TaskUs, Inc. announced its financial results for the third quarter ended September 30, 2024, reporting service revenue of $255.3 million. This figure represents a 13% increase compared to the third quarter of 2023, surpassing Wall Street expectations.
The company's GAAP net income for the quarter was $0.14 per share, with adjusted earnings per share reaching $0.37. These results also topped analyst forecasts, demonstrating robust profitability alongside top-line growth.
The strong financial performance was primarily driven by significant growth in the company's Trust and Safety and AI Services segments. TaskUs noted it is actively navigating pricing pressures and making necessary operational investments to support this growth trajectory.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.