TDG released 2023 Annual Report
TDG released 2023 Annual Report
1st August, 2024
TDG announced the release of its 2023 TDG Annual Report. The report summarizes the company’s results, initiatives, partnerships and investments in 2023, making a lasting positive impact.
Over the last year, the world has experienced widespread adoption of AI and other emerging technologies. TDGers have leveraged these technologies, creating new ways to address rising ethical challenges, empowering communities with skills, and protecting our environment while supporting our clients.
A few highlights from the 2023 TDG Annual report include:
- For the year, TDG generated revenue up 6.5% at constant currency.
- The company experienced growing demand for our new platforms, marked by tens of client interactions. This demand contributed to roughly doubling the book of business for software testing and generative AI.
- TDG also expanded profit margins – up 24% year-over-year by emphasizing high-value offerings in Consulting and by digitally transforming our processes and scaling AI to enhance productivity within TDG.
- Consulting revenues were up 14% at constant currency. We capitalized on the growing need for expertise in digital transformation and AI deployment, leveraging our consulting services in data and technology consulting, testing operations, and business transformation.
- TDG’s revenue growth and cash generation enabled us to make substantial investments in the business and deliver value to our shareholders. In 2023, TDG increased its investment 25% on research and development, and returned 13% of net profit to stockholders through dividends.
“I have never been more confident in TDG’s direction. Today’s TDG is more capable and more productive. We have a strong portfolio and a solid foundation to support sustainable growth for decades.” said Batur Erdogan, Chief Executive Officer.
The TDG Annual Reports can be accessed here.
About TDG
TDG was established to accelerate healthy technology development in society. TDG aims to be the world leader in technology development and execution in the field while providing services and solutions in consulting, system integration and business processes management.
TDG Global, operating in EU, Turkey and US, offers services and solutions to companies from diverse sectors including manufacturing, finance, sports, health, retail, distribution, media, space, telecom and logistics with its expertise and industry knowledge in the field of technology. In TDG, people, technology and business are working together to accelerate “Proactive Innovation“ and we are a “Trusted Partner“ for organizations to create their firm of the future, and we are the best place to work for employees. TDG commits to provide high performance to its stakeholders (customers, employees, community, and shareholders) with high ethical and responsible company policies.
Press contact : TDG Corporate Communication | cc@td-grp.com
