TDCX Q2 net profit up 19.6% to US$19.3 million

TDCX posted a net profit of US$19.3 million for the second quarter of FY2022, an increase of 19.6 per cent from the US$16.1 million profits clocked in the same quarter last year.

Revenue for the quarter ended on Jun 30 rose 23.3 per cent year on year to US$116.6 million, from US$94.5 million, said the Singapore-headquartered company in a statement on Wednesday (Aug 24).

Its adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) also went up to US$36.1 million, a 35.5 per cent from US$29.3 million a year ago.

Adjusted net income, which refers to profit for the period before the share-based payment expense was incurred as a result of its performance share plan, rose 35.5 per cent to US$21.8 million from US$16.1 million.

The digital customer solutions provider, which is listed in New York, said that its clients from high-growth industries contributed 93 per cent of its revenue for the first half of FY2022.

There have been 25 new client sign-ups since the start of the year, more than triple the number signed over the same period in 2021.

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For the second quarter itself, TDCX said new logo wins included a leading regional airline and an integrated car e-commerce platform. It did not name them.

The company’s outlook for the full-year remains unchanged from the previous quarter, with revenue expected to come in at between S$650 million and S$675 million.

This represents a year-on-year revenue growth of between 17.1 per cent and 21.6 per cent.