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, 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.
TTEC Holdings, Inc. (NASDAQ:TTEC) will announce its third quarter 2022 financial results after market close on November 9, 2022. A live webcast and conference call will be held on November 10, 2022, at 8:30 a.m. ET.
The company is a leader in customer experience technology and services, providing comprehensive digital CX solutions through its cloud-based CXaaS platform, enhancing customer interactions across various channels.
TTEC Holdings, Inc. (NASDAQ:TTEC) has been awarded the prestigious Microsoft Business Applications Inner Circle award for 2022/2023, recognizing its top-ranking sales achievements among Microsoft partners. This marks the seventh consecutive year TTEC Digital has received this honor. The company's commitment to customer success and its dedication to digital transformation have set it apart in the competitive CX solutions market. Additionally, TTEC Digital was named a Microsoft Partner of the Year Finalist for 2022/2023 in Dynamics 365 Customer Insights & Marketing, further highlighting its industry excellence.
TTEC Holdings, Inc. (NASDAQ: TTEC) announced a cash dividend of $0.52 per share, set to be paid on October 26, 2022, to shareholders recorded by October 11, 2022. This dividend represents a 10.6% increase over the previous year's payment in October 2021 and a 4.0% increase compared to the April 2021 dividend. TTEC is known for its innovative customer experience solutions, employing nearly 60,000 staff globally, and aims to enhance customer interactions through advanced technology.
TTEC Holdings, Inc. (NASDAQ:TTEC) has announced the launch of the inaugural CXcellence Awards, in partnership with the Customer Strategist Journal, to recognize outstanding customer and employee experiences. Nominations opened on Sept. 26 and will be accepted until Oct. 24. Awards will honor achievements in various categories, including Best Overall CX and Best Use of Emerging Contact Center Channel. Winners will be featured in the February 2023 issue of the journal. The initiative aims to promote innovation and excellence in the rapidly evolving customer experience sector.
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