TASK - Earnings call transcript Q2 2021

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Operator

Good afternoon, and welcome to the TaskUs Second Quarter 2021 Investor Call. My name is Josh and I will be your conference facilitator today. At this time, all lines have been placed on mute to avoid background noise. After the speakers remarks, there will be a question and answer period. [Operator instructions.] I would now like to introduce Barry Hutton, Managing Director of Investor Relations. begin. may you Barry,

Barry Hutton

thank XXXX joining earnings And TaskUs for second quarter call. you afternoon. us for the Good

Joining Investor me Balaji on results our co-Founder Financial and the Full and call today Executive Officer. are at are additional the which release Officer management website on be TaskUs; available of and ir.taskus.com. corporate note Please found webcast at call simultaneously details Relations will Sekar, commentary Chief of Investor earnings Chief the our our be Relations on website. the that company's can Bryce the section in second Maddock, this of

Before management's to the that regarding statements those and I like materially risk statements and within TaskUs business. future that not securities you and nor results forward-looking and of we meaning uncertainties but start, discussed federal promises or the expectations financial to for following actual These remind differ the guarantees the laws contains plans neither are statements involve here. would from to may discussion including cause the results limited

our with is press non-GAAP dated June in ir.taskus.com. to on that XX, see place in update the statements on IR periodic result be new on earnings The except You reports forward-looking file Factors call required TaskUs today forward-looking financial discussion found current of section www.sec.gov statements. statements to on our cause XXXX, financial our we the whether most of may Any developments at which GAAP or supplemented actual conference comparable expectations please as available assumes for on reconciliation accessible made subsequent the law. XX, in results a to the our website the of which website in of prospectus any not also responses as including undue measures based and website metric, SEC's be is at release differ them are ir.taskus.com, by filed no to obligation revise this directly can with questions and on measures reliance otherwise, following these as XXXX from each should the at contains could SEC non-GAAP available forward-looking or your as June SEC.

Now, call co-Founder TaskUs. Officer over the I will Chief turn Executive Bryce, and to of

Bryce Maddock

Barry. you, joining you you Thank welcome bit It's all to ever afternoon everyone, to quarterly first our Good as and call for thank surreal investor public us. company. a a

possible a complete our without tailing I deliver at and mates not I and want on to the begin, day partners, Before very thank helping want successful us our team also joining each new you. show globe up moment night thank investors for we to a to of high clients. around our Today us continued for June. to take would to this who journey clients, be to

All proud to place serve to team Philippines I'm that team the began in TaskUs of the TaskUs, the health of we has main, priority. and our communities this global paying background At is of the and taken the against mates top for pandemic. committed an our safety were to of same our vaccinations vaccination facilitating report quarter. and do for expect the India members. the and in their QX, mate TaskUs third in team we family in every we mates ongoing

team who've families deepest remarkable our quarter. endured, Despite the the of performance profitability. to XX% are our this globe delivered and teammates our strong growth our mates public of a ever many around they In their and pandemic. QX, first tragedies, in team and losses been sympathies As affected by TaskUs mates have out delivered XXXX, from June approximately go XXth, team My working of home.

today. just grew revenue XX.X% organic like this It's our growth important million. $XXX to quarter note is that growth completely year-on-year second Our a all to of

are into in of we EBITDA to our first XXXX. adjusted Weir friend overview got going memory. margin had to launch provide to call a business $XX.X listeners into results. founded TaskUs. That college QX in before quarter lifesavings together and going of is graduated invest brief recession the of Jasper who TaskUs a to our TaskUs, find deeper to year, year-on-year bit this was to we've best getting grew middle second many our adjusted worst million our the from XX.X%. Our just I just my combined on Struggling Since and jobs, recent EBITDA know XX.X% I'm decided

$XXX XXXX some for companies average The front up is massive. the to market and achieved their and for we content an XXXX. our customer to services demand this annually. of customer operational Telco While companies era XXX% obsessed, their deliver net Most going innovation all in. to is across a three from traditional we of we on history us success provide than the digital clients like They a these they're of we every at CAGR their That’s they where three outsourcing that retention from a come digital services: in which TaskUs have focus us to challenges, many and opportunity XXXX the steal emerging and partner were intelligence provides business made XX% revenue to simply fortunate decision We've put to enabled over serving their of common. truly security; occupied customers. economy. specialized on faster the The organically of have risk. primary is revenue services the massive experience; company XX% growing XXXX, things artificial enough addressable other clients, experience specialized of efforts deliver in at operations. market nearly competitors total for major of to are the of specialized these to XXX% industry can in in grow be rely been Today, rate a chosen our million has the digital services customer find and is TaskUs

started. getting just are we So,

enable and of above-market We to that growth have us focus consistent five profitability. drive areas

The our growing outsourcing extremely fast first, accelerating current spend. their who is clients are and

specialized The offerings. second, is introducing new service

delivery new focus our success footprint. digital companies. fourth, exploring we're we're The and that with our clients. Fortune expanding global The third, service will will XXX% growth on transformation The expand high the final area disrupters, supporting M&A. be adding of of is to-date, and organically focused Besides we've XXX current cap big is while geographic grown capabilities. our acquisitions

performance me background, both and existing a we in In that FinTech with more new the on wins client closed which XXXX let existing first the of first So, QX the amount online and business in includes our new details more year, expansions significant record cryptocurrency our from We and of banking few of half and half business, a clients, clients. share digital providers. saw client exchanges specifically.

driven had which in due ecommerce significant behavior Our the online dating very European of buying TaskUs. We for strong to major hottest segment a world the four new new all one signed clients start the to provider, and Health the growth year, a in company, online a apps changes finding pandemic. we're seeing are clients, by mobile of exciting gaming Tech

second we autonomous growth for deliver we future new one operations Finally, most is team the all quarter, revenue enable exciting customers. of of our saw cars. where the In AI our contracts to vehicle came strong specialized in space services across driving helping self of the

deliver services. each the saw of We countries these eight which growth revenue from in strong also we

largest transportation social delivery, year-on-year For continued verticals food our and we media two revenue, double-digit by and growth. saw on-demand

revenue existing clients. media driven social and Our service growth was geographic by expansions primarily additions within

related an compared revenue and food space. significantly, delivery on-demand saw to from demand the we which in when of in grew Our pandemic food unbelievably surge even customers QX, XXXX, transportation strong delivery a

specialized continue $XX notably million and FinTech very in strategic grew of in investment any money delivered astounding year-over-year. services in areas laundering strong for the over demand FinTech, rapid We our to by we sequential growth quarter-over-quarter your see markets, business and an XXX% vertical most see customer. In our know driven growth our

wins. concentration tech to we health fueled And in revenue revenues QX, a two retail in tech our grew vertical from quarter. continued high client continue revenue from and clients, our delivered new client and our shopping ecommerce In Our revenue improve and online triple-digit high largest saw the strong top while growth environment by the businesses growth double-digits.

represented of QX our revenues. our by XXXX XXXX all delivered has team delivered quarter revenues our QX and year, client possible this of of of our XX% XX% XX% this which this people. ridiculously our revenues largest and I'm what Our extremely made good has proud

a which company investments. made we've Now, enabled competition increasing leaders are In culture. TaskUs today. people day I was continued minute senior have core about part our replicate But a the in TaskUs, program. anything. cash through the know QX, the we about This of world-class deliver used from ensured and because ConnectXX competitive we are paid teammates scale. TaskUs award more important is every been in for platform every And TaskUs what we This to randomly since is retaining investments XX our pairs teammates. the employees. has culture the our of of attracting frontline private at equity of XXX serendipitous than services is never our confident a specialized us strategy These XXXX that meetings We every that In education or of to our bonus helped for talent we our it between paying at two and built calls one talks We children these IPO sessions. for one. because conference talent, of people teammate office, by benefitted video face one-to-one to conversation to over their scholarship

meet supporting and for in technical from Philippines. bay ours video conferencing area, member client the quarter, of the a a This India to big software writer onsite team of development our client got in tech I teammate a a working a

we hiring XXXX So, TaskUs delivered we and for been talent over XX%. more of over competition never teammates to while intense, In SLA QX, an on-time are added scale has a successfully. continuing new

of well-below this Glassdoor June those of a Our as slight stars have year's XXXX, remain XXXX. XXth. from numbers attrition was seen in rating And while increase X.X we

of finding our puts the for I'll first ever us to that, revenue Our it team over position provide a first success guidance. in upscaling business And in half in year new great to EBITDA the Balaji. hand

Balaji Sekar

and an of want the of earned to XXXX. the prior are In XX.X% we measures for our good quarter revenues And to Please the the items I today. Bryce. are relevant financial attached over results afternoon, we earlier discuss million, of press year. some reconciliations total of second second issued $XXX.X Thanks, everyone. increase non-GAAP note that these quarter, release of the

specialized Bryce As offerings. year-over-year generate the customer revenue quarter of growth million from experience XX.X%. $XXX.X a business, In we digital for service generated three of outlined, second rate

The of cost deliver increases services are grew our offering to by specialized deliver influenced XX.X revenues operations million, heavily a services our to are people $XX.X $XX.X by hire Our The business is XX.X% for and it grew we is the AI services provided. percentage percentage clients. as mix, content geographic who total to of instead service from at headcount service location tied security in the million. primarily business influenced of which cost not revenue of

be driven Philippines, revenues XX.X percentage term. our geographic by expect the percentage the revenues We States operations of of percentage generated we the revenues United rest India quarter, XX.X in world to of fairly Mexico. In from mainly our near the stable the of second in our and in our XX.X our mix and in

prior virtual to of As XX.X revenues by of And mutation X.X the of percentage in operating QX service of percentage And percentage we percentage of a additional cost incurred primarily incurred that the compared second at the the XX.X charges to this in XXXX in a model. was in Peso. Philippines driven a a enable quarter year. result,

period included million cost of expenses our year. to shared remainder for million, our service one-time for in the quarter. from IPO stock million or this for the prorated of remain $X.X million the $XXX.X through We was In current percentage started for the quarter, $X.X expenses $XXX.X revenues compensation expect were our team-made IPO the approve in quantum end of for expenses IPO and We other the expenses. of of date bonus flat bonus which quarter non-recurring to made second a the with at the IPO connection SG&A a related

we awarded further of will of now impact year. year, the rest expenses the the grants end and to the of these new grants quarter of raising full between and any equity see the For

$XX.X these IPO million second quarter date. June or of quarter percentage Excluding of prior $XX.X expenses year. public to revenues since million was the included The SG&A XX.X for current some in XXth the up compared items, XX% grew or company our revenue

third despite related in better SG&A outlined the the percentage million growth our the and expenses. a XXXX, quarter of GAAP company impact expenses primarily million to the loss full by this the second earned the IPO included In see impact result I XX.X and the adjusted for $X.X million or of will improvement of $XXX.X of earlier, of and earned public margin The of quarter, million loss related in XX.X million EBITDA fourth revenue and $XXX.X EBITDA adjusted teammate negative quarter. to compared share and percentage second shares net Philippines this phantom quarter efficiencies Like $XX.X in one-time the We bonus driven Peso income other IPO quarter appreciation. and a $XX.X of $X.XX. XXXX. In expense was second was non-recurring we per

taxable was included of the income of share adjusted earnings non-recurring second which lowered per second income to tax expenses million net million, adjusted GAAP $X.XX. In In $X.XX. IPO, the in While our quarter, incurred the earned of in we and benefit an comparison, an EPS XXXX, $X of of net resulting million from income. in our related earned income deductions $X.X add year $XX.X net and the of expense of full-year we an GAAP prior we the quarter $X income million.

in ago the adjusted an we of adjusted comparison, million, EPS income net period, of While earned $XX $X.XX. year

sheet. moving $XXX.X equivalence and balance to million XX, of as June Now XXXX. on stood the at Cash cash

quarter April was in shareholders generated growth. as $XXX.X other like available $X.X two proceeds which quarter. $XX $XX.X increase of from by revenue cash year. million company quarter I total driven flow our current XXXX. second would highlight of for previous primarily December The an time million. items and we million receivable We at cash in dividend to million cash to million of XXXX, the impacted As pre-IPO percentage that the on the equivalent XXst, compared was XX.X second operations cash Cash key in $XXX.X was received XXXX, a was accounts in to paid in related IPO June and year-over-year growth by the

We quarter IPO bonuses teammate share non-recurring third the proceeds that these to quarter. in they the will the phantom IPO earned and use settle current in

of quarter primarily Our capital expenditures compared computer was XXXX. due driven the by expenditure in second increased $XX.X $XX.X equipment period million same in growth the of headcount. to was to capital The million in purchases

the facility At will of this expansion as outlook. second full-year expenditure capital third Our our return year and and we last point, continue our catch to the our plans. office up expand half financial on from in I will half first XXXX of outline this part year to quarter as

$XXX we For growth year-over-year range revenues quarter million third the to percentage XXXX, expect the representing at total million, in of XX.X midpoint. of of the $XXX

percentage adjusted QX earn margin to to of expect XX.X XX.X We EBITDA percentage.

anticipate Looking representing the $XXX $XXX we total at XXXX the in million, forward, midpoint. full to million revenues year-over-year year of range percentage XX.X growth of

margin of XX.X service EBITDA above percentage. anticipation our The a that remain of revenues year outlook includes flat. We our roughly adjusted as percentage of XXXX expect to troughs percentage full XX.X a will earn to

to to back full digital and we also office. return expenses company going costs and it incur We investments to innovation and to a operating in capabilities. increase And for quarter Bryce. our as you the public hand Thank prepare increase I'm our our teammates to to expect small

your we Before questions. take

Bryce Maddock

Balaji. Thanks

share to TaskUs want I Q&A, to get we Before teammates story.

Dehliawas back in to mentioned home started his education lives TaskUs The TaskUs to his Operator? he was send year. session. to will the to which teammates briefly each all John's teammates she applied John the of apply program a a XXs, than fast scholars school early send to the logistics that After call Program. world. growing of the and help next opportunity XXXX for own improve for for was offers supporting with XXX single graduated to to invest his John With We teammate this Dehlia as tuition TaskUs to nine there already Dehlia John the saving paid for teammates this we children children's hard for In company. the retirement year was his the in is through our for in started place the just Scholarship the around of John from great school John. generation. ways John examples mother an began no TaskUs years mother career schools private I move start Scholarship which care Program. one As are school to and her Program aspire have to care in a to the with question three Philippines Dehlia decided worked great able and Retirement hired. by and the the today, their for TaskUs program And better high TaskUs of to told marketplace. operator the open answer retirement. I John line we university, a will ask our of TaskUs. son

Operator

stand [Operator Q&A by you. Instructions] we'll compile the Please Thank roster.

Kupferberg from Our question first Jason comes Bank of with America.

proceed may your with question. You

Unidentified Analyst

Hey, of And great question. Jason the guys, for gate. quarter taking for is out Cassie this thanks my

First, full quarter-over-quarter implies guidance. I quarter the your to pretty third year about guidance and know fourth just growth, it respectively ask wanted quarter. minimal and for a your QX

know, from QX, is You guys plus there? play of in I just XX% other you delivered dynamics just are there that conservatism? that element of kind wanted know in an to Or

Bryce Maddock

so for the thanks much question. Cassie,

organic But result number over of north that's very we in year and in contracts over quarter-over-quarter the the organic XX% half the for quarter to a confident clearly we can some And So the year, start feel into success first early find growth very a that saw comps. in third growth major of revenue revenue difficult the revenue strong of XX%. year is today's first off of ramped second of full XX%. quarter. the quarter That in kind we guidance of sequential growth

Unidentified Analyst

quick then up me, decreased. it's nice client to see the And helpful. Okay, concentration super for just follow one that

curious, are overall big of call these two maybe top driven client sort XX you. Just How, know I top two kind the from much one was top guys portfolio? growth the forward? it being seeing you Thank faster was XX%. overall, you the of client Are non-top client? going And the clients growing said than

Bryce Maddock

Yeah, thanks again, Cassie.

XXXX, XXXX, XXXX. in was So, revenue as largest then customer in XX%. was it concentration, our of and I of improved QX saw said was XX% QX In XX% which it

client to continuing aggressively, their is growth. while the is of that very grow So rest business the outpacing

our as of far were As which XXXX revenues, QX is in with QX as where second client, our represented XX% of largest well. they they roughly XXXX consistent

Unidentified Analyst

Okay, again. guys. perfect. Thanks Congrats

Operator

Thank you.

question your with Morgan. with from comes next Our JP Puneet question. Jain proceed Please

Puneet Jain

my for thanks highest revenue easily question was the taking sequential ever in for This strong TaskUs. Hey, results. and increase very

pipeline given was for talk the backlogs, and So clients? about so that, can ability new replenish specifically, in much your this quarter? Given to upside you pipeline there

Bryce Maddock

for Thanks so Puneet. much question the

strong. we both the in to wins, currently, on win set records We're So for pipeline exceed new XXXX that is very pace rates. and client the

we've and sales us said I well previous aware the the on As few our begin replicate year. and success answer and look back in pipeline us very scale saw confidence the giving at call, the and half QX, momentum wins we a the as next go fiscal on to FinTech retail really need that Clearly, of demand And lot team is customers among to our seen in question, I helped strong that wins massive the as that said, recent QX the particular. year. of the we e-commerce and are into to a

Puneet Jain

below employees X,XXX market about? quarter, like in Can It And seeing of hiring about also about the lot like challenges, have to your are about attrition in challenges the like in half. you total new added, if you which employees any supply talk you still this Understood. was X,XXX seems peers first taking talked XXXX.

in you challenges So large are is elsewhere? hire attrition and helping low such numbers, keeping that despite doing what you

Bryce Maddock

positions, hiring of over the and added we question SLA X,XXX that India. out, hundreds X,XXX for new had net United States, in thanks pointed Philippines XX%. you new the added we on-time new X,XXX Yeah, In as new and And, in global of Puneet. over roles over we roles QX, roles an in

believe Ultimately, Philippines. a this industry, time, employer our proud really the been success comes markets in amongst like which of in we've we're think the the So that in long organization. down brand, we is, recruitment for we to the the particular, very our of strongest in

some are very We seeing the back States. And that's of vigilant the United being challenges recruitment the head we as something half year. in particular we're into in that

Puneet Jain

Got you. Thank you.

Operator

Thank you.

Maggie of Blair. Our comes William next from question Nolan

may your with proceed You question.

Maggie Nolan

congrats. you, Thank

are performance operations. in segment you seems AI saw it board. good new or giving definitely in that additions in I'm you segment? building some momentum that any are across other confidence strong the good like You client within there saw particular, wondering, some that any you're But growth factors this

Bryce Maddock

operation some done growth customers services. of you an thank whom for helping we to had existing our add new as Maggie, question. AI where seen really in cars, we inside exciting We've future that past. well have for were wins. consulting our organic We existing the the providing much shape customers so teams, as autonomous are there both for customer, some as vehicle now delivering aberrations, And we're other self-driving services,

and one quickly obviously TaskUs. for very very to watch it's segment is growing that So exciting

Maggie Nolan

companies. that's often thank something that's peers. you've you. that distinguished are your clients Okay, And quite on tech from then, focused historically disruptive, you And

when potential deploy thinking you different TaskUs going able and like being think As accounts? forward. acquisitive, compatibility to about employees more about is company's base, you're cultural important target client a things How being across

Bryce Maddock

important. Yeah, it's incredibly

want these So specialized into we're geographic looking And footprint, obviously, either accretive. to delivery businesses acquire our acquisitions service be expand existing as to get add will capabilities our end-markets. or we deeper that

looking to culturally acquisitions make. are to the about factors, not be told I've we digital But work to growth, that the the only culture. as that is will we close very absolutely possible given the choose of acquisitions are team terms accretive for we're us on those do and that going in that thing as mix. selective we're and assets we're to compromise So profitability that going

Maggie Nolan

thank right, so All much, Great quarter. you

Bryce Maddock

Thanks, Maggie.

Operator

Thank you.

with comes Our next BTIG. VanVliet question Matt from

You question. your may with proceed

Matt VanVliet

quarter for the nice on thanks new business of terms of the to little bit a job gates Wanted first the here. taking Yeah, some the dig of question, in guys. And in in or in And whether in maybe out, that addition Greece, that Colombia the won were deals in you've to India markets. if any call the there newer you mentioned? to strength

Bryce Maddock

Yeah. question, much Matt. for Thanks so that

really So rapid in the entered to that language at we've In Colombia, TaskUs. we've had QX, start looking us exciting capabilities of market thing delivery some year, we're Greece, to well of enter seen majority capabilities. and customers. some very new the signed vast on uptake demand we Spanish have new TaskUs, adding existing multiple this the the existing as customers TaskUs as that customers, those the same to happened, add has European are are from to with Greek new language expansions clients market But logos in were

Matt VanVliet

any should back into deals guess, very right ramp -- to I of the were continue of of were the And end to how out total terms the quarter about about about we major bit think be How end half quarter? do the a that helpful closed the about as very what much in into you feel in we the revenue? then zooming sort visibility to second in the year, the that out similar there. ramping from half booked? through that to half? already think there of ability is Thanks. think near much should And we first mentioned, back All the the year, still -- closed And maybe is of the been happened that how little you

Bryce Maddock

and go the question. Balaji answer I'll So first, to do then second want

Balaji Sekar

absolutely. Yeah,

a will quarter. was as existing the in quarter we provided we this the we've from clients were the see confident that second in get to sales And that million very QX. new We're year. that very in the to think guidance $XXX million signed that I expect $XXX revenue in we strong and both as quarter ongoing nearly quarter saw So from a perspective, second strong ramps to

Bryce Maddock

with the perspective add Yeah. new good And a said, Balaji in we we QX just have terms to from in you closure what on to business had visibility, said, of like that we're very visibility than greater pretty the we're with good the started year estimating that this and we're visibility, and starting a quarter XX with -- growth great great we too. starting percentage

Matt VanVliet

Great in the guys. you. job quarter, thank Wonderful,

Bryce Maddock

Thanks, Matt.

Operator

Thank Instructions] from you. with Dan Perlin [Operator goes question RBC. Our next

may question. You proceed your with

Unidentified Analyst

It's on you When And for nice it evening. clients generally Matt request quarter? in what of Or Dan, Are process? on about you? bit sort new congratulations look comes win for could to business? a quarter. talk if it is winning to Yes, little a proposal you part a coming good the like of rates

Bryce Maddock

Matt, thank for you so much that question.

So long TaskUs technology service a as growing we're that provider disruptive outsourced been first And clients fast outsourcing turn provider. seen service the our has often to.

relationships risk. maturation be public dedicated to processes, cases, that as outsource but themselves. to our companies to grown technology of to formal our we some that of seeing And early and begin Increasingly, those the get services. disruptive these in companies organizations mitigating teams to So competitive clients does generally, see are procurement have fast-growing in we try there are and typically become are use not come their RFT processes. choice specialized with may provider We

the years question What's we've not that biggest you're you. the do in of heard those from So traditional say, one by get if is companies going to to recent players. business bought actually, we with

remain And and us and absolutely the to business nicest communication really is going to it market public that in from that we intend helping public independent, our some customers to so us companies. is the of one win of things is to a for those newly

going as annual we're an basis. on client rates both win record new XXXX. break and to wins win pace from But exceed on our client as out wins far to said new we're As setting rates, rates win before, and I

Unidentified Analyst

this was on revenue FX just then well growth revenue follow on line? as peso hit the And quarter, quick you mentioned impact of on with that the Excellent. as the a [indiscernible]. What anything up cost the the services

Balaji Sekar

so that. Yeah, take will I

U.S. of for -- fortunately the built in majority is our So revenues dollars. us,

from translation let's the from And example, X.X impact a do appreciated last year. from by as of the But an So we to cost we any percentage was perspective. actually do a not year that to when perspective peso impact say, about do ForEx we QX U.S. dollars. from current see of QX a from see revenue year-on-year peso

did line, cost impact those, of SG&A and our there of translate revenue that did as kind So perspective. but impact no a service we that from was also

Unidentified Analyst

you thank much. Okay, very

Bryce Maddock

Matt. Thanks,

Operator

[Operator Baird. from Dave question Thank with Koning Our Instructions] you. next comes

You may question. proceed with your

David Koning

on guys, a quarter. huge congrats Yeah. Hey,

Bryce Maddock

Dave. Thanks,

David Koning

Yeah.

revenue sequentially looks ago, So I just it as quarter. much like quarter, few in a you that grew mean, grew one per you you years as did much

So guess, think massive how it's do is such a seems pretty comp be, half like of XX% when But year we just year? going your this growth still impressive. about this to you can big what I

Bryce Maddock

Absolutely. absolutely We XX% for to medium-term. XXXX revenue our in And year-on-year about think we IPO that, the intend deliver and growth in beyond. process guided to on

David Koning

Got to thing the then got the right. it well? share little tell, loss, QX in financial then, should you. that of Great. a what guess, it normalized just because and QX, as hard All what of I quick in count kind one GAAP And guess, I was diluted be

Balaji Sekar

number. Yeah, up me pull that so let just

one me give minute. Just

would be the the of we to additional of share quarter, as in following in stock end will that the million But going X,XX,XXX. So nominal giving change. number that terms count, June grants is about of XX be the

But diluted estimable, probably we'll ballpark. new currently that granting that in be I'd once change shares. the we say that is start something So in because will is -- shares not

David Koning

then grow kind QX just margins next I a imply XX%? in XX%, sneak And think for year in Is from a to sorry of to it great. place of And about XXXX? like that's XX%, there I'm good more Or kind XX%? that one little Okay. maybe bit if XXXX? just can to start looks

Bryce Maddock

in and me let be company two digital expenses answer deliver believe quarter public number of for so this concerned, in going we're Yeah, preparing full a One QX, midpoint, in about we're the to in as XX.X that your to I in a public what just is not And percentage we we that in weeks EBITDA at far terms costs be question some to in went But we HX only did teammates couple and will parts. good, which of it in QX, QX. is earlier, deliver. in incur would to perspective, in QX, into And that year, business going this incur incurring XXXX. was as EBITDA a adjusted go the is back short-term XX% I a investments for the office. the second mentioned

David Koning

Got so you. job. great much. Yeah, Thanks

Operator

you. Thank

James with Our next Faucette from question Stanley. Morgan comes

your proceed may question. You with

James Faucette

that recruitment challenges inflation the apologies I you U.S. Thank and you wanted if for you for and potential kind loud, but background so how the and any to in of it's noise wage seeing are ask, mentioned much, have are if pass you ability be do you what if do your is thinking about And may kind inflation? what to some -- your ability and wage on end lag customers? that to to of there

Bryce Maddock

Yeah, it's a Jim, important question. really

create TaskUS got a we've process are wages our which With that benefits includes complete wage program, care and we on best-in-class retirement health to we like to So plan competitive. said, that facilities. our a aspire robust differentiated class employee instead, our experience, purely world employee aim not to ensure

wage time States the again, every majority to on inflation have second in process those wage which quarter, pressures our where cases. in the we're globally. provisions of along United the pass to the review we've in We important respond the hiring XX%, clients, markets got we're in exceeded [collar] that increase in geography able contract we actually seen is United have that an we SLA the number States. it just those to to And of most And say in and that achieved an a we operating in. So with do pressure is designed in vast wage

James Faucette

that then hear about separately, as wonder well? to little can the you be It's of kind looking you color I wanted and acquisitions, different may if add to looking I just of mentioned ask a of types expansion. geographic capabilities doing acquisitions, give you're including on good at But types you to

Bryce Maddock

crimes financial the anti-money fraudulent growth marketplaces, and of in at the And with in doing areas together investigations, is that that Yeah, a safety. for lines, one areas investigations. we're your work of general we're the moment of doing of that doing the and sort customer laundering service trust investigations and client some financial even work with lot of bringing cases, good seeing we're with work we some in the we're the by safety know and

interested that out. we're able service of as in So next to area specialized very general be the that break line we'll

type of here the acquire services. would those be So to companies that would some we look specialists in of

James Faucette

lot. Great, That's a great. color. Thanks

Bryce Maddock

Thanks, Jim.

Operator

over now for I and any remarks. would the showing Thank further this to like Bryce I'm call not time. Maddock back any turn at to you further questions

Bryce Maddock

new want very tirelessly thank have our globe a in of we all first again, to And see Well, public just believe will around joining I worked what TaskUs quarter I'd to of Investor be closing, Call. to you journey. for all deliver who like us teammates to the strong as next all a QX on our all we quarter shareholders thank our company. for this

Operator

concludes conference Thank Thank you. you participating. today's This call. for

disconnect. now may You

TaskUs (TASK) 11 Aug 212021 Q2 Earnings call transcript