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Sep 30, 2023
TTEC Q3 2023 Earnings Report
TTEC's Q3 2023 performance reflected a revenue increase and strategic alignment with client priorities, but the financial outlook was moderated due to macroeconomic conditions and client impacts.
Key Takeaways
TTEC Holdings, Inc. reported a 1.8% year-over-year increase in revenue for Q3 2023, reaching $603.0 million. The company's operating income was $25.4 million, with a net income of $1.8 million, and an EPS of $0.04.
Revenue increased by 1.8% year-over-year to $603.0 million.
Operating income reached $25.4 million, or 4.2% of revenue.
Net income was $1.8 million, representing 0.3% of revenue.
Fully diluted EPS was reported at $0.04.
Forward Guidance
TTEC updated its full-year guidance due to rapidly changing macroeconomic uncertainties impacting a number of clients and putting downward pressure on the fourth quarter financial outlook. As they pivot to 2024, they remain focused on their strategic priorities that deliver improved profitable growth and look forward to providing their full-year 2024 outlook when they announce their fourth quarter earnings results at the end of February.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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