TaskUs Full Year 2022 Earnings: Beats Expectations

·1 min read

TaskUs (NASDAQ:TASK) Full Year 2022 Results

Key Financial Results

  • Revenue: US$960.5m (up 26% from FY 2021).

  • Net income: US$40.4m (up from US$58.7m loss in FY 2021).

  • Profit margin: 4.2% (up from net loss in FY 2021). The move to profitability was driven by higher revenue.

  • EPS: US$0.41 (up from US$0.62 loss in FY 2021).


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 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are down 12% 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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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