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TTEC Holdings, Inc. - TTEC STOCK NEWS

Welcome to our dedicated page for TTEC Holdings news (Ticker: TTEC), a resource for investors and traders seeking the latest updates and insights on TTEC Holdings stock.

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.

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TTEC Holdings, Inc. releases its 2023 Impact and Sustainability Report, showcasing a shift from traditional ESG focus to a broader impact and sustainability mandate. The report highlights TTEC's commitment to sustainable growth, corporate responsibility, and transparency in environmental, social, and governance initiatives.
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TTEC Holdings, Inc. reports Full Year 2023 revenue of $2.463 billion, up 0.8%, with Operating Income at $118.0 million. However, Fourth Quarter 2023 revenue decreased by 4.9%. The company's 2024 outlook faces challenges in the TTEC Engage segment due to client budget constraints and the discontinuation of a line of business.
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TTEC Holdings, Inc. appoints Kenneth R. Wagers III as Chief Financial Officer, bringing extensive experience from Fortune 500 companies like UPS, XPO Logistics, and Amazon. Wagers' background in finance, operations, and supply chain management will enhance TTEC's financial strategies and operational efficiency.
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TTEC Holdings, Inc. will release its earnings results on February 29, 2024, followed by a live webcast and conference call on March 1, 2024. Investors can join the webcast on the company's website.
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TTEC Holdings Inc. (NASDAQ:TTEC) announced that TTEC Digital has been recognized as the Cisco Partner Summit 2023 Collaboration Partner of the Year for the U.S. West Region. This award highlights TTEC Digital's innovation, leadership, and best practices as a Cisco partner. The company's expertise in Cisco technologies and commitment to strengthening customer experience were acknowledged. TTEC Digital has previously earned Cisco Partner of the Year recognition five times and holds more than a dozen Cisco partner specializations.
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TTEC Holdings Inc. (NASDAQ: TTEC) announces results of inaugural AI Readiness Assessment, emphasizing critical success factors like cloud migration, knowledge management, voice to digital mix, and conversational intelligence.
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TTEC Holdings Inc. (NASDAQ: TTEC) wins Talent Acquisition Team of the Year at the OnCon Icon Awards 2023, showcasing their innovative approach to hiring talented associates globally.
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TTEC Holdings Inc. (NASDAQ:TTEC) has been named to the Forbes list of the World's Top Companies for Women 2023 for the third consecutive year. The company's commitment to inclusivity and empowering women has been recognized through its innovative programs, supportive culture, and inspiring leadership. TTEC has a growing percentage of female employees in leadership roles, with more than half of its management positions filled by women. The company has also been recognized for its diversity and inclusivity efforts on multiple other Forbes lists and has been named as one of the HR Asia Best Companies to Work for in Asia Philippines 2023.
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TTEC Holdings Inc. (NASDAQ:TTEC) expands its global customer experience delivery footprint with the opening of a new dedicated facility in Cape Town, South Africa. The facility will accommodate several hundred associates and aims to provide exceptional customer experiences to global clients in industries such as automobile manufacturing, telecommunications, and healthcare. TTEC plans to open additional delivery centers in Africa in 2024, showcasing its long-term commitment to the continent.
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TTEC Holdings, Inc. (NASDAQ: TTEC) announced Q3 2023 revenue of $603.0M, up 1.8% YoY, with an updated full year outlook. Non-GAAP operating income was $47.3M or 7.8% of revenue, and Non-GAAP EPS was $0.48. The company reported a negative cash flow from operations of $31.7M and a net debt position of $815.7M as of September 30, 2023.
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FAQ

What is the current stock price of TTEC Holdings (TTEC)?

The current stock price of TTEC Holdings (TTEC) is $4.74 as of November 15, 2024.

What is the market cap of TTEC Holdings (TTEC)?

The market cap of TTEC Holdings (TTEC) is approximately 223.1M.

What does TTEC Holdings, Inc. do?

TTEC Holdings, Inc. provides customer engagement management tools and services through its TTEC Digital and TTEC Engage segments.

What are TTEC's core business segments?

TTEC operates through two main segments: TTEC Digital, which focuses on customer experience tools, and TTEC Engage, which delivers sales and marketing solutions.

Where does TTEC generate most of its revenue?

The majority of TTEC's revenue comes from the United States and Canada, followed by the Philippines, Asia-Pacific, and India.

What recent achievements has TTEC made?

TTEC was named the Cisco Partner Summit 2023 Collaboration Partner of the Year for the U.S. West Region and has been certified as a Great Place to Work® in 14 countries.

How is TTEC leveraging AI?

TTEC uses AI to enhance customer experience solutions, including AI Readiness Assessments, AI Workshops, Strategic AI Roadmaps, Deployment, and Continuous Improvement.

Who is TTEC's new CFO?

Kenneth R. Wagers III was named TTEC's Chief Financial Officer, effective March 1, 2024.

What is TTEC's approach to customer experience?

TTEC merges technology and human expertise to deliver exceptional customer outcomes, focusing on AI-enabled solutions and cloud-based CX technology.

What sectors does TTEC serve?

TTEC serves a wide range of sectors, including universities, research institutions, small and medium-sized businesses, and the public sector.

Where can I find TTEC's latest financial results?

TTEC's latest financial results can be found on their website in the 'Investors Relations' section or through press releases issued after market close.

What is TTEC's focus for future growth?

TTEC is focused on sustainable growth initiatives, debt reduction, and leveraging digital transformation to enhance customer interactions and loyalty.

TTEC Holdings, Inc.

Nasdaq:TTEC

TTEC Rankings

TTEC Stock Data

223.13M
47.73M
58.91%
36.73%
8.63%
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