Saskatoon student receives national recognition for innovative braille device
Gokaraju, a Grade 11 student at Walter Murray Collegiate in Saskatoon at the time, grew concerned about how his grandfather would communicate the hearing condition worsened.
" That's what really started, you know, my passion for helping the deaf blind community, because I found out that it's not just my grandfather who could suffer from this situation," Gokaraju said.
That passion led him to create TouchTalk, a braille-based communication system that is now the winner of a 2025 national Ingenious+ Award.
"There are about 160 million deafblind people around the world who face this exact same problem," Gokaraju said. "I just wanted to make sure that these people have a way to connect with their communities and their families."
With TouchTalk, deafblind people receive and send messages through braille, inputting text through a computer app that translates the message into braille for the TouchTalk's physical display.
Gokaraju has just finished the preliminary testing for TouchTalk. He said he built the device for under $100, while similar products on the market usually cost much more.
"The most common technology right now costs about $5,000. And if you think about how a lot of deafblind people aren't in first-world countries, having that low cost is really important," Gokaraju said.
Youth leading innovation
Ingenious+, run by the Rideau Hall Foundation, seeks out creative solutions to complex challenges when selecting its finalists. Amy Mifflin-Sills, a director at the foundation, calls it "innovating for good."
"With Joti, what he's done so far with his innovation is a clear example of innovating for good," Mifflin-Sills said.
The Ingenious+ Award is open to youth aged 14 to 18 with projects focused on innovation in areas like community and civic engagement, climate change, equity and inclusion, health, technology and entrepreneurship.
"There are amazing ideas out there and incredible prototypes, just like Joti's. Our goal is to support as many of them as possible every year through financial awards, mentorship and learning opportunities," she said.
"To give them that initial seed money so they can get started and move forward with their innovations. Ideally, we want to help them reach commercialization, move beyond the testing and prototype stages, and even take these projects with them as they go on to college or university."
Servicing his community
Gokaraju credits much of his success with TouchTalk to hands-on work from researchers at the Canadian National Institute for the Blind, whom he connected with to learn more about issues with blindness and deafness.
"It's been really nice to actually get some field testing done," Gokaraju said.
His work in blind and deaf communication was also recognized by the Loran Scholars Foundation, which awarded him with a four-year scholarship valued at more than $100,000.
"It's also nice to, I guess, feel that your innovation has also been recognized, and it's something I think can go forward and I can actually make a company out of it to do something meaningful."
Gokaraju hopes more young people become inspired to create solutions to the world's problems.
He made sure to note that he wouldn't be here without the support of his family and community.
"This is something that I could only do by having that whole community behind me."
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Cash provided by operating activities was $132 million and Free Cash Flow was $75 million, compared with $250 million and $199 million, respectively, in the same period of the prior year, reflecting the same factors as outlined above. Goodwill impairment As at June 30, 2025, we recorded a non-cash goodwill impairment charge of $224 million. This resulted from our goodwill impairment test, which determined that the Company's single cash-generating unit's carrying value exceeded its estimated fair value as of June 30, 2025. The recoverable amount was principally affected by changes in key valuation assumptions including higher weighted average cost of capital, lower perpetual growth rate and lower cash flow forecasts arising from pricing pressure on margins. Please refer to Note 11—Intangible assets and goodwill of our accompanying Financial Statements. A discussion of our results of operations is included in our Management's Discussion and Analysis for the three- and six-month periods ended June 30, 2025, which is filed on SEDAR+ and as Exhibit 99.2 to our Form 6-K filed on EDGAR. Such materials and additional information are also provided at Outlook For the full-year 2025, management continues to expect: Revenue growth of approximately 2% on an organic basis Adjusted EBITDA of approximately $400 million Adjusted Diluted EPS of approximately $0.32 Q2 2025 investor call TELUS Digital will host a conference call today, August 1, 2025 at 10:30 a.m. (ET) / 7:30 a.m. (PT), where management will review the second quarter results, followed by a question and answer session with pre-qualified analysts. A webcast of the conference call will be streamed live on the TELUS Digital Investor Relations website at: and a replay will also be available on the website following the conference call. Status of the TELUS proposal As previously announced, on June 11, 2025, TELUS Digital received an unsolicited non-binding proposal from TELUS Corporation to acquire 100% of the outstanding multiple voting shares and subordinate voting shares of TELUS Digital not already owned by TELUS Corporation (the Proposal). Subsequent to receiving the Proposal, TELUS Digital's board of directors formed a special committee comprised of six independent directors (the Special Committee) to review, evaluate and consider the Proposal. In addition, the Special Committee has announced the engagement of independent legal counsel, financial advisors, valuators and communications advisors. TELUS Digital does not have any further update on the Proposal. TELUS Digital cautions the Company's shareholders and others considering trading in TELUS Digital's securities that no decisions have been made with respect to the Proposal. There can be no assurance that any binding offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the Proposal, or that the transaction contemplated by the Proposal or any other similar transaction will be approved or consummated. Non-GAAP This news release includes non-GAAP financial information, with reconciliation to GAAP measures presented at the end of this news release. We report certain non-GAAP measures used in the management analysis of our performance, but these do not have standardized meanings under International Financial Reporting Standards, as issued by the International Accounting Standards Board (IFRS ® Accounting Standards). These non-GAAP financial measures and non-GAAP ratios may not be comparable to GAAP measures or ratios and may not be comparable to similarly titled non-GAAP financial measures or non-GAAP ratios reported by other companies, including those within our industry and TELUS Corporation, our controlling shareholder. Adjusted EBITDA, Adjusted Net Income, Free Cash Flow, revenue on a constant currency basis, and Net Debt are non-GAAP financial measures, while Adjusted EBITDA Margin, Adjusted Diluted EPS, revenue growth on a constant currency basis and Net Debt to Adjusted EBITDA Leverage Ratio are non-GAAP ratios. Adjusted EBITDA is commonly used by our industry peers and provides a measure for investors to compare and evaluate our relative operating performance. We use it to assess our ability to service existing and new debt facilities, and to fund accretive growth opportunities and acquisition targets. In addition, certain financial debt covenants associated with our credit facility, including Net Debt to Adjusted EBITDA Leverage Ratio, are based on Adjusted EBITDA, which requires us to monitor this non-GAAP financial measure in connection with our financial covenants. Adjusted EBITDA should not be considered an alternative to net income in measuring our financial performance, and it should not be used as a replacement measure of current and future operating cash flows. However, we believe a financial measure that presents net income adjusted for these items provides a more consistent measure for management to evaluate period-over-period performance and would enable an investor to better evaluate our underlying business trends, our operational performance and overall business strategy. We exclude items from Adjusted Net Income and Adjusted EBITDA, such as acquisition, integration and other, foreign exchange gains or losses and, additionally, with respect to Adjusted Net Income, the interest accretion on written put options, amortization of purchased intangible assets, and the related tax effect of these adjustments. Full reconciliations of Adjusted EBITDA and Adjusted Net Income to the comparable GAAP measures are included at the end of this news release. We calculate Free Cash Flow by deducting capital expenditures from our cash provided by operating activities, as we believe capital expenditures are a necessary ongoing cost to maintain our existing productive capital assets and support our organic business operations. We use Free Cash Flow to evaluate the cash flows generated from our ongoing business operations that can be used to meet our financial obligations, service debt facilities, reinvest in our business, and to fund, in part, potential future acquisitions. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by consolidated revenue. We regularly monitor Adjusted EBITDA Margin to evaluate our operating performance compared to established budgets, operational goals and the performance of industry peers. Adjusted Diluted EPS is used by management to assess the profitability of our business operations on a per share basis. We regularly monitor Adjusted Diluted EPS as it provides a more consistent measure for management and investors to evaluate our period-over-period operating performance, to better understand our ability to manage operating costs and to generate profits. Adjusted Diluted EPS is calculated by dividing Adjusted Net Income by the weighted average number of diluted equity shares outstanding during the period. Revenue on a constant currency basis is used by management to assess revenue, the most directly comparable GAAP measure, excluding the effect of foreign currency fluctuations. Revenue on a constant currency basis is calculated as current period revenue translated using average foreign exchange rates in the comparable prior period. Revenue growth on a constant currency basis is used by management to assess the growth of revenue, the most directly comparable GAAP measure, excluding the effect of foreign currency fluctuations. Revenue growth on a constant currency basis is calculated as current period revenue growth translated using average foreign exchange rates in the comparable prior period. Net Debt to Adjusted EBITDA Leverage Ratio as per our credit agreement is calculated based on Net Debt and Adjusted EBITDA, both as per our credit agreement. Over the long term, we seek to maintain a Net Debt to Adjusted EBITDA Leverage Ratio in the range of 2-3x. We may deviate from our target Net Debt to Adjusted EBITDA Leverage Ratio as per our credit agreement to pursue acquisitions and other strategic opportunities that may require us to borrow additional funds and, additionally, our ability to maintain this targeted ratio depends on our ability to continue to grow our business, general economic conditions, industry trends and other factors. We have not provided a quantitative reconciliation of our full-year 2025 outlook for Adjusted EBITDA and Adjusted Diluted EPS to our full-year 2025 outlook for net income and diluted EPS because we are unable, without making unreasonable efforts, to calculate certain reconciling items with confidence, which could materially affect the computation of these financial ratios and measures. Cautionary note regarding forward-looking statements This news release contains forward-looking statements concerning our business, operations and financial performance and condition, as well as our plans, objectives and expectations for our business operations and financial performance and condition. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'aim', 'anticipate', 'assume', 'believe', 'contemplate', 'continue', 'could', 'due', 'estimate', 'expect', 'goal', 'intend', 'may', 'objective', 'plan', 'predict', 'potential', 'positioned', 'seek', 'should', 'target', 'will', 'would' and other similar expressions that are predictions of or indicate future events and future trends, or the negative of these terms or other comparable terminology. These include, but are not limited to, statements and information regarding the proposal received by us from TELUS Corporation, including the terms and conditions of the proposal, TELUS Digital's review and evaluation of the proposal by the special committee. These forward-looking statements are based on our current expectations, estimates, forecasts and projections about our business and the industry in which we operate, and management's beliefs and assumptions, and are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. We assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, uncertainties or otherwise, except as required by law. Specifically, we made several assumptions underlying our financial outlook for the full-year 2025 results, including key assumptions in relation to: our ability to execute our growth strategy, including by expanding services offered to existing clients and attracting new clients; our ability to maintain the competitiveness of our service offerings and meet changing customer needs, including by continuing to invest in, develop and deploy new technologies and digital transformation capabilities; our ability to maintain our corporate culture and attract and retain talent; our ability to integrate, and realize the benefits of, acquisitions that align with our strategy and enhance our core capabilities and solutions; the relative growth rate and size of our target industry verticals; our projected operating and capital expenditure requirements; our ability to manage costs and adjust our cost structure as needed; and the impact of global conditions on our and our clients' businesses, including macroeconomic uncertainty, inflation, interest rates fluctuations and geopolitical conditions. Our financial outlook provides management's best judgement of how trends will impact the business and may not be appropriate for other purposes. Risk factors that may cause actual results to differ materially from current expectations include, among other things: We face intense competition from companies that offer services similar to ours. Our business and financial results have been and could be adversely affected by a number of global conditions and the effects of these same conditions on our clients' businesses and demand for our services. Because the majority of our costs is fixed in the short-term, we may experience a delay in our ability to immediately adjust our cost structure in response to prolonged lower client demand. A limited number of clients account for a significant portion of our revenue and loss of or reduction in business from, or consolidation of, these or any other major clients could have a material adverse effect on our business, financial condition, financial performance and prospects. Our ability to grow and maintain our profitability could be materially affected if changes in technology, including without limitation generative artificial intelligence (GenAI), and client expectations outpace our service offerings and the development of our internal tools and processes or if we are not able to meet the expectations of our clients. Our growth prospects are dependent upon attracting and retaining enough qualified team members to support our operations, and competition for talent is intense. If we cannot maintain our unique culture as we grow, our services, financial performance and business may be harmed. Our business could be adversely affected if we lose members of our senior management. We could be unable to successfully identify, complete, integrate and realize the benefits of acquisitions or manage the associated risks. The unauthorized disclosure of sensitive or confidential client and customer data, through cyberattacks or otherwise, could expose us to protracted and costly litigation, damage to reputation and cause us to lose clients / revenue. Our business may not develop in ways that we currently anticipate due to negative public reaction to offshore outsourcing, content moderation and proposed legislation or otherwise. Our policies, procedures and programs to safeguard the health, safety and security of our team members, particularly our content moderation team members, may not be adequate. Our business would be adversely affected if individuals providing data annotation services through AI Data Solutions were classified as employees (not as independent contractors). The dual-class structure contained in our articles has the effect of concentrating voting control and the ability to influence corporate matters with TELUS. TELUS will, for the foreseeable future, control the TELUS Digital board of directors. The market price of our subordinate voting shares may be affected by low trading volume and the market pricing for our subordinate voting shares may decline as a result of future sales, or the perception of the likelihood of future sales, by us or our shareholders in the public market. These risk factors, as well as other risk factors that may impact our business, financial condition and results of operation, are also described in our 'Risk Factors' section of our Annual Report available on SEDAR+ and in 'Item 3D—Risk Factors' of our Annual Report on Form 20-F filed on February 13, 2025, and available on EDGAR, as updated by our management's discussion and analysis for the three- and six-month periods ended June 30, 2025, which is filed on SEDAR+ and as Exhibit 99.2 to our Form 6-K filed on EDGAR. 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Condensed Interim Consolidated Statements of Financial Position (unaudited) As at (millions) June 30, 2025 December 31, 2024 ASSETS Current assets Cash and cash equivalents $ 151 $ 174 Accounts receivable 491 454 Due from affiliated companies 28 16 Income and other taxes receivable 18 8 Prepaid and other assets 65 42 Current portion of derivative assets 8 13 761 707 Non-current assets Property, plant and equipment, net 507 456 Intangible assets, net 1,344 1,379 Goodwill 1,789 1,926 Derivative assets — 15 Deferred income taxes 12 12 Other long-term assets 26 26 3,678 3,814 Total assets $ 4,439 $ 4,521 LIABILITIES AND OWNERS' EQUITY Current liabilities Accounts payable and accrued liabilities $ 356 $ 321 Due to affiliated companies 314 231 Income and other taxes payable 61 68 Current portion of provisions 49 7 Current maturities of long-term debt 126 116 Current portion of derivative liabilities 1 2 907 745 Non-current liabilities Provisions 114 139 Long-term debt 1,434 1,409 Derivative liabilities 38 — Deferred income taxes 220 256 Other long-term liabilities 32 27 1,838 1,831 Total liabilities 2,745 2,576 Owners' equity 1,694 1,945 Total liabilities and owners' equity $ 4,439 $ 4,521 TELUS International (Cda) Inc. Condensed Interim Consolidated Statements of Cash Flows (unaudited) Three months Six months Periods ended June 30 (millions) 2025 2024 2025 2024 OPERATING ACTIVITIES Net (loss) income $ (272 ) $ (3 ) $ (297 ) $ 25 Adjustments: Depreciation, amortization and impairment of goodwill 310 79 391 158 Interest expense 34 36 64 71 Income tax (recovery) expense (35 ) 4 (35 ) 13 Share-based compensation 6 10 13 11 Changes in business combination-related provisions — (31 ) — (60 ) Change in market value of derivatives and other (44 ) 2 (54 ) (4 ) Net change in non-cash operating working capital 81 43 74 54 Income taxes paid, net (17 ) (16 ) (24 ) (18 ) Cash provided by operating activities 63 124 132 250 INVESTING ACTIVITIES Cash payments for capital assets (30 ) (29 ) (57 ) (51 ) Cash receipts from other assets — 1 — 1 Cash payments for acquisitions (1 ) — (1 ) (3 ) Cash used in investing activities (31 ) (28 ) (58 ) (53 ) FINANCING ACTIVITIES Shares issued 1 1 2 2 Withholding taxes paid related to net share settlement of equity awards (1 ) (1 ) (3 ) (3 ) Long-term debt issued 237 45 387 90 Repayment of long-term debt (241 ) (118 ) (452 ) (212 ) Interest paid on credit facilities (22 ) (24 ) (41 ) (48 ) Cash used in financing activities (26 ) (97 ) (107 ) (171 ) Effect of exchange rate changes on cash and cash equivalents 8 (1 ) 10 (1 ) CASH POSITION Increase (decrease) in cash and cash equivalents 14 (2 ) (23 ) 25 Cash and cash equivalents, beginning of period 137 154 174 127 Non-GAAP reconciliations (unaudited) Three Months Ended J une 30 Six Months Ended J une 30 (millions, except percentages) 2025 2024 2025 2024 Revenue, as reported $ 699 $ 652 $ 1,369 $ 1,309 Foreign exchange impact on current period revenue using prior comparative period's rates (7 ) 3 — — Revenue on a constant currency basis $ 692 $ 655 $ 1,369 $ 1,309 Revenue growth 7 % (2 )% 5 % (3 )% Revenue growth on a constant currency basis 6 % (2 )% 5 % (3 )% Three Months Ended June 30 Six Months Ended June 30 (millions, except per share amounts) 2025 2024 2025 2024 Net (loss) income $ (272 ) $ (3 ) $ (297 ) $ 25 Add back (deduct): Acquisition, integration and other 50 9 56 16 Real estate rationalization-related impairments 3 — 3 — Amortization of purchased intangible assets and impairment of goodwill 267 43 310 85 Interest accretion on written put options 3 3 5 6 Foreign exchange loss 7 5 5 — Tax effect of the adjustments above (42 ) (11 ) (49 ) (21 ) Adjusted Net Income $ 16 $ 46 $ 33 $ 111 Adjusted Basic Earnings Per Share $ 0.06 $ 0.17 $ 0.12 $ 0.41 Adjusted Diluted Earnings Per Share $ 0.06 $ 0.16 $ 0.12 $ 0.38 Three Months Ended June 30 Six Months Ended June 30 (millions, except percentages) 2025 2024 2025 2024 Net (loss) income $ (272 ) $ (3 ) $ (297 ) $ 25 Add back (deduct): Acquisition, integration and other 50 9 56 16 Depreciation and amortization and impairment of goodwill 310 79 391 158 Interest expense 34 36 64 71 Foreign exchange loss 7 5 5 — Income tax (recovery) expense (35 ) 4 (35 ) 13 Adjusted EBITDA $ 94 $ 130 $ 184 $ 283 Net (loss) income margin (38.9 )% (0.5 )% (21.7 )% 1.9 % Adjusted EBITDA Margin 13.4 % 19.9 % 13.4 % 21.6 % Three Months Ended June 30 Six Months Ended June 30 (millions) 2025 2024 2025 2024 Cash provided by operating activities $ 63 $ 124 $ 132 $ 250 Less: capital expenditures (30 ) (29 ) (57 ) (51 ) Free Cash Flow $ 33 $ 95 $ 75 $ 199 As at (millions, except for ratio) June 30, 2025 December 31, 2024 Outstanding credit facility $ 1,280 $ 1,284 Contingent facility utilization 7 7 Contingent liability related to M&A (cash component) 5 — Net derivative liabilities 29 2 Cash balance 1 (150 ) (150 ) Net Debt as per credit agreement $ 1,171 $ 1,143 Adjusted EBITDA (trailing 12 months) $ 382 $ 481 Adjustments required as per credit agreement $ (70 ) $ (124 ) Net Debt to Adjusted EBITDA Leverage Ratio as per credit agreement 3.75 3.20 1 Maximum cash balance permitted as a reduction to net debt, as per the credit agreement, is $150 million. About TELUS Digital TELUS Digital (NYSE & TSX: TIXT) crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for our clients. We are the brand behind the brands. Our global team members are both passionate ambassadors of our clients' products and services, and technology experts resolute in our pursuit to elevate their end customer journeys, solve business challenges, mitigate risks, and drive continuous innovation. Our portfolio of end-to-end, integrated capabilities include customer experience management, digital solutions, such as cloud solutions, AI-fueled automation, front-end digital design and consulting services, AI & data solutions, including computer vision, and trust, safety and security services. Fuel iX TM is TELUS Digital's proprietary platform and suite of products for clients to manage, monitor, and maintain generative AI across the enterprise, offering both standardized AI capabilities and custom application development tools for creating tailored enterprise solutions. Powered by purpose, TELUS Digital leverages technology, human ingenuity and compassion to serve customers and create inclusive, thriving communities in the regions where we operate around the world. Guided by our Humanity-in-the-Loop principles, we take a responsible approach to the transformational technologies we develop and deploy by proactively considering and addressing the broader impacts of our work. Learn more at:
Globe and Mail
3 hours ago
- Globe and Mail
TELUS Reports Q2 2025 Growth and Strategic Infrastructure Sale
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Telus ( (TSE:T)) has shared an announcement. On August 1, 2025, TELUS Corporation announced its second-quarter 2025 financial results, highlighting a 2% increase in consolidated operating revenues to $5.1 billion, driven by strong customer growth in its mobile and fixed services. The company reported an 11% rise in free cash flow and reaffirmed its financial targets for 2025. TELUS also announced a significant transaction with La Caisse, selling a 49.9% stake in its wireless tower infrastructure operator Terrion for $1.26 billion, which is expected to aid in reducing its leverage ratio. Despite recognizing a $500 million impairment related to TELUS Digital, the company remains focused on sustainable growth and enhancing shareholder value. The most recent analyst rating on (TSE:T) stock is a Buy with a C$24.00 price target. To see the full list of analyst forecasts on Telus stock, see the TSE:T Stock Forecast page. Spark's Take on TSE:T Stock According to Spark, TipRanks' AI Analyst, TSE:T is a Neutral. Telus exhibits strong financial performance with effective cost management and cash flow generation. The technical analysis suggests stable market conditions, while the high dividend yield adds attractiveness despite a higher P/E ratio. Positive corporate events further enhance Telus's financial strategy and market standing. To see Spark's full report on TSE:T stock, click here. More about Telus TELUS Corporation is a leading Canadian telecommunications company that provides a wide range of telecommunications products and services including mobile and fixed-line services, internet, and television. The company is also heavily invested in health technology through its TELUS Health segment, and it focuses on expanding its PureFibre connectivity across Canada. Average Trading Volume: 3,512,550 Technical Sentiment Signal: Strong Buy Current Market Cap: C$34.04B Learn more about T stock on TipRanks' Stock Analysis page.
