Purchase should spur more growth

Article Excerpt

TELUS INTERNATIONAL (CDA) INC. $30 is a buy for aggressive investors. The company (Toronto symbol TIXT; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 266.6 million; Market cap: $8.0 billion; Price-to-sales ratio: 2.4; No dividend paid; TSINetwork Rating: Average; www.telusinternational.com) operates call centres on behalf of over 650 corporate clients in 30 countries. It also helps them manage their computer systems and mobile apps. On February 3, 2021, parent company Telus Corp. (Toronto symbol T) sold shares of Telus International in an IPO at $25.00 U.S. a share. It still controls 72.4% of the voting power. In the fourth quarter of 2022, revenue rose 5.0%, to $630 million from $600 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 jumped 25.0%, to $0.35 a share from $0.28. In January 2023, Telus International completed its $1.225 billion purchase of WillowTree. Based in Virginia, that firm designs and builds websites and…