TaskUs is an international company that provides outsourcing solutions to more than 100 clients in e-commerce, social media, gaming, ridesharing, FinTech, HealthTech and other industries. High customer and employee satisfaction, automation of consumer support services and relocation of offices to lower income countries, has helped TaskUs achieve a CAGR of 60% during 2017-2020.
The company is a large-scale provider of customer care and business process automation services using AI. The total addressable market for the company is estimated at approximately $100 billion and is growing at a double-digit rate annually.
The company has a growing base of high-revenue, high-growth customers, which also impacts its own profitability.
The company’s stock is just recovering from the recent correction at the turn of the month and is back up about 7%. The share price of the company, which has only been listed on the stock exchange since June 10 of this year, reached its first high at the end of September, where it initially corrected to $53 in mid-October after a top of $85. Currently, the share price stands at around $60.
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