09:07 AM EDT, 05/09/2024 (MT Newswires) -- TELUS International on Thursday reported first-quarter adjusted earnings of US$65 million ($89.1 million), or US$0.22 per diluted share, up 3% from US$63 million, or US$0.23 per diluted share, a year earlier.

Analysts polled by Capital IQ expected US$0.19.

Revenue for the quarter ended March 31 was US$657 million, down 4% from US$686 million a year earlier. Analysts surveyed by Capital IQ expected US$675.4 million.

Adjusted EBITDA for Q1 was US$153 million, up 9% from US$141 million a year earlier.

Reiterating its outlook for the full year of 2024, the company said it continues to expect revenue of US$2.79 billion to US$2.85 billion, representing growth of 3% to 5%. Analysts polled by Capital IQ are expecting US$2.81 billion.

Adjusted EBITDA is expected to be US$623 million to US$643 million for the full year, growth of 7% to 10%, and the adjusted EBITDA margin is expected to be in the range of 22.3-22.6%, the company said.

Adjusted earnings for the full year of 2024 are expected to be US$0.93 to US$0.98 per diluted share, growth of 7% to 13%. Analysts surveyed by Capital IQ are expecting US$0.94.