $200 million credit facility and certain amendments made to it. AgileThought is a leading provider of agile-first software, consulting and digital transformation services to Fortune 1000 customers. The non-GAAP financial measures are useful in analyzing operating performance and trends, and the company provides a reconciliation of these measures with GAAP financial measures.