Tdcx Inc ADR Up 29.71% To $6.20 After Earnings Miss

TDCX Inc (TDCX) reported less than expected earnings this afternoon for Q2 2023.

Tdcx Inc ADR's earnings came in at an EPS of $0.14 per share, 13% lower than estimates for an EPS of $0.16 per share. The firm's earnings are down 7% since reporting $0.15 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Consensus estimates for Tdcx Inc ADR revenue averaged out to $129.4 million, with the business missing on those expectations with reported second-quarter revenue of $126.2 million. The $3.2 million (2%) negative revenue surprise led to 8% growth year-over-year as the firm reported revenue of $116.6 million in its year-ago quarter. The lower earnings growth compared to revenue points to Tdcx Inc ADR not being able to improve its profit margin.

The stock is up 29.71% to $6.20 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 42. Meanwhile, the average Wall Street analyst rated the stock a Hold.

TDCX Inc provides outsourced contact center services. Its business comprises three key service offerings: omnichannel CX solutions; sales and digital marketing services; and content monitoring and moderation services. It also provides other services for clients, such as providing workspace at its offices in connection with existing campaigns and providing human resource and administration services to clients.