RBC Update post Investor Day February 16, 2023
TELUS International (Cda) Inc.
Investor Day highlights end-to-end capabilities and
unique positioning in AI
Our view: TIXT’s Investor Day provided a technical showcase and
highlighted the potential for sustained profitable growth to support
management’s longer-term ambition for a 10x increase in the company’s
enterprise value over the next five years. In our opinion, the commentary
surrounding the synergies with WillowTree provided a first look at the
cohesive end-to-end capabilities the combination creates and highlighted
the potential for immediate contribution in Q1/23 through cross- and
up-selling, as well as a compelling argument that the full spectrum of
capabilities will deliver new logos in demand of a single provider
Rated Outperform with target $29.00 US