TTEC Announces Record Second Quarter 2020 Financial Results

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Go back to TTEC Announces Record Second Quarter 2020 Financial Results

UPDATE: TTEC Holdings (TTEC) Tops Q2 EPS by 40c, Revenues Beat; Raises FY20 EPS/Revenue Guidance Above Consensus

August 5, 2020 4:24 PM EDT

(Updated - August 5, 2020 4:25 PM EDT)

TTEC Holdings (NASDAQ: TTEC) reported Q2 EPS of $0.75, $0.40 better than the analyst estimate of $0.35. Revenue for the quarter came in at $453.1 million versus the consensus estimate of $395.2 million.

SECOND QUARTER 2020 FINANCIAL HIGHLIGHTS

Revenue

Second quarter 2020 GAAP revenue increased 15.4 percent to $453.1 million compared to $392.5 million in the prior year period, or 16.3 percent growth in constant currencies.Foreign exchange had a $3.5 million negative impact on revenue in the second quarter 2020.

Income from Operations

Second quarter 2020 GAAP income from operations was $49.0 million, or 10.8 percent of... More