New firm off to a good start

Article Excerpt

TELUS INTERNATIONAL (CDA) INC. $40 is a buy for aggressive investors. The company (Toronto symbol TIXT; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 266.0 million; Market cap: $10.6 billion; Price-to-sales ratio: 3.4; No dividend paid; TSINetwork Rating: Average: Lowest; www.telusinternational.com) operates call centres on behalf of over 600 corporate clients in 28 countries. It also helps them manage their computer systems and mobile apps. On February 3, 2021, parent company Telus Corp. sold shares of Telus International in an IPO at $25.00 U.S. a share. It now controls 72.4% of the voting power with 56.1% economic interest. In the second quarter of 2022, revenue rose 17.1%, to $624 million from $533 million a year earlier (all amounts except share price and market cap in U.S. dollars). That’s due to new clients and higher sales to existing clients. Earnings gained 25.0%, to $0.30 from $0.24. Telus International is a buy for aggressive investors. investors. …

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