Telus Digital (TIXT.TO) on Thursday said it swung to a fourth-quarter adjusted loss as revenue held constant.
The company recorded an adjusted loss of US$10 million, or US$0.04 per diluted share, compared with an adjusted profit of US$88 million, or US$0.30 per adjusted diluted share, in the prior year period.
Revenue stayed constant, at US$691 million. Telus Digital said growth in services provided to new clients, as well as growth with existing clients, including Telus and certain technology clients, offset declines with other clients.
For 2025, the company is forecasting 2% revenue growth on an organic basis, and adjusted diluted EPS of US$0.32.
"In the fourth quarter of 2024, TELUS Digital's revenue was up 5% from the previous quarter and steady year-over-year. On a sequential quarter basis, we also achieved stability in margins," said Gopi Chande, chief financial officer. "For 2025, our revenue outlook reflects the dynamics and volatility we're seeing in the industry, with strong early signs of demand across our Digital Solutions service line."
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