The digital customer service company was “ahead of expectations on all key metrics,” wrote a J.P. Morgan analyst in a note. Revenue rose 57 per cent to US$505 million year over year, while net income fell to US$3 million or US$0.01 per share, from US$11 million or US$0.05 per share. (The Logic)
Talking point: This was the company’s first quarterly report since going public in an upsized offering in February. The listing broke the Toronto Stock Exchange’s record for the tech sector, with expected aggregate gross proceeds of US$925 million. Its parent company, Telus, also reported first-quarter earnings and said revenue rose 8.9 per cent and net income dropped 5.7 per cent. It highlighted strong revenue growth from its international, health and agriculture assets, with the last two expected to follow Telus International’s go-public footsteps.