Thoughtworks Results Presentation Deck
Footnotes
1. Unaudited financial information for 2014 through 2018. 2014 through 2018 revenues were calculated according to a prior accounting standard, ASC 605, and may not be
directly comparable to our 2019 to 2022 revenues, which use ASC 606. Our adoption of ASC 606 as of January 1, 2019 did not materially impact our revenues.
2. Thoughtworks operated in 17 countries as of March 31, 2022. On April 26, 2022, Thoughtworks announced it was establishing operations in Ho Chi Minh City, Vietnam.
3. Announced April 27, 2022. See:
https://investors.thoughtworks.com/news-releases/news-release-details/thoughtworks-acquires-leading-product-development-consultancy
4. As of March 31, 2022
5. For the three months ended March 31, 2022
6. Reported YoY percentage growth rates calculated by comparison to prior year's corresponding period
7. Revenue Growth Rate at Constant Currency is calculated by translating the current period revenues into U.S. dollars at the weighted average exchange rates
of the prior period of comparison
8. Adjusted EBITDA, and certain other measures in this deck, are Non-GAAP financial measures. For more information regarding the non-GAAP financial measures discussed
in this presentation including a reconciliation of these non-GAAP measures to their corresponding GAAP measures, please see the Appendix to this presentation. For
definitions of these non-GAAP measures, please see our press release for the most recent quarter-ended posted to the Investor Relations page of our website
9. Source: IDC Press Release, https://www.idc.com/getdoc.jsp?containerId=prUS48372321
10. Source: IDC, Worldwide Whole Cloud Forecast, 2021-2025, Doc # US47397521, Sep 2021 https://www.idc.com/getdoc.jsp?containerId=prUS48208321
11. Source: IDC Press Release https://www.idc.com/getdoc.jsp?containerId=prUS48881422
12. Source: Marketsand Markets https://www.marketsandmarkets.com/Market-Reports/customer-experience-management-cem-market-543.html
13. Source: PwC Pulse Survey - Executive views on business in 2022 https://www.pwc.com/us/en/library/pulse-survey/executive-views-2022.html
14. Source: IDC, Worldwide CO2 Emissions Savings from Cloud Computing Forecast, 2021-2024, Doc # US47426420, Feb 2021
https://www.idc.com/getdoc.jsp?containerId=prUS47513321
15. Defined as clients for whom we have done work and generated revenues in excess of $25,000 within the preceding twelve months
16. Top 10 clients are determined by spend for the year ended December 31, 2021
17. 85% reduction per employee
18. Peakon employment survey October 2021
19. Executive officer is defined as an "officer" pursuant to Rule 16a-1(f) of the Securities Exchange Act of 1934, as amended
20. Employee concentration as of March 31, 2022
Ⓒ2022 Thoughtworks
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