Business
TTEC Announces Third Quarter 2022 Financial Results
Third Quarter 2022 Revenue was $592.5 MillionOperating Income was $35.6 Million or 6.0 Percent of Revenue($50.2 Million or 8.5 Percent of Revenue Non-GAAP)Net
About this update from Ttec Holdings, Inc.
[{"type":"text","content":"Third Quarter 2022\nRevenue was $592.5 MillionOperating Income was $35.6 Million or 6.0 Percent of Revenue($50.2 Million or 8.5 Percent of Revenue Non-GAAP)Net Income was $25.0 Million or 4.2 Percent of Revenue($35.0 Million or 5.9 Percent of Revenue Non-GAAP)Adjusted EBITDA was $72.2 Million or 12.2 Percent of RevenueFully Diluted EPS was $0.53 ($0.74 Non-GAAP)\nSigns Bookings of $200 MillionReiterates Outlook for Full Year 2022\nDENVER, Nov. 9, 2022 /PRNewswire/ -- TTEC Holdings, Inc. (NASDAQ:TTEC), one of the largest, global CX (customer experience) technology and services innovators for end-to-end digital CX solutions, announced today financial results for the third quarter, ended September 30, 2022.\n\"I'm pleased with our solid execution and results for the third quarter. We continued to accelerate our diversification strategy by expanding into new nearshore and offshore delivery locations, growing with new and embedded base clients across strategic verticals, innovating in our comprehensive portfolio of digital CX solutions, and deepening collaboration with our best-in-class CX technology partners,\" commented Ken Tuchman, chairman and chief executive officer of TTEC. \nTuchman continued, \"We also continue to strengthen our executive leadership team. We welcome digital industry leader, Dave Seybold, as CEO of TTEC Digital. In addition, Shelly Swanback, CEO of TTEC Engage, will assume expanded responsibilities as President of TTEC. With these two proven executives at my side, among many others, I am energized about the caliber of our leadership, our differentiated approach to CX, and our vision for the future.\"\nTHIRD QUARTER 2022 FINANCIAL HIGHLIGHTS \nRevenue \nThird quarter 2022 GAAP revenue increased 4.5 percent to $592.5 million compared to $566.7 million in the prior year period. Foreign exchange had a $14.1 million negative impact on revenue in the third quarter 2022.Income from Operations\nThird quarter 2022 GAAP income from operations was $35.6 million, or 6.0 percent of revenue, compared to $26.0 million, or 4.6 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 $50.2 million or 8.5 percent of revenue versus $59.4 million or 10.5 percent for th...