Business
TTEC Announces First Quarter 2023 Financial Results
First Quarter 2023 Revenue was $633.3 Million, up 7.6 Percent and 8.6 Percent on a Constant Currency BasisOperating Income was $44.4 Million or 7.0 Percent of
About this update from Ttec Holdings, Inc.
[{"type":"text","content":"First Quarter 2023\nRevenue was $633.3 Million, up 7.6 Percent and 8.6 Percent on a Constant Currency BasisOperating Income was $44.4 Million or 7.0 Percent of Revenue($60.7 Million or 9.6 Percent of Revenue Non-GAAP)Net Income was $20.9 Million or 3.3 Percent of Revenue($36.9 Million or 5.8 Percent of Revenue Non-GAAP)Adjusted EBITDA was $82.9 Million or 13.1 Percent of RevenueFully Diluted EPS was $0.44 ($0.78 Non-GAAP)\nReiterates Outlook for Full Year 2023\nDENVER, May 3, 2023 /PRNewswire/ -- TTEC Holdings, Inc. (NASDAQ: TTEC), a leading global CX (customer experience) technology and services innovator for AI-enabled digital CX solutions, announced today financial results for the first quarter ended March 31, 2023.\n\"2023 is off to a strong start exceeding expectations. Our financial performance demonstrates our full range of AI-enabled digital CX technology, advanced analytics, consulting, managed services, and operational capabilities that continue to deliver strategic value to our clients, especially across our more resilient industries in healthcare, financial services, and public sector,\" commented Ken Tuchman, chairman and chief executive officer of TTEC.\nTuchman continued, \"We made progress this quarter expanding our geographic footprint with new delivery and language diversity for our clients, advancing our AI-driven technology solutions, and strengthening our partnerships with the leading CX technology players. Our management is executing against our strategy, our clients are relying on us as trusted partners, and our talented frontline teams are delivering positive results for our clients and their customers across the globe.\"\nFIRST QUARTER 2023 FINANCIAL HIGHLIGHTS \nRevenue \nFirst quarter 2023 GAAP revenue increased 7.6 percent to $633.3 million compared to $588.7 million in the prior year period.Foreign exchange had a $6.1 million negative impact on revenue in the first quarter of 2023.Income from Operations\nFirst quarter 2023 GAAP income from operations was $44.4 million, or 7.0 percent of revenue, compared to $48.3 million, or 8.2 percent of revenue in the prior year period.Non-GAAP income from operations, excluding restructuring and impairment charges, equity-based compensation expenses, amortization of purchased intangibles, and other items, was $60.7 million, or 9.6 percent of revenue, compared to $...