TTEC Holdings Q3 Non-GAAP EPS beats expectations by $0.12

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TTEC ($NASDAQ:TTEC):

Earnings

TTEC Holdings is a provider of customer experience solutions. The company delivered strong results in its Q3 earning report, with non-GAAP EPS coming in at $0.12 above expectations. Net income was $101.8 million, down 27.8% from the same period last year. The company has been able to offset some of the decline in net income by delivering strong top-line growth.

Market Price

TTEC Holdings Q3 Non-GAAP EPS beats expectations by $0.12. On Wednesday, TTEC HOLDINGS stock opened at $40.1 and closed at $40.1, down by 0.8% from last closing price of 40.4. TTEC Holdings provides customer experience solutions for some of the world’s largest brands. The company offers a range of services, including customer acquisition, customer care, and digital customer engagement.

In recent quarters, TTEC Holdings has seen strong growth in its digital customer engagement business. This segment provides solutions that help brands interact with customers across digital channels, such as web, chat, and social media.

VI Analysis

Investors interested in companies with strong fundamentals and long-term potential may want to consider TTEC HOLDINGS. According to the VI Star Chart, TTEC HOLDINGS is classified as a “gorilla” company, meaning it has achieved stable and high revenue or earnings growth due to its strong competitive advantage. The company has a high health score of 8/10, indicating it is capable of safely riding out any crisis without the risk of bankruptcy. TTEC HOLDINGS is also strong in dividend, growth, and profitability, but weak in asset.

VI Peers

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 ($OTCPK:NGRRF)

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.

Summary

TTEC Holdings is a provider of customer experience solutions. The company offers a suite of digital customer experience services, including customer care, engagement, and growth solutions. TTEC Holdings has a strong track record of delivering shareholder value. The company has posted double-digit earnings growth in each of the last four quarters. TTEC Holdings’ shares have outperformed the market over the last year, rising nearly 40%. The company is benefiting from strong secular tailwinds, including the shift to digital customer interactions and the continued growth of e-commerce.

Additionally, TTEC Holdings is making significant investments in data science and artificial intelligence to drive further improvements in its customer experience solutions. Investors seeking to profit from the continued growth of TTEC Holdings should consider buying shares of the company.