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TTEC Holdings, Inc. (NASDAQ:TTEC) is a prominent global player in the customer experience (CX) technology and services sector. Established in 1982, TTEC has been at the forefront of delivering innovative AI-enabled CX solutions that cater to both iconic and disruptive brands. The company operates through two main segments: TTEC Digital and TTEC Engage.
TTEC Digital focuses on creating and implementing cloud-based and on-premises customer experience tools that help clients develop comprehensive customer engagement strategies. This segment leverages next-gen digital and cognitive technology to design, build, and operate omnichannel contact center technology, CRM, automation (AI/ML and RPA), and analytics solutions.
TTEC Engage is dedicated to delivering sales and marketing solutions aimed at boosting client revenue. It manages customer front-to-back office processes to enhance the overall customer experience. This segment provides digital customer engagement, customer acquisition and growth, content moderation, fraud prevention, and data annotation solutions.
Serving a diverse clientele across the United States, Canada, Asia-Pacific, and India, TTEC has earned high client NPS scores globally. Its 64,400 employees operate on six continents, merging technology with human expertise to deliver exceptional customer outcomes.
Recently, TTEC has received several accolades, including being named the Cisco Partner Summit 2023 Collaboration Partner of the Year for the U.S. West Region. The company has also been certified as a Great Place to Work® in 14 countries, highlighting its commitment to fostering a positive workplace culture.
Latest news from TTEC includes the results of its inaugural AI Readiness Assessment, which indicates a shift from AI hype to practical implementation demands. Additionally, the company announced the appointment of Kenneth R. Wagers III as the new Chief Financial Officer, effective March 1, 2024.
TTEC continues to make strides in the digital transformation of customer interactions, driving revenue growth and improving customer loyalty through its innovative solutions and strategic partnerships. The company’s financial health remains robust, with a focus on sustainable growth initiatives and debt reduction.
TTEC Holdings, Inc (NASDAQ: TTEC) appointed Regina Paolillo as Global Chief Operating Officer and Dustin Semach as Chief Financial Officer, effective immediately. TTEC Chairman Ken Tuchman emphasized the importance of a strong leadership team to enhance client and shareholder value. Paolillo, instrumental in advancing TTEC's digital capabilities, previously served as Chief Financial and Administrative Officer. Semach, with a background in tech services, aims to drive revenue growth and financial performance. TTEC, a leader in customer experience technology, focuses on delivering innovative CX solutions globally.
TTEC Holdings, Inc. (NASDAQ: TTEC) reported third quarter 2021 financial results, showing a 15% increase in revenue to $566.7 million compared to $493 million in Q3 2020. However, GAAP income from operations fell to $26 million, or 4.6% of revenue, down from $53.4 million (10.8%) a year prior. Non-GAAP EPS was $1.01, slightly up from $1.00. The cash flow from operations decreased to $42.2 million from $81.5 million year-over-year, leading to a net debt increase to $662.9 million. Despite these challenges, TTEC anticipates 2021 revenue of approximately $2.255 billion, consistent with earlier guidance.
TTEC Holdings, Inc. (NASDAQ: TTEC) is set to release its third-quarter 2021 financial results on November 9, 2021, after market close. A live conference call and webcast will follow on November 10, 2021, at 8:30 a.m. ET. TTEC, a leader in customer experience technology, specializes in end-to-end digital solutions, serving various global brands. For more information, visit www.ttec.com.
TTEC Canada Solutions, Inc. has been recognized as one of the 'Best Places to Work' in Quebec for 2021 by the Great Place to Work organization. The company, certified as a Great Place to Work in Canada, reflects high employee trust and performance, with an average Trust Index® score exceeding the 65% certification threshold. Key scores include 77% in credibility and 71% in respect. TTEC emphasizes the importance of employee feedback for enhancing workplace culture, which correlates with better customer satisfaction and financial performance.
The latest issue of the Customer Strategist Journal from TTEC highlights how brands have accelerated digital transformation during the pandemic. This evolution aims to meet rising customer expectations for seamless, omnichannel services. Significant insights include a 44% surge in e-commerce in 2020, now comprising 21% of total U.S. retail sales. The journal emphasizes the importance of employee retention amidst the Great Resignation, suggesting that employers need to consistently address employee needs to enhance overall engagement. The journal is aimed at helping executives navigate the post-pandemic CX landscape.
TTEC Holdings, Inc. (NASDAQ: TTEC) announced a cash dividend of $0.47 per common share, to be paid on October 22, 2021. Shareholders on record as of October 8, 2021 will receive this semi-annual dividend, marking a 9.3% increase from April 2021 and 17.5% from October 2020. The company is a leader in customer experience technology, operating globally with a workforce of nearly 58,500. TTEC's CX solutions enhance customer interactions through its cloud-based platform.
TTEC Holdings (NASDAQ: TTEC) announced the resolution of a cyber attack that began on September 12, 2021. The company promptly initiated remediation and was able to restore full operational capabilities globally within five days. TTEC emphasized its commitment to bolster cyber security and continues to assess the incident's business impact. The management highlighted the team's resilience and quick response as a testament to their business continuity expertise. TTEC remains focused on client-facing processes amid the recovery efforts.
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