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) 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.
TTEC Government Solutions LLC, a subsidiary of TTEC Holdings (NASDAQ:TTEC), has secured a significant contract to manage customer contact operations for major tolling authorities in the New York-New Jersey area. This includes the New York State Thruway Authority and The Port Authority of New York and New Jersey. The contract, which began its implementation phase in summer 2022, aims for a go-live date in January 2024. TTEC will leverage its extensive public sector experience and recent acquisitions to enhance customer care operations for toll authorities.
TTEC Holdings, a leader in customer experience technology, has appointed Charles Koskovich as the new Chief Operating Officer (COO) of TTEC Engage. Koskovich brings over 30 years of experience in the industry, having previously served as TTEC's COO and held leadership roles at TELUS International and Concentrix. His focus will be on enhancing employee experience and driving international expansion, integral to TTEC's growth strategy. CEO Shelly Swanback emphasized that Koskovich's leadership will amplify the company's core values and future initiatives.
TTEC Holdings, Inc. (NASDAQ: TTEC) has been chosen as a development partner by KCH Interventional Facilities Management to facilitate their digital transformation using Microsoft Dynamics 365 and Power Platform. TTEC Digital's extensive healthcare experience will enhance operational efficiencies and patient experiences. The partnership underscores TTEC's strong Microsoft credentials and its recognition as a Microsoft Gold Partner for six consecutive years. This collaboration aims to bolster KCH's value to UK healthcare providers.
TTEC Holdings, Inc. (NASDAQ:TTEC) has launched a new global delivery center in Cape Town, South Africa, initially focusing on customer experience (CX) services for a global automotive leader. CEO Shelly Swanback stated that this expansion aims to enhance geographic presence and deliver superior customer value. South Africa is recognized for its talent pool and strong English capabilities, attracting interest from U.S. clients. TTEC operates over 70 centers globally, emphasizing the importance of operational efficiency and customer service amidst economic challenges.
TTEC Holdings reported second-quarter 2022 revenue of $604.3 million, an 8.9% increase year-over-year. Operating income was $35.9 million (5.9% of revenue), with non-GAAP operating income at $61.2 million (10.1% of revenue). Net income was $25.2 million, translating to EPS of $0.53. TTEC signed $170 million in new bookings. Despite strong cash flows and a 16.3% increase in dividends, the outlook for the remainder of the year shows a more cautious approach due to changing client decisions and growth moderation.
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