Topic: How To Invest

The Successful Investor Hotline – Friday, July 14, 2023

Article Excerpt

TELUS INTERNATIONAL (CDA) INC., $13.36, Toronto symbol TIXT, remains a buy for aggressive investors. The company 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 72.2% of the voting power. Telus International’s shares fell 30.7% on Friday after the company cut its revenue and earnings forecasts. That’s because some of Telus International’s larger clients, particularly in the technology industry, are spending less on its services. (Note, because of Telus Corp.’s majority holding in the company, its shares also dipped Friday on the news, but just 4.8%.) Telus International now expects its revenue for all of 2023 will range from $2.70 billion to $2.73 billion, down from its earlier forecast of $2.97 billion to $3.03 billion. (All amounts except share price in U.S. dollars.) The revised…