Thoughtworks (TWKS) Revenue & Revenue Breakdown
Thoughtworks Revenue Highlights
Latest Revenue (Y)
$1.13B
Latest Revenue (Q)
$251.67M
Main Segment (Y)
Energy, Public And Health Services
Main Geography (Y)
North America
Thoughtworks Revenue by Period
Thoughtworks Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.13B | -13.07% |
| 2022-12-31 | $1.30B | 21.15% |
| 2021-12-31 | $1.07B | 33.18% |
| 2020-12-31 | $803.38M | 4.04% |
| 2019-12-31 | $772.19M | - |
Thoughtworks generated $1.13B in revenue during NA 2023, up -13.07% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
Thoughtworks Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $251.67M | 1.24% |
| 2024-03-31 | $248.59M | -1.50% |
| 2023-12-31 | $252.39M | -9.91% |
| 2023-09-30 | $280.16M | -2.46% |
| 2023-06-30 | $287.21M | -6.46% |
| 2023-03-31 | $307.06M | -1.19% |
| 2022-12-31 | $310.74M | -6.53% |
| 2022-09-30 | $332.45M | 0.10% |
| 2022-06-30 | $332.11M | 3.48% |
| 2022-03-31 | $320.94M | 11.90% |
| 2021-12-31 | $286.80M | 0.61% |
| 2021-09-30 | $285.05M | 9.45% |
| 2021-06-30 | $260.43M | 9.58% |
| 2021-03-31 | $237.66M | 15.21% |
| 2020-12-31 | $206.29M | 4.96% |
| 2020-09-30 | $196.55M | 5.88% |
| 2020-06-30 | $185.63M | -13.62% |
| 2020-03-31 | $214.91M | - |
Thoughtworks generated $251.67M in revenue during Q2 2024, up 1.24% compared to the previous quarter, and up 81.96% compared to the same period a year ago.
Thoughtworks Revenue Breakdown
Thoughtworks Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Automotive, Travel And Transportation | $179.27M | $161.16M | $132.27M |
| Technology And Business Services | $279.26M | - | - |
| Retail And Consumer | $176.85M | $236.73M | $203.19M |
| Financial Services And Insurance | $197.41M | $221.75M | $170.49M |
| Energy, Public And Health Services | $294.03M | $316.48M | $275.28M |
| Other Revenue | - | - | - |
| Technology And Business Service | - | $360.12M | $288.71M |
Thoughtworks's latest annual revenue breakdown by segment (product or service), as of Dec 23: Energy, Public And Health Services (26.09%), Technology And Business Services (24.78%), Financial Services And Insurance (17.52%), Automotive, Travel And Transportation (15.91%), and Retail And Consumer (15.69%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 |
|---|---|---|---|---|---|---|---|---|---|
| Technology And Business Services | $65.37M | $64.82M | $70.61M | $69.69M | $74.13M | $94.22M | $95.25M | $85.35M | - |
| Automotive, Travel And Transportation | $42.12M | $41.73M | $46.77M | $44.94M | $45.82M | $43.71M | $41.92M | $37.96M | $37.58M |
| Energy, Public And Health Services | $63.02M | $63.02M | $71.66M | $75.31M | $84.04M | $79.38M | $83.39M | $76.61M | $77.11M |
| Financial Services And insurance | $39.16M | $46.45M | $52.78M | $55.16M | $55.00M | $59.67M | $58.46M | - | - |
| Retail And Consumer | $38.93M | $39.79M | $44.66M | $44.48M | $47.91M | $53.75M | $57.92M | $62.63M | $62.44M |
| Financial Services And Insurance | - | - | - | - | - | $48.61M | - | - | - |
Thoughtworks's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Technology And Business Services (26.30%), Energy, Public And Health Services (25.35%), Automotive, Travel And Transportation (16.94%), Financial Services And insurance (15.75%), and Retail And Consumer (15.66%).
Thoughtworks Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| North America | $417.57M | $503.95M | $396.49M |
| UNITED STATES | $402.60M | $474.30M | $372.80M |
| AUSTRALIA | $116.40M | $148.30M | $116.50M |
| Asia Pacific | $387.06M | $419.98M | $358.60M |
| Europe | $280.39M | $315.88M | $267.12M |
| GERMANY | $125.30M | $113.80M | - |
| Latin America | $41.79M | $56.43M | $47.74M |
Thoughtworks's latest annual revenue breakdown by geography, as of Dec 23: North America (23.58%), UNITED STATES (22.73%), Asia Pacific (21.85%), Europe (15.83%), GERMANY (7.07%), AUSTRALIA (6.57%), and Latin America (2.36%).
Quarterly Revenue by Country
| Country | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asia Pacific | $86.71M | $89.28M | $97.16M | $100.47M | $100.16M | $99.75M | $108.35M | $109.67M | $102.21M | $97.67M | $98.76M |
| Europe | $62.21M | $60.87M | $66.29M | $70.18M | $83.05M | $76.41M | $79.94M | $76.60M | $82.93M | $70.64M | $69.52M |
| GERMANY | $32.30M | $63.00M | $31.80M | $30.50M | $29.60M | $30.00M | - | - | - | - | - |
| UNITED STATES | $81.30M | $89.20M | $102.30M | $102.70M | $108.40M | $114.60M | $121.10M | $123.50M | $115.10M | $97.80M | $96.50M |
| AUSTRALIA | $30.10M | $56.70M | $29.40M | $30.30M | $33.80M | $38.40M | $39.80M | $36.30M | $32.80M | $31.00M | - |
| North America | $88.80M | $93.82M | $105.67M | $105.78M | $112.31M | $121.09M | $129.42M | $131.49M | $121.95M | $105.54M | $103.77M |
| Latin America | $10.87M | $8.43M | $11.05M | $10.79M | $11.53M | $13.49M | $14.74M | $14.34M | $13.86M | $12.95M | $13.00M |
Thoughtworks's latest quarterly revenue breakdown by geography, as of Mar 24: North America (22.64%), Asia Pacific (22.10%), UNITED STATES (20.72%), Europe (15.86%), GERMANY (8.23%), AUSTRALIA (7.67%), and Latin America (2.77%).
Thoughtworks Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| SAIC | Science Applications | $7.44B | $1.82B |
| CNXC | Concentrix | $7.11B | $2.38B |
| IT | Gartner | $5.91B | $1.60B |
| G | Genpact | $4.48B | $1.18B |
| ASGN | ASGN | $4.45B | $1.03B |
| CLVT | Clarivate | $2.63B | $650.30M |
| TTEC | TTEC | $2.46B | $534.09M |
| EXLS | ExlService | $1.63B | $448.37M |
| WNS | WNS | $1.32B | $323.10M |
| TWKS | Thoughtworks | $1.13B | $251.67M |
| TASK | TaskUs | $924.37M | - |
| PRFT | Perficient | $906.54M | $215.30M |
| HCKT | Hackett Group | $296.59M | $77.66M |
TWKS Revenue FAQ
What is Thoughtworks’s yearly revenue?
Thoughtworks's yearly revenue for 2023 was $1.13B, representing a decrease of -13.07% compared to 2022. The company's yearly revenue for 2022 was $1.3B, representing an increase of 21.15% compared to 2021. TWKS's yearly revenue for 2021 was $1.07B, representing an increase of 33.18% compared to 2020.
What is Thoughtworks’s quarterly revenue?
Thoughtworks's quarterly revenue for Q2 2024 was $251.67M, a 1.24% increase from the previous quarter (Q1 2024), and a -12.38% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $248.59M, a -1.50% decrease from the previous quarter (Q4 2023), and a -19.04% decrease year-over-year (Q1 2023). TWKS's quarterly revenue for Q4 2023 was $252.39M, a -9.91% decrease from the previous quarter (Q3 2023), and a -18.78% decrease year-over-year (Q4 2022).
What is Thoughtworks’s revenue growth rate?
Thoughtworks's revenue growth rate for the last 3 years (2021-2023) was 5.32%, and for the last 5 years (2019-2023) was 45.92%.
What are Thoughtworks’s revenue streams?
Thoughtworks's revenue streams in c 23 are Automotive, Travel And Transportation, Technology And Business Services, Retail And Consumer, Financial Services And Insurance, and Energy, Public And Health Services. Automotive, Travel And Transportation generated $179.27M in revenue, accounting 15.91% of the company's total revenue, up 11.23% year-over-year. Technology And Business Services generated $279.26M in revenue, accounting 24.78% of the company's total revenue Retail And Consumer generated $176.85M in revenue, accounting 15.69% of the company's total revenue, down -25.30% year-over-year. Financial Services And Insurance generated $197.41M in revenue, accounting 17.52% of the company's total revenue, down -10.98% year-over-year. Energy, Public And Health Services generated $294.03M in revenue, accounting 26.09% of the company's total revenue, down -7.09% year-over-year.
What is Thoughtworks’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Thoughtworks was Energy, Public And Health Services. This segment made a revenue of $294.03M, representing 26.09% of the company's total revenue.