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Mar 31, 2022
TTEC Q1 2022 Earnings Report
Reported strong bookings and large deal activity driven by demand for digital transformation technology and services.
Key Takeaways
TTEC announced strong first quarter results with revenue of $588.7 million and significant bookings of $195 million. The company is reiterating its full year 2022 guidance.
First quarter revenue reached $588.7 million.
Operating income was $48.3 million, representing 8.2% of revenue.
Non-GAAP operating income was $67.2 million, or 11.4% of revenue.
Bookings amounted to $195 million.
Forward Guidance
TTEC is well positioned for continued profitable organic growth in 2022, augmented further with strategic acquisitions, based on a growing sales pipeline, strong bookings, and an increased revenue backlog. The company is reiterating its 2022 guidance.
Positive Outlook
- Strong bookings and large deal activity.
- Demand for digital transformation technology and services continues to build.
- Growth in the Digital segment reflects the work done to create differentiated end-to-end CX technology solutions.
- Positive market response to TTEC's offerings demonstrates how the focus on CX will continue to differentiate the company.
- Expanding suite of integrated CX offerings increases TTEC’s value proposition.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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