TTEC HOLDINGS ($NASDAQ:TTEC) released their financial results for the second quarter of FY2023 (ending June 30 2023) on August 4 2023. Total revenue amounted to USD 600.4 million, a decrease of 0.6% from the same period in the prior year. Net income was USD 1.2 million, a decrease of 95.2% from the same quarter of the previous year.
On Friday, TTEC HOLDINGS reported positive earnings for the second quarter of its fiscal year 2023, ending June 30th, 2023. The company’s stock opened at $32.8 and closed at $32.2, a decrease of 2.0% from its previous closing price of 32.8. The positive earnings results reflect the success of the company’s investments in technology and digital customer experience solutions. These investments have enabled TTEC HOLDINGS to remain competitive in an increasingly complex and fast-paced marketplace. TTEC HOLDINGS has consistently demonstrated its commitment to providing superior customer experiences through innovation and digital transformation initiatives.
This strategy has allowed the company to remain competitive and increase its market share. Furthermore, the company has focused on creating an integrated customer experience platform that spans across multiple channels, enabling it to offer a comprehensive customer engagement solution. Overall, TTEC HOLDINGS reported impressive financial results in its second quarter of FY2023. Looking ahead, the company remains focused on innovation and digital transformation as it continues to strive for growth and expand its reach in the global market. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
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At GoodWhale, we have conducted an analysis of TTEC HOLDINGS‘ wellbeing. In summary, TTEC HOLDINGS is a medium risk investment in terms of financial and business aspects. GoodWhale has detected two risk warnings in the balance sheet and cashflow statement. This means that investors should be aware of the risks associated with investing in TTEC HOLDINGS. If you’d like to know more, register with us and we can provide further details. We can also offer advice on how to manage your investments in TTEC HOLDINGS to minimize risk. As part of our analysis, we assess the liquidity of the company, the quality of their financial statements, and the potential for financial losses. With this information, you can make an informed decision when deciding whether or not to invest in TTEC HOLDINGS. More…
Risk Rating Analysis
Star Chart Analysis
The company offers a suite of digital customer engagement technologies and services that enable clients to manage customer interactions across multiple channels. TTEC’s competitors include Nagarro SE, Banxa Holdings Inc, and I&I Group PCL.
Nagarro SE is a global provider of digital transformation solutions. The company has a market cap of 1.3B as of 2022 and a ROE of 37.18%. Nagarro helps companies transform their businesses by providing end-to-end digital solutions. The company has a strong focus on delivering customer value and has a proven track record of helping companies achieve their business goals. Nagarro is a trusted partner for some of the world’s leading companies and has a global team of over 4,000 experts.
– Banxa Holdings Inc ($TSXV:BNXA)
Banxa Holdings Inc is a Canadian company that provides online payment solutions for businesses. Its services include online invoicing, credit card processing, and merchant account management. The company has a market capitalization of 49.19 million as of 2022 and a return on equity of -46.42%. Despite its negative equity, Banxa Holdings Inc is a valuable company due to its ability to provide businesses with secure and efficient payment solutions. The company’s products and services are in high demand, and its client base is growing. Banxa Holdings Inc is a company to watch in the coming years.
– I&I Group PCL ($SET:IIG)
PCL is a leading investment company in Thailand with a market cap of 4.03B as of 2022. It has a strong focus on ROE with a return of 13.91%. The company has a diversified portfolio including real estate, hospitality, and healthcare.
Investors in TTEC HOLDINGS have seen mixed results in the company’s FY2023 Q2 earnings. Revenue was slightly down year-over-year, coming in at USD 600.4 million. However, net income saw a dramatic decrease of 95.2%, coming in at just USD 1.2 million. These results may give investors pause, and suggest that the company may need to reassess its strategies and operations in order to remain competitive and profitable in the long run.