Robust Growth as CINT Navigates the AI Chop; FX Sole Pressure Point on Profit

研报英文原文证据摘录

Robust Growth as CINT Navigates the AI Chop; FX Sole Pressure Point on Profit

Computer Services & IT Consulting

CI&T

TD SECURITIES (USA) LLC EARNINGS UPDATE

May 12, 2026

Price: $3.99 (05/11/2026) Robust Growth as CINT Navigates the AI

Price Target: $8.00 Chop; FX Sole Pressure Point on Profit

BUY (1)

ESG SCORE: 72/100

Bryan C. Bergin, CFA THE TD COWEN INSIGHT

646 562 1369

Organic CC growth of 15.5% lands well above Street and peer performance as CINT continues

bryan.bergin@tdsecurities.com

to navigate enterprise AI adoption better than most. Healthy 2Q outlook sustains mid-teens

Jared Levine, CFA expansion and aligns with a raised FY26 outlook that reflects its strong trajectory w/ still

646 562 1431 prudent implied 2H trajectory. FX pressure is the only blemish, weighing on 1Q EPS/EBITDA vs.

jared.levine@tdsecurities.com

Street and FY26 profitability.

Gates Schwarzmann

646 562 1363 Services Can Still Grow Double Digits & CINT Among Leaders Doing So

gates.schwarzmann@tdsecurities.com

CINT posted a solid 1Q, w/ broad-based growth across 5 of 6 sectors, led by Tech & Telecom

Key Data and BFSI, all 3 geos, including +33% in Brazil & 16% in US, and across client size, w/ top

Symbol NYSE: CINT client strength persisting (+25%), and 2-10 and non-top 10 also expanding nicely at 17% and

Beta: 0.84 26%, respectively. This marked the 6th consecutive qtr of DD organic CC growth and with

52-Week Range: $6.65-$3.88 acceleration over the last 2 quarters. It's not seeing any meaningful impacts from the war

Market Cap: $72.3MM in Iran. In fact, its pipeline is 30% larger y/y. Meanwhile, CINT characterized the pricing

Net Debt (MM): $83.1 environment as rational.

Cash/Share: $0.34

This is standout performance that few peers are putting up, reflecting CINT doing better than

Dil.