Latest news with #PEAKMatrix®Assessment
Business Wire
20-05-2025
- Business
- Business Wire
Insurity Recognized as a Leader in Everest Group's PEAK Matrix
HARTFORD, Conn.--(BUSINESS WIRE)-- Insurity, a leading provider of cloud-based software for property and casualty (P&C) insurers, brokers, and MGAs, today announced that it has been recognized as a Leader in the Everest Group PEAK Matrix ® Assessment for AI-Enabled Claims Management Systems for P&C Insurance. Everest Group's evaluation assessed multiple criteria, including providers' vision and strategy, technology capabilities, flexibility of deployment, customer engagement models, support services, and the overall value delivered to clients. Insurity's position as a Leader reflects its high technical sophistication, robust product delivery, and significant market traction in helping insurers modernize and streamline claims operations through AI. Insurity Claims stood out for its comprehensive, configurable platform and consistent growth in market adoption. 'Being named a Leader by Everest Group in AI-enabled claims management is a direct reflection of our deep commitment to delivering innovation that drives measurable results for our customers,' said Sylvester Mathis, Chief Insurance and Revenue Officer at Insurity. 'This recognition affirms that our investments in AI, automation, and user-centric design are meeting the real needs of P&C insurers. We're proud to help our customers accelerate decision-making, reduce claims leakage, and improve the policyholder experience across every touchpoint.' Insurity Claims is an AI-powered claims solution that combines intelligent automation, intuitive workflows, and seamless integration across the insurance value chain. This enables carriers and MGAs to reduce operational friction, increase speed to resolution, and scale efficiently in a dynamic market. To learn more about how Insurity Claims can benefit your organization, please contact About Insurity Insurity is a leading provider of cloud-based software for insurance carriers, brokers, and MGAs. Insurity is trusted by 22 of the top 25 P&C carriers and 7 of the top 10 MGAs in the US and has over 400 cloud-based deployments. Through its best-in-class digital platform, unrivaled industry experience, and the industry's most robust analytics offerings, Insurity is uniquely positioned to deliver exceptional value, empowering customers to focus on their core businesses, optimize their operations, and provide superior policyholder experiences. Insurity is a portfolio company of GI Partners and TA Associates. For more information, visit
Business Wire
11-05-2025
- Business
- Business Wire
Workhuman Ignites Industry Momentum as the Undisputed Leader in Employee Recognition
FRAMINGHAM, Mass. & DUBLIN--(BUSINESS WIRE)--In a bold validation of its innovative approach to culture-building through employee recognition, Workhuman®, the world's leading employee recognition company, has been named the #1 vendor in employee recognition by G2 in their Spring 2025 Enterprise Grid® for Employee Recognition Software report and Star Performer in Everest Group's 2025 Rewards and Recognition (R&R) PEAK Matrix® Assessment. These dual accolades confirm what the market is already saying: when it comes to driving culture transformation and business performance through recognition, there is Workhuman—and then there is everyone else. Recognition is evolving from a discretionary initiative to an integral part of talent management strategies. Share Purpose-Built for Impact, Not Just Points Everest Group evaluated more than 30 vendors for its R&R Solutions PEAK Matrix and named Workhuman as the only Star Performer in the Leaders category. While others offer rewards programs dressed as culture platforms, Workhuman delivers the only true system of record for culture—anchored in behavioral data, AI-powered insights, and measurable outcomes that matter to the C-suite. Everest Group cited Workhuman's innovation across AI and analytics as key drivers of its Star Performer designation. Here's why: Inclusion Advisor: Real-time micro-coaching that reduces bias and transforms how people communicate—strengthening inclusion across every recognition moment. Workhuman iQ: Embedded AI that delivers live, actionable workforce insights—helping leaders see trends, risks, and opportunities as they happen. The Workhuman Store: The most expansive, personalized global rewards marketplace in the industry—driving higher redemption, deeper engagement, and lasting emotional impact. In Everest Group's 2025 report, Workhuman was the only vendor named a 'Star Performer' among industry Leaders, recognized for unmatched innovation, pricing model transparency, and customer ROI. "Recognition is evolving from a discretionary initiative to an integral part of talent management strategies. Workhuman has demonstrated strong capabilities in embedding AI-driven insights — including NLP-based skill inference and intelligent talent assistants — into its recognition and rewards solutions," says Priyanka Mitra, a Vice President at Everest Group. "Additionally, its ROI-based pricing model, combined with the Workhuman Guarantee, reinforces its focus on delivering measurable business outcomes, ensuring organizations see tangible value from their investments. Workhuman's advanced analytics, generative AI enhancements, and its integration with broader HR technology ecosystems contribute to its differentiated positioning. These strengths have supported Workhuman's placement as a Leader and Star Performer in Everest Group's R&R PEAK Matrix Assessment 2025." Everest Group also named Workhuman a Major Contender in its 2025 Skills Intelligence Platforms PEAK Matrix®, the only recognition platform to earn this designation—validating the organization's ability to turn everyday appreciation into predictive talent insights. Proof That Resonates: G2's #1 Spot (Again) In parallel, for the sixth consecutive quarter, Workhuman has been ranked the #1 Employee Recognition Software by G2, the leading platform for peer-driven software reviews. With more than 1,600 verified customer reviews and consistent leadership across global markets, Workhuman continues to set the standard for excellence, trust, and impact in the recognition category. More Than a Platform—A Strategic Advantage 'We're helping the most respected organizations in the world move beyond generic recognition,' said Grant Beckett, SVP of Corporate Strategy & Partnerships at Workhuman. 'These accolades from G2 and Everest Group reinforce what sets us apart: our platform is designed to improve performance, retention, and culture at scale—and we prove it with data and an ROI Guarantee.' Recognition is no longer a 'nice to have.' It's the new engine of performance—and Workhuman is the only platform built to run it. As leaders look to drive culture at scale, unlock talent, and move the business forward, Workhuman gives them the visibility and velocity to lead with confidence. About Workhuman Workhuman® is the world's leading recognition and rewards platform, serving organizations of all sizes—from the Fortune 500 to fast-growing mid-market companies—across more than 180 countries. With over 25 years of category leadership, we support 7 million employees worldwide and have facilitated more than 100 million moments of connection that elevate culture and drive performance. With over a decade of consistent profitability, Workhuman® stands as proof that investing in people delivers lasting business value. Our pioneering Human Intelligence™ technology transforms recognition into strategic insight, empowering organizations to unlock the full potential of their people while driving measurable business impact and culture transformation. Learn more at
Business Wire
09-05-2025
- Business
- Business Wire
TaskUs Announces Fiscal First Quarter 2025 Results
NEW BRAUNFELS, Texas--(BUSINESS WIRE)--TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience to the world's most innovative companies, today announced its results for the first quarter ended March 31, 2025. Total revenues of $277.8 million, 22.1% year-over-year growth. Exceeding the top-end of our guidance by $5.8 million. 22.1% year-over-year growth. Exceeding the top-end of our guidance by $5.8 million. Net income of $21.1 million , net income margin of 7.6%. , net income margin of 7.6%. Adjusted Net Income of $35.9 million , Adjusted Net Income margin of 12.9%. , Adjusted Net Income margin of 12.9%. Diluted EPS of $0.23 , Adjusted EPS of $0.38. , Adjusted EPS of $0.38. Adjusted EBITDA of $59.3 million , Adjusted EBITDA margin of 21.3%. Exceeding our guidance by 130 basis point, or 9.4%. , Adjusted EBITDA margin of 21.3%. Exceeding our guidance by 130 basis point, or 9.4%. Net cash provided by operating activities of $36.3 million, Free Cash Flow of $21.8 million and 36.8% conversion of Adjusted EBITDA to Free Cash Flow. Adjusted Free Cash Flow of $22.4 million and 37.9% conversion of Adjusted EBITDA to Adjusted Free Cash Flow. First Quarter 2025 Financial and Frontline Highlights ($ in thousands, except per share amounts) Three months ended March 31, 2025 2024 % Change Service revenue $ 277,792 $ 227,470 22.1 % Net income $ 21,148 $ 11,714 80.5 % Net income margin 7.6 % 5.1 % Adjusted Net Income $ 35,938 $ 27,272 31.8 % Adjusted Net Income margin 12.9 % 12.0 % Diluted EPS $ 0.23 $ 0.13 76.9 % Adjusted EPS $ 0.38 $ 0.30 26.7 % Adjusted EBITDA $ 59,272 $ 50,605 17.1 % Adjusted EBITDA margin 21.3 % 22.2 % Net cash provided by operating activities $ 36,276 $ 51,177 (29.1 )% Free Cash Flow $ 21,796 $ 47,605 (54.2 )% Conversion of Adjusted EBITDA to Free Cash Flow 36.8 % 94.1 % Adjusted Free Cash Flow $ 22,438 $ 47,605 (52.9 )% Conversion of Adjusted EBITDA to Adjusted Free Cash Flow 37.9 % 94.1 % Expand All three service lines delivered double-digit year-over-year revenue growth in Q1. With greater than 50% year-over-year growth, AI Services is now TaskUs' fastest growing service line. Trust + Safety year-over-year revenue growth remained above 30% for the fifth consecutive quarter. Recognized as a Leader in Everest Group's Trust and Safety Services PEAK Matrix ® Assessment for the third consecutive year. Assessment for the third consecutive year. Added 2,400 teammates since the fourth quarter, ending the first quarter of 2025 with 61,400 teammates. Transaction Announcement In a separate press release issued today, TaskUs announced that it has entered into a definitive agreement to be acquired by an affiliate of Blackstone, TaskUs' Co-Founder and Chief Executive Officer, Bryce Maddock, and TaskUs' Co-Founder and President, Jaspar Weir (the 'Buyer Group'). In light of the announced transaction, TaskUs will no longer be holding its previously scheduled earnings conference call and webcast and is withdrawing its previously announced full year 2025 outlook. The Company will post an Excel-based financial metrics file on its investor relations website later today. TaskUs expects to complete this transaction in the second half of 2025, subject to customary closing conditions and approvals, including the receipt of required regulatory approvals and required stockholder approvals (including the approval of the holders of common stock of the Company not owned by the Buyer Group). About TaskUs TaskUs is a leading provider of outsourced digital services and next-generation customer experience to the world's most innovative companies, helping its clients represent, protect and grow their brands. Leveraging a cloud-based infrastructure, TaskUs serves clients in the fast-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ride-sharing, technology, financial services and healthcare. As of March 31, 2025, TaskUs had a worldwide headcount of approximately 61,400 people across 28 locations in 12 countries, including the United States, the Philippines, and India. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and further include, without limitation, statements reflecting our current views with respect to, among other things, our operations, our financial performance, our industry, the impact of the macroeconomic environment on our business, and other non-historical statements. In some cases, you can identify these forward-looking statements by the use of words such as 'outlook,' 'believes,' 'expects,' 'potential,' 'continues,' 'may,' 'will,' 'should,' 'could,' 'would,' 'seeks,' 'predicts,' 'intends,' 'trends,' 'plans,' 'estimates,' 'anticipates,' 'position us' or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to: the risk that the proposed transaction may not be completed in a timely manner or at all; the failure to receive, on a timely basis or otherwise, the required approvals of the proposed transaction by our stockholders; the possibility that any or all of the various conditions to the consummation of the proposed transaction may not be satisfied or waived, including the termination or expiration of any required waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; the possibility that competing offers or acquisition proposals for TaskUs will be made; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive transaction agreement relating to the proposed transaction, including in circumstances which would require us to pay a termination fee; the effect of the announcement or pendency of the proposed transaction on our ability to attract, motivate or retain key executives and associates, our ability to maintain relationships with our customers, vendors, service providers and others with whom we do business, or our operating results and business generally; the potential impact of certain provisions of the merger agreement on our liquidity and ability to fund our operations during the pendency of the proposed transaction; risks related to the proposed transaction diverting management's attention from our ongoing business operations; the risk of shareholder litigation in connection with the proposed transaction, including resulting expense or delay; the dependence of our business on key clients; the risk of loss of business or non-payment from clients; our failure to cost-effectively acquire new clients; the risk that we may provide inadequate service or cause disruptions in our clients' businesses or fail to comply with the quality standards required by our clients under our agreements; our inability to anticipate clients' needs by adapting to market and technology trends; utilization of artificial intelligence by our clients or our failure to incorporate artificial intelligence into our operations; unauthorized or improper disclosure of personal or other sensitive information, or security breaches and incidents; negative publicity or liability or difficulty recruiting and retaining employees; our failure to detect and deter criminal or fraudulent activities or other misconduct by our employees or third parties; global economic and political conditions, especially in the social media and meal delivery and transport industries from which we generate significant revenue; the dependence of our business on our international operations, particularly in the Philippines and India; our failure to comply with applicable data privacy and security laws and regulations; fluctuations against the U.S. dollar in the local currencies in the countries in which we operate; our inability to maintain and enhance our brand; competitive pricing pressure; our dependence on senior management and key employees; increases in employee expenses and changes to labor laws; failure to attract, hire, train and retain a sufficient number of skilled employees to support operations; our inability to effectively expand our operations into countries or industries in which we have no prior operating experience and in which we may be subject to increased business, economic and regulatory risks; reliance on owned and third-party technology and computer systems; failure to maintain asset utilization levels, price appropriately and control costs; the control of affiliates of Blackstone Inc. and our Co-Founders over us; the dual class structure of our common stock; and the volatility of the market price of our Class A common stock. Additional risks and uncertainties include but are not limited to those described under 'Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the 'SEC') on March 6, 2025, as such factors may be updated from time to time in our filings with the SEC, which are accessible on the SEC's website at These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company's SEC filings. TaskUs undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law. Non-GAAP Measures TaskUs supplements results reported in accordance with United States generally accepted accounting principles ('GAAP'), with non-GAAP financial measures, such as Adjusted Net Income, Adjusted Net Income Margin, Adjusted Earnings Per Share, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Adjusted Free Cash Flow, Conversion of Adjusted EBITDA to Free Cash Flow and Conversion of Adjusted EBITDA to Adjusted Free Cash Flow. Management believes these measures help illustrate underlying trends in TaskUs' business and uses the measures to establish budgets and operational goals, communicate internally and externally, and manage TaskUs' business and evaluate its performance. Management also believes that certain of these measures help investors compare TaskUs' operating performance with its results in prior periods or assess liquidity. TaskUs anticipates that it will continue to report both GAAP and certain non-GAAP financial measures in its financial results, including non-GAAP results that exclude the impact of certain costs, losses and gains that are required to be included in our profit and loss measures under GAAP. Because TaskUs' reported non-GAAP financial measures are not calculated in accordance with GAAP, these measures are not comparable to GAAP and may not be comparable to similarly described non-GAAP measures reported by other companies within TaskUs' industry. Consequently, TaskUs' non-GAAP financial measures should not be evaluated in isolation or supplant comparable GAAP measures, but rather, should be considered together with the information in TaskUs' consolidated financial statements, which are prepared in accordance with GAAP. Definitions of non-GAAP financial measures and the reconciliations to the most directly comparable measures in accordance with GAAP are provided in subsequent sections of this press release narrative and supplemental schedules. Additional Information and Where to Find it This communication may be deemed to be solicitation material in respect of the proposed acquisition of the Company by Breeze Merger Corporation. In connection with the proposed transaction, the Company intends to file relevant materials with the SEC, including the Company's proxy statement in preliminary and definitive form. In addition, the Company and certain affiliates of the Company intend to jointly file a transaction statement on Schedule 13E-3 (the 'Schedule 13E-3'). INVESTORS AND STOCKHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE COMPANY'S PROXY STATEMENT AND SCHEDULE 13E-3 (IF AND WHEN THEY BECOME AVAILABLE), BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders are or will be able to obtain the documents (if and when available) free of charge either from the SEC's website at or from the Company's Investor Relations webpage at Participants in the Solicitation The Company and its directors, executive officers and other members of management and employees, under SEC rules, will be deemed to be 'participants' in the solicitation of proxies from stockholders of the Company in favor of the proposed transaction. Information about the Company's directors and executive officers is set forth in the Company's Proxy Statement on Schedule 14A for its 2025 Annual Meeting of Shareholders, which was filed with the SEC on April 8, 2025 (available here), under the sections 'Executive and Director Compensation', 'Beneficial Ownership of Securities' and 'Certain Relationships and Related Person Transactions'. To the extent holdings of the Company's securities by its directors or executive officers have changed since the amounts set forth in such 2025 proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. Additional information concerning the interests of the Company's participants in the solicitation, which may, in some cases, be different than those of the Company's stockholders generally, will be set forth in the Company's proxy statement relating to the proposed transaction when it becomes available. TaskUs, Inc. Condensed Consolidated Statements of Income (unaudited) (in thousands, except per share data) Three months ended March 31, 2025 2024 Service revenue $ 277,792 $ 227,470 Operating expenses: Cost of services 171,181 135,411 Selling, general and administrative expense 57,424 52,904 Depreciation 10,003 10,789 Amortization of intangible assets 4,976 4,985 Gain on disposal of assets (30 ) (177 ) Total operating expenses 243,554 203,912 Operating income 34,238 23,558 Other income, net (173 ) (202 ) Financing expenses 4,663 5,538 Income before income taxes 29,748 18,222 Provision for income taxes 8,600 6,508 Net income $ 21,148 $ 11,714 Net income per common share: Basic $ 0.23 $ 0.13 Diluted $ 0.23 $ 0.13 Weighted-average number of common shares outstanding: Basic 90,040,348 88,795,211 Diluted 93,655,539 91,849,886 Expand TaskUs, Inc. Condensed Consolidated Balance Sheets (unaudited) (in thousands) March 31, 2025 December 31, 2024 Assets Current assets: Cash and cash equivalents $ 196,852 $ 192,166 Accounts receivable, net of allowance for credit losses of $1,582 and $1,299, respectively 206,011 198,996 Income tax receivable 784 912 Prepaid expenses and other current assets 52,025 43,278 Total current assets 455,672 435,352 Noncurrent assets: Property and equipment, net 77,175 66,775 Operating lease right-of-use assets 50,854 47,334 Deferred tax assets 8,496 8,431 Intangibles 167,859 172,525 Goodwill 217,670 216,791 Other noncurrent assets 7,738 6,090 Total noncurrent assets 529,792 517,946 Total assets $ 985,464 $ 953,298 Liabilities and Shareholders' Equity Liabilities: Current liabilities: Accounts payable and accrued liabilities $ 56,127 $ 53,403 Accrued payroll and employee-related liabilities 50,936 54,160 Current portion of debt 16,497 14,809 Current portion of operating lease liabilities 17,800 16,087 Current portion of income tax payable 13,902 9,839 Deferred revenue 3,506 3,727 Total current liabilities 158,768 152,025 Noncurrent liabilities: Income tax payable 9,141 6,496 Long-term debt 236,389 241,357 Operating lease liabilities 35,433 32,946 Accrued payroll and employee-related liabilities 6,963 6,425 Deferred tax liabilities 18,457 17,046 Other noncurrent liabilities 2 84 Total noncurrent liabilities 306,385 304,354 Total liabilities 465,153 456,379 Total shareholders' equity 520,311 496,919 Total liabilities and shareholders' equity $ 985,464 $ 953,298 Expand TaskUs, Inc. Condensed Consolidated Statement of Cash Flows (unaudited) (in thousands) Three months ended March 31, 2025 2024 Cash flows from operating activities: Net income $ 21,148 $ 11,714 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 10,003 10,789 Amortization of intangibles 4,976 4,985 Amortization of debt financing fees 149 149 Gain on disposal of assets (30 ) (177 ) Provision for (benefit from) credit losses 283 (258 ) Unrealized foreign exchange losses on forward contracts — 1,497 Deferred taxes 74 (1,094 ) Stock-based compensation expense 8,749 10,235 Changes in operating assets and liabilities: Accounts receivable (6,657 ) 11,296 Prepaid expenses and other current assets (5,489 ) (331 ) Operating lease right-of-use assets 4,668 3,941 Other noncurrent assets (1,613 ) 207 Accounts payable and accrued liabilities 1,380 (3,866 ) Accrued payroll and employee-related liabilities (3,695 ) 805 Operating lease liabilities (4,020 ) (4,374 ) Income tax payable 6,659 5,614 Deferred revenue (228 ) 47 Other noncurrent liabilities (81 ) (2 ) Net cash provided by operating activities 36,276 51,177 Cash flows from investing activities: Purchase of property and equipment (14,480 ) (3,572 ) Net cash used in investing activities (14,480 ) (3,572 ) Cash flows from financing activities: Payments on long-term debt (3,375 ) (1,688 ) Proceeds from employee stock plans 218 195 Payments for taxes related to net share settlement (5,114 ) (1,574 ) Payments for stock repurchases (9,684 ) (2,597 ) Net cash used in financing activities (17,955 ) (5,664 ) Increase in cash and cash equivalents 3,841 41,941 Effect of exchange rate changes on cash 845 (2,367 ) Cash and cash equivalents at beginning of period 192,166 125,776 Cash and cash equivalents at end of period $ 196,852 $ 165,350 Expand TaskUs, Inc. Non-GAAP Reconciliations Adjusted EBITDA (unaudited) (in thousands, except margin amounts) Three months ended March 31, 2025 2024 Net income $ 21,148 $ 11,714 Provision for income taxes 8,600 6,508 Financing expenses 4,663 5,538 Depreciation 10,003 10,789 Amortization of intangible assets 4,976 4,985 EBITDA $ 49,390 $ 39,534 Operational efficiency costs(1) 303 — Foreign currency losses(2) 1,310 1,014 Gain on disposal of assets (30 ) (177 ) Severance costs(3) 679 487 Litigation costs(4) — 300 Stock-based compensation expense(5) 9,218 10,564 Interest income(6) (1,598 ) (1,117 ) Adjusted EBITDA $ 59,272 $ 50,605 Net Income Margin(7) 7.6 % 5.1 % Adjusted EBITDA Margin(7) 21.3 % 22.2 % Expand (1) Represents professional service fees related to certain efforts to enhance efficiency of client delivery and operations support. (2) Realized and unrealized foreign currency losses include the effect of fair market value changes of forward contracts not designated as hedging instruments and remeasurement of U.S. dollar-denominated accounts to foreign currency. (3) Represents severance payments as a result of certain cost optimization measures we undertook during the period to restructure support roles. (4) Represents only those litigation costs that are considered non-recurring and outside of the ordinary course of business. (5) Represents stock-based compensation expense, as well as associated payroll tax. (6) Represents interest earned on short-term savings, time-deposits and money market funds. (7) Net Income Margin represents net income divided by service revenue and Adjusted EBITDA Margin represents Adjusted EBITDA divided by service revenue. Expand TaskUs, Inc. Non-GAAP Reconciliations Adjusted Net Income (unaudited) (in thousands, except margin amounts) Three months ended March 31, 2025 2024 Net income $ 21,148 $ 11,714 Amortization of intangible assets 4,976 4,985 Operational efficiency costs(1) 303 — Foreign currency losses(2) 1,310 1,014 Gain on disposal of assets (30 ) (177 ) Severance costs(3) 679 487 Litigation costs(4) — 300 Stock-based compensation expense(5) 9,218 10,564 Tax impacts of adjustments(6) (1,666 ) (1,615 ) Adjusted Net Income $ 35,938 $ 27,272 Net Income Margin(7) 7.6 % 5.1 % Adjusted Net Income Margin(7) 12.9 % 12.0 % Expand (1) Represents professional service fees related to certain efforts to enhance efficiency of client delivery and operations support. (2) Realized and unrealized foreign currency losses include the effect of fair market value changes of forward contracts not designated as hedging instruments and remeasurement of U.S. dollar-denominated accounts to foreign currency. (3) Represents severance payments as a result of certain cost optimization measures we undertook during the period to restructure support roles. (4) Represents only those litigation costs that are considered non-recurring and outside of the ordinary course of business. (5) Represents stock-based compensation expense, as well as associated payroll tax. (6) Represents tax impacts of adjustments to net income which resulted in a tax benefit during the period, including stock-based compensation expense and litigation costs. After these adjustments, we applied a non-GAAP effective tax rate of 25.7% and 27.5% for the three months ended March 31, 2025 and 2024, respectively, to non-GAAP income before income taxes. (7) Net Income Margin represents net income divided by service revenue and Adjusted Net Income Margin represents Adjusted Net Income divided by service revenue. Expand TaskUs, Inc. Non-GAAP Reconciliations Adjusted EPS (unaudited) Three months ended March 31, 2025 2024 GAAP diluted EPS $ 0.23 $ 0.13 Per share adjustments to net income(1) 0.15 0.17 Adjusted EPS $ 0.38 $ 0.30 Weighted-average common shares outstanding – diluted 93,655,539 91,849,886 Expand (1) Reflects the aggregate adjustments made to reconcile net income to Adjusted Net Income, as noted in the above table, divided by the GAAP diluted weighted-average number of shares outstanding for the relevant period. Expand TaskUs, Inc. Non-GAAP Reconciliations Free Cash Flow (unaudited) (in thousands, except percentages) Three months ended March 31, 2025 2024 Net cash provided by operating activities $ 36,276 $ 51,177 Purchase of property and equipment (14,480 ) (3,572 ) Free Cash Flow $ 21,796 $ 47,605 Payment for litigation costs 642 — Adjusted Free Cash Flow $ 22,438 $ 47,605 Conversion of Adjusted EBITDA to Free Cash Flow(1) 36.8 % 94.1 % Conversion of Adjusted EBITDA to Adjusted Free Cash Flow(1) 37.9 % 94.1 % Expand (1) Conversion of Adjusted EBITDA to Free Cash Flow represents Free Cash Flow divided by Adjusted EBITDA Conversion of Adjusted EBITDA to Adjusted Free Cash Flow represents Adjusted Free Cash Flow divided by Adjusted EBITDA. Expand Definitions of Non-GAAP Metrics EBITDA and Adjusted EBITDA EBITDA is a non-GAAP profitability measure that represents net income or loss for the period before the impact of the benefit from or provision for income taxes, financing expenses, depreciation, and amortization of intangible assets. EBITDA eliminates potential differences in performance caused by variations in capital structures (affecting financing expenses), tax positions (such as the availability of net operating losses against which to relieve taxable profits), the cost and age of tangible assets (affecting relative depreciation expense) and the extent to which intangible assets are identifiable (affecting relative amortization expense). Adjusted EBITDA is a non-GAAP profitability measure that represents EBITDA before certain items that are considered to hinder comparison of the performance of our business on a period-over-period basis or with other businesses. During the periods presented, we excluded from Adjusted EBITDA operational efficiency costs, the effect of foreign currency gains and losses, gains and losses on disposals of assets, certain severance costs, certain non-recurring litigation costs, stock-based compensation expense and associated employer payroll tax and interest income, which include costs that are required to be expensed in accordance with GAAP. Our management believes that the inclusion of supplementary adjustments to EBITDA applied in presenting Adjusted EBITDA are appropriate to provide additional information to investors about certain material non-cash items and about unusual items that we do not expect to continue at the same level in the future. Adjusted EBITDA Margin represents Adjusted EBITDA divided by service revenue. Adjusted Net Income Adjusted Net Income is a non-GAAP profitability measure that represents net income or loss for the period before the impact of amortization of intangible assets and certain items that are considered to hinder comparison of the performance of our businesses on a period-over-period basis or with other businesses. During the periods presented, we excluded from Adjusted Net Income amortization of intangible assets, operational efficiency costs, the effect of foreign currency gains and losses, gains and losses on disposals of assets, certain severance costs, certain non-recurring litigation costs, stock-based compensation expense and associated employer payroll tax and the related effect on income taxes of certain pre-tax adjustments, which include costs that are required to be expensed in accordance with GAAP. Our management believes that the inclusion of supplementary adjustments to net income applied in presenting Adjusted Net Income are appropriate to provide additional information to investors about certain material non-cash items and about unusual items that we do not expect to continue at the same level in the future. Adjusted Net Income Margin represents Adjusted Net Income divided by service revenue. Adjusted EPS Adjusted EPS is a non-GAAP profitability measure that represents earnings available to shareholders excluding the impact of certain items that are considered to hinder comparison of the performance of our business on a period-over-period basis or with other businesses. Adjusted EPS is calculated as Adjusted Net Income divided by our diluted weighted-average number of shares outstanding. Our management believes that the inclusion of supplementary adjustments to earnings per share applied in presenting Adjusted EPS are appropriate to provide additional information to investors about certain material non-cash items and about unusual items that we do not expect to continue at the same level in the future. Free Cash Flow Free Cash Flow is a non-GAAP liquidity measure that represents our ability to generate additional cash from our business operations. Free Cash Flow is calculated as net cash provided by operating activities in the period minus cash used for purchase of property and equipment in the period. Our management believes that the inclusion of this non-GAAP measure, when considered with our GAAP results, provides management and investors with an additional understanding of our ability to generate additional cash for ongoing business operations and other capital deployment. Adjusted Free Cash Flow is a non-GAAP liquidity measure that represents Free Cash Flow before the payment of certain litigation costs, that are considered non-recurring and outside of the ordinary course of business, which would hinder comparison of the performance of our business on a period-over-period basis or with other businesses. Our management believes that the inclusion of these supplementary adjustments to Free Cash Flow are appropriate to provide additional information to investors about these unusual items that we do not expect to continue at the same level in the future. Conversion of Adjusted EBITDA to Free Cash Flow represents Free Cash Flow divided by Adjusted EBITDA. Conversion of Adjusted EBITDA to Adjusted Free Cash Flow represents Adjusted Free Cash Flow divided by Adjusted EBITDA.
Cision Canada
29-04-2025
- Business
- Cision Canada
DXC Ranked Top Individual Life Insurance Core Technology Provider by Everest Group
ASHBURN, Va., April 29, 2025 /CNW/ - DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has been ranked as a top provider in Everest Group's "Individual Life Insurance Core Technology Products PEAK Matrix ® Assessment 2025: North America." This acknowledgment underscores DXC's leadership in helping insurers modernize their operations to improve the customer experience, optimize business processes, and reduce costs. In a new report by global research and analyst firm Everest Group, DXC's ability to deliver flexible, easy-to-consume software-as-a-service models was highlighted as a key differentiator. DXC serves over 1,000 insurance clients and has processed more than one billion policies on its platforms, representing 10% of the world's premiums. DXC has also been previously recognized by Everest for insurance offerings, most recently in 2024 as a top Life & Annuity Insurance Technology provider. "We're delivering measurable value across nearly every stage of the insurance lifecycle. Our continued success in insurance technology reflects DXC's unwavering commitment to innovation, customer-centric solutions, and operational excellence. As the industry evolves, we're proud to help our clients stay ahead—setting new standards for what's possible," said Ray August, President, Insurance Software & BPS at DXC Technology. The PEAK Matrix ® is a framework to assess insurance providers' relative market success and overall capability. The assessment is based on a comprehensive evaluation of 14 leading technology providers supporting the industry with administration systems, digital transformation capabilities and next-generation solutions. Leaders are placed based on their market impact, vision, and capability. "DXC Technology's investments in blending deep legacy system expertise with modern, cloud-native SaaS solutions for life and annuity carriers enables it to support scaled policy migrations and transformations," said Vigitesh Tewary, Practice Director at Everest Group. "Its Assure suite, including the cloud-native Assure Life+ offering that supports product deployment and launch across a portfolio of life, annuity, and savings products; AI-powered capabilities across underwriting, claims, and fraud that improve operational efficiency; as well as business process management capabilities on top of its platform have contributed to DXC's positioning as a Leader in Everest Group's Individual Life Insurance Core Technology Products PEAK Matrix ® Assessment 2025 – North America." With over 40 years of innovation in the insurance industry, DXC stands as the leading provider of core insurance systems. 21 of the world's top 25 insurers rely on DXC to deliver solutions that allow them to solve essential business challenges and stay focused on delivering mission-critical work. Trusted by 80% of insurers in Fortune's Global 500, DXC helps insurance companies confidently navigate disruption and drive operational excellence. An excerpt of Everest Group's report is available to view here. To learn more about DXC's insurance services, visit our website. About DXC Technology DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world's largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at
Business Wire
24-04-2025
- Business
- Business Wire
ImageSource Recognized as an Aspirant in Everest Group's 2025 Intelligent Document Processing (IDP) PEAK Matrix® Assessment
OLYMPIA, Wash.--(BUSINESS WIRE)--ImageSource, Inc., the enterprise automation company behind the ILINX® platform, announced today its recognition as an Aspirant in the 2025 Everest Group Intelligent Document Processing (IDP) PEAK Matrix® Assessment. This inaugural appearance underscores ImageSource's growing momentum in delivering intelligent content automation, particularly in high-compliance business processes and industries such as government and financial services. "Being named an Aspirant on the Everest Group IDP PEAK Matrix® is an important milestone for our team,' said Terry Sutherland, CEO of ImageSource. 'This recognition validates our commitment to delivering trusted, results-driven automation to customers." The annual PEAK Matrix® Assessment by Everest Group evaluates technology providers based on their market impact, vision, and capability to deliver intelligent document processing solutions. As an Aspirant, ImageSource has been recognized for its deep domain expertise, configurable workflows and customer-centric approach to transforming how organizations extract, classify and act on information across content types, systems and outcomes. 'Being named an Aspirant on the Everest Group IDP PEAK Matrix® is an important milestone for our team,' said Terry Sutherland, CEO of ImageSource. 'We've made strategic investments in AI innovation, expanding ILINX capabilities with retrieval-augmented generation (RAG), domain-specific language model (DSLM) and visual language model (VLM) creation, with no-code design tools and hybrid deployment models which make intelligent document processing faster, more accurate and secure. This recognition validates our commitment to delivering trusted, results-driven automation to our customers.' ImageSource's ILINX platform leverages machine learning, natural language processing and intelligent data extraction to accelerate time to value across diverse use cases — ranging from claims and invoice processing to licensing, permitting and benefits eligibility. The company's unique end-to-end content pipeline, from acquisition to intelligent document processing to retention, make AI-powered processes a reality on data specific to an organization. In addition to its technology strengths, ImageSource was recognized for its strong implementation track record and longstanding partnerships with public sector organizations and Fortune 500 enterprises. Customers cite ILINX's flexibility, low-code extensibility and built-in security as key differentiators in achieving digital transformation goals. 'This is just the beginning,' said Marni Carmichael, VP of marketing at ImageSource. 'Our roadmap is focused on accelerating intelligent automation across entire customer journeys. We're honored to be included in Everest Group's research and look forward to climbing the matrix in the years ahead.' For more information about ImageSource and the ILINX intelligent document processing platform, visit About ImageSource ImageSource, Inc. makes process innovation easy with advanced solutions built on ILINX®, the world's most flexible process-improvement platform, delivered by a team of experts committed to customer-partner success. Leveraging proven technology and deep implementation expertise, ImageSource empowers leading enterprises and government organizations to reduce risk, modernize operations, unlock revenue and transform the customer experience. For more information, visit or call (360) 943-9273
