{"id":825087,"date":"2025-03-12T17:00:24","date_gmt":"2025-03-12T21:00:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\/"},"modified":"2025-03-12T17:00:24","modified_gmt":"2025-03-12T21:00:24","slug":"cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\/","title":{"rendered":"CI&amp;T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>CI&amp;T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>CI&amp;T (NYSE: CINT, \u201cCompany\u201d)<\/b>, a global technology transformation specialist and fast-growing public company, today announces its results for the fourth quarter of 2024 (4Q24) and the full-year ended on December 31, 2024 (2024) in accordance with International Financial Reporting Standards (IFRS), as issued by the IASB.\n<\/p>\n<p><b>Fourth quarter of 2024 (4Q24) highlights<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nRecord Net Revenue of R$656.5 million, a 25.6% increase compared to 4Q23.\n<\/li>\n<li>\nNet Revenue growth at constant currency was 14.7% compared to 4Q23.\n<\/li>\n<li>\nNet Profit increased by 169%, reaching R$61.7 million in 4Q24, up from R$22.9 million in 4Q23.\n<\/li>\n<li>\nAdjusted EBITDA increased by 23.7% to R$128.1 million in 4Q24 compared to R$103.6 million in 4Q23. The Adjusted EBITDA margin was 19.5%.\n<\/li>\n<li>\nAdjusted Net Profit increased by 41.3% to R$78.2 million in 4Q24, up from R$55.3 million in 4Q23. The Adjusted Net Profit margin was 11.9%.\n<\/li>\n<\/ul>\n<p><b>Full-year ended on December 31, 2024 (2024) highlights<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nNet Revenue totaled R$2,367.8 million in 2024, a 6.0% increase compared to 2023.\n<\/li>\n<li>\nNet Revenue growth at constant currency was 1.3% year-over-year.\n<\/li>\n<li>\nNet Profit increased by 21.6%, reaching R$161.2 million in 2024, up from R$132.6 million in 2023.\n<\/li>\n<li>\nAdjusted EBITDA increased by 2.4% to R$442.4 million in 2024, compared to R$432.1 million in 2023. The Adjusted EBITDA margin was 18.7%.\n<\/li>\n<li>\nAdjusted Net Profit increased by 8.9% to R$241.9 million in 2024, up from R$222.1 million in 2023. The Adjusted Net Profit margin was 10.2%.\n<\/li>\n<li>\nCash generated from operating activities increased by 12.7%, reaching R$467.0 million in 2024, up from R$414.3 million in 2023.\n<\/li>\n<li>\nCI&amp;T ended 2024 with 6,907 employees, a 13.0% increase compared to 2023.\n<\/li>\n<\/ul>\n<p>\nCesar Gon, founder and CEO of CI&amp;T, commented, \u201cOur 4Q24 performance reflects our commitment to delivering transformative value. Our net revenue grew 25.6% (14.7% at constant currency) compared to 4Q23, driven by strategic investments, new sales initiatives, and a focus on organic growth and AI. This robust growth underscores the resilient and powerful nature of our business model, while maintaining a solid bottom line and strong cash generation. As CI&amp;T approaches its 30th anniversary in 2025, we remain dedicated to sustainable, long-term value creation, fueled by innovation and excellence in technology transformation.\u201d\n<\/p>\n<p>\nThe full 4Q24 Earnings Release can be accessed <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestors.ciandt.com%2Finvestors-info%2Ffinancials%2Fquarterly-results%2Fdefault.aspx&amp;esheet=54223411&amp;newsitemid=20250312232838&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=f49391c0ec389d579e7f9ecc6ebaad53\">here<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250312232838r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250312232838\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250312232838\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations Contact:<br \/>\n<\/b><br \/>Eduardo Galv\u00e3o<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investors@ciandt.com\">investors@ciandt.com<\/a><\/p>\n<p><b>Media Relations Contact:<br \/>\n<\/b><br \/>Zella Panossian<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ciandt@illumepr.com\">ciandt@illumepr.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Software Technology Mobile\/Wireless Apps\/Applications<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250312232838\/en\/2408206\/3\/CI%26T_Logo_BrightCoral_%281%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>CI&amp;T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results NEW YORK&#8211;(BUSINESS WIRE)&#8211;CI&amp;T (NYSE: CINT, \u201cCompany\u201d), a global technology transformation specialist and fast-growing public company, today announces its results for the fourth quarter of 2024 (4Q24) and the full-year ended on December 31, 2024 (2024) in accordance with International Financial Reporting Standards (IFRS), as issued by the IASB. Fourth quarter of 2024 (4Q24) highlights Record Net Revenue of R$656.5 million, a 25.6% increase compared to 4Q23. Net Revenue growth at constant currency was 14.7% compared to 4Q23. Net Profit increased by 169%, reaching R$61.7 million in 4Q24, up from R$22.9 million in 4Q23. Adjusted EBITDA increased by 23.7% to R$128.1 million in 4Q24 compared to R$103.6 million in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CI&amp;T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-825087","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CI&amp;T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CI&amp;T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CI&amp;T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results NEW YORK&#8211;(BUSINESS WIRE)&#8211;CI&amp;T (NYSE: CINT, \u201cCompany\u201d), a global technology transformation specialist and fast-growing public company, today announces its results for the fourth quarter of 2024 (4Q24) and the full-year ended on December 31, 2024 (2024) in accordance with International Financial Reporting Standards (IFRS), as issued by the IASB. Fourth quarter of 2024 (4Q24) highlights Record Net Revenue of R$656.5 million, a 25.6% increase compared to 4Q23. Net Revenue growth at constant currency was 14.7% compared to 4Q23. Net Profit increased by 169%, reaching R$61.7 million in 4Q24, up from R$22.9 million in 4Q23. Adjusted EBITDA increased by 23.7% to R$128.1 million in 4Q24 compared to R$103.6 million in &hellip; Continue reading &quot;CI&amp;T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-12T21:00:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250312232838r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CI&amp;T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results\",\"datePublished\":\"2025-03-12T21:00:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\\\/\"},\"wordCount\":406,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250312232838r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\\\/\",\"name\":\"CI&amp;T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results - 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Fourth quarter of 2024 (4Q24) highlights Record Net Revenue of R$656.5 million, a 25.6% increase compared to 4Q23. Net Revenue growth at constant currency was 14.7% compared to 4Q23. Net Profit increased by 169%, reaching R$61.7 million in 4Q24, up from R$22.9 million in 4Q23. Adjusted EBITDA increased by 23.7% to R$128.1 million in 4Q24 compared to R$103.6 million in &hellip; Continue reading \"CI&amp;T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-12T21:00:24+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250312232838r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CI&amp;T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results","datePublished":"2025-03-12T21:00:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\/"},"wordCount":406,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250312232838r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-reports-14-7-net-revenue-growth-at-constant-currency-in-4q24-results\/","name":"CI&amp;T Reports 14.7% Net Revenue Growth at Constant Currency in 4Q24 Results - 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