CI&T Inc. CINT has been benefiting from its market-leading digital strategy combined with customer-centric design and best-in-class software engineering. The company has evolved from a niche R&D Internet software provider in Brazil to a global end-to-end digital transformation specialist. CINT has broadened its operations globally through acquisitions, openings in new markets and verticals, and expansion of its talent base. These moves should favor the company’s organic growth in its four operating regions, namely, North America, Latin America, Europe and Asia Pacific. CINT’s shares have gained 20.7% in the past three months compared with the Zacks Engineering – R and D Services industry’s 13.2% growth. Image Source: Zacks Investment Research However, macroeconomic headwinds and client concentration pose major risks to this Zacks Rank #3 (Hold) company. Let’s discuss a few factors driving the company’s performance over the years and the potent risks. Solid Q1 Result & Outlook : CI&T’s revenues grew 24% year over year (24.3% growth at constant currency) during first-quarter 2023, thanks to impressive improvement in the number of clients with annual revenues above R$1 million. Adjusted Net Profit margin of 11% was also higher than 8% reported in the previous year. Adjusted EBITDA rose 37.9% year over […]
CI&T (CINT) Banking on Digital Transformation & Acquisition (Revised)
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