RE:RE:RE:Telus Could Be In Deep Trouble
From the 2021 Annual report:
Advancing our long-term growth strategy through technology-oriented growth engines, including TELUS International, TELUS Health and TELUS Agriculture.
[Note that Telus International trades on the TSX under the symbol TIXT although Telus still holds most of the business; the other two components may be "spun out" in the future.]
Our leading results were supported by our high-growth verticals, which once again reflected the strength of our digital capabilities. TELUS Health continued to deliver improved health outcomes for citizens, driving double-digit year-over-year health services revenue growth. Indeed, our rebranded virtual care services, TELUS Health MyCare for consumers and our employer-subscribed TELUS Health Virtual Care, as well as our Home Health Monitoring and Virtual Visit services, enabled healthcare providers to safely support patients virtually throughout the pandemic. Similarly, our team launched TELUS Health LivingWell Companion on Apple Watch, becoming the first company in Canada to offer personal emergency response service through Apple Watch. This service enables Canadians with health issues or who may be at risk of falling with improved safety and peace of mind with 24/7 emergency monitoring. Notably, by year-end 2021, we covered more than 20 million lives through our health solutions, an increase of nearly 22 per cent, year-over-year, completed over 550 million digital health transactions and earned more than one million new virtual healthcare members, representing a 65 per cent increase over 2020. Impressively, TELUS Health MyCare is now the number one virtual care brand in respect of familiarity and usage across all of the markets in which we operate. Moreover, in early 2022, our team launched TELUS Health Virtual Pharmacy, providing Canadians with fast and reliable online access to prescription medications and refills.
Furthermore, through our ongoing efforts to scale and integrate our unique TAG business, we generated double-digit revenue growth across our three lines of business – agribusiness; food, beverage and consumer goods; and animal health – concluding the year with annual revenue of over $400 million. These results are illustrative of the efforts of our skilled team of innovators at TAG who are working diligently toward the creation of a fully connected producer-to-consumer value chain, improving the quality, safety, distribution and sustainability of food and consumer goods. As one of the largest agriculture technology companies globally, TAG has more than 1,500 team members in 10 countries serving customers in over 50 countries, including nine of the 10 top agriculture companies in the world.