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Mar 31, 2021
TTEC Q1 2021 Earnings Report
Reported record financial results for the first quarter of 2021.
Key Takeaways
TTEC Holdings, Inc. announced record first quarter financial results with revenue increasing 25 percent to $539.2 million. The company is raising its outlook for full year 2021.
Revenue increased 25 percent to $539.2 million.
Operating Income was $73.4 Million or 13.6 Percent of Revenue (Non-GAAP $79.9 Million or 14.8 Percent of Revenue)
Net Income was $50.4 Million ($59.7 Million Non-GAAP)
Bookings Increased 95 Percent to $170 Million in the First Quarter 2021
Forward Guidance
The company raised its full-year 2021 outlook, including Avtex.
Positive Outlook
- Revenue between $2.191 and $2.221 billion, an increase of 12.4 and 14.0 percent over the prior year.
- Non-GAAP Operating Income margins between 12.0 and 12.4 percent.
- Non-GAAP Adjusted EBITDA margins between 15.0 and 15.3 percent.
- Non-GAAP Earnings Per Share between $4.14 and $4.32.
- Capital expenditures are estimated to between 3.1 and 3.3 percent of revenue, of which approximately 60 percent is growth oriented.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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