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Thoughtworks Holding (Thoughtworks Holding) Net Income : $-69 Mil (TTM As of Dec. 2023)


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What is Thoughtworks Holding Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Thoughtworks Holding's Net Income for the three months ended in Dec. 2023 was $-22 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-69 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Thoughtworks Holding's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.07.


Thoughtworks Holding Net Income Historical Data

The historical data trend for Thoughtworks Holding's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Thoughtworks Holding Net Income Chart

Thoughtworks Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
28.42 78.97 -0.58 -105.39 -68.66

Thoughtworks Holding Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.11 -8.11 -12.27 -25.85 -22.43

Thoughtworks Holding Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Thoughtworks Holding's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-43.13+-25.531+0+0
=-69

Thoughtworks Holding's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-10.066+-12.364+0+0
=-22

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-69 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Thoughtworks Holding  (NAS:TWKS) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Thoughtworks Holding's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Thoughtworks Holding Net Income Related Terms

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Thoughtworks Holding (Thoughtworks Holding) Business Description

Traded in Other Exchanges
Address
200 East Randolph Street, 25th Floor, Chicago, IL, USA, 60601
Thoughtworks Holding Inc is a global technology consultancy that integrates strategy, design and software engineering to enable enterprises and technology disruptors across the globe to thrive as modern digital businesses. Its global service lines include Enterprise Modernization, Platforms and Cloud; Customer Experience, Product and Design; Data and Artificial Intelligence (AI), and Digital Transformation and Operations. Geographically, it derives a majority of its revenue from North America and also has a presence in APAC; Europe, and LATAM.
Executives
Joanna Parke officer: Chief Talent Officer C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Sudhir Tiwari officer: See Remarks 300 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Erin Cummins officer: Chief Financial Officer C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Guo Xiao director, officer: Chief Executive Officer C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Ian Davis director JOHNSON & JOHNSON, ONE JOHNSON & JOHNSON PLAZA, NEW BRUNSWICK NJ 08933
Christopher Gerard Murphy officer: See Remarks C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Sai Krishna Mandapaty officer: Chief Commercial Officer C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Julie Woods-moss officer: Chief Marketing Officer C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Angela Ferguson officer: Chief Transformation Officer C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
William G Parrett director THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154
Ramona Mateiu officer: See Remarks C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Chad-affonso Wathington officer: Chief Strategy Officer C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Rebecca J Parsons officer: Chief Technology Officer C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Rohan Haldea director C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Turing Gp Co. Ltd 10 percent owner 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601