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.
TTEC Holdings reported a 7.5% increase in full-year 2022 revenue to $2.444 billion, with a net income of $117.3 million. Operating income was $168.5 million, representing 6.9% of revenue. Fourth quarter revenue also grew 7.5% year-over-year to $658.3 million, while net income stood at $25.6 million. Bookings for 2022 hit $762 million. The company anticipates 2023 revenue between $2.46 billion and $2.54 billion, with non-GAAP earnings per share projected at $2.38 to $2.71.
TTEC Holdings, Inc. (NASDAQ:TTEC) announced the release of its fourth quarter and full year 2022 financial results, set for after market close on February 27, 2023. A conference call and live webcast will follow on February 28, 2023, at 8:30 a.m. ET. Investors can access the webcast through the TTEC website. TTEC is recognized as a leader in customer experience technology and services, offering a comprehensive range of digital solutions through its proprietary platform, CXaaS. The company employs 62,700 individuals globally, focused on enhancing the customer journey and operational efficiency.
TTEC Holdings, Inc. (NASDAQ:TTEC) announced the appointment of Adam Foster as President of TTEC EMEA, effective immediately. This strategic move aims to enhance TTEC's growth in the Europe, Middle East, and Africa regions. Foster, previously CEO at Hinduja Global Solutions (HGS) in Europe, brings extensive experience in customer experience (CX) technology and outsourcing. Alongside him, Rob Allman will lead TTEC Digital in EMEA, following his tenure at NTT where he grew digital CX services. TTEC aims to optimize its footprint and drive significant growth in the expanding markets across the region.
TTEC Holdings, Inc. (NASDAQ:TTEC) announced the launch of InteractionSync for Amazon Connect, a cloud-based software designed to enhance contact center efficiency. This product integrates Amazon Connect voice interactions with Microsoft Dynamics 365, enabling agents to manage customer interactions more efficiently. InteractionSync saves time through intelligent screen pops and automated activity creation, which streamlines access to customer data. The tool aims to improve the quality of customer interactions and operational performance by providing enhanced data access and reducing training time for agents.
TTEC Holdings, Inc. expands its partnership with Google Cloud to leverage AI-powered Contact Center-as-a-Service (CCaaS) capabilities. This collaboration enhances real-time customer interactions across digital channels. TTEC Digital aims to drive customer engagement through optimized mobile interactions and predictive engagements. The partnership builds on previous collaborations, focusing on automation, unified customer data, and improved agent insights to boost customer satisfaction and loyalty. With over 62,000 employees, TTEC continues to innovate in customer experience technology.
TTEC Holdings, Inc. (NASDAQ:TTEC) announced that its subsidiary, VoiceFoundry, has achieved the Amazon Web Services (AWS) Conversational AI Competency. This recognition highlights VoiceFoundry's capability in creating effective chatbot and voice response solutions. The demand for conversational AI is rising as businesses seek to enhance customer satisfaction and reduce costs. This competency sets VoiceFoundry apart as a knowledgeable AWS partner, aiding organizations in improving customer experiences through automation.
TTEC Holdings, Inc. (NASDAQ:TTEC) reported Q3 2022 revenue of $592.5 million, a 4.5% increase year-over-year, with GAAP operating income at $35.6 million (6.0% of revenue). Net income was $25 million (4.2% of revenue), while adjusted EBITDA stood at $72.2 million (12.2% of revenue). The company signed bookings worth $200 million and reaffirmed its full-year 2022 outlook despite foreign exchange impacts. Cash flow from operations decreased to $27.5 million. TTEC declared a semi-annual dividend of $0.52 per share with a 10.6% increase from the previous year.
TTEC Holdings, Inc. (NASDAQ:TTEC) has appointed Dave Seybold as CEO of TTEC Digital, effective November 28, 2022, while Shelly Swanback has been promoted to President and continues as CEO of TTEC Engage. The leadership changes aim to enhance growth and innovation in customer experience (CX). Ken Tuchman remains as Chairman and CEO, focusing on strategic direction. Seybold brings over 30 years of experience in digital growth from companies like IBM, while Swanback will expand her influence across corporate functions. TTEC strives for profitable growth as it enters its 40th year.
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