Teletech Holdings (TTEC) Reports In-Line Q2 EPS

Teletech Holdings (NASDAQ: TTEC) reported Q2 EPS of $0.28, in-line with the analyst estimate of $0.28. Revenue for the quarter came in at $305.1 million versus the consensus estimate of $305.72 million.

GUIDANCE:

"While we are disappointed with our current results and near-term outlook, we are confident in both the market demand for digital, outcome-based customer experience solutions, and the relevancy and differentiation in our holistic customer experience platform," commented Regina Paolillo, chief financial and administrative officer of TeleTech. "Our priorities are focused on closing the sales execution gaps underlying the change in our 2016 revenue guidance and ensuring we pick up the pace on delivering higher levels of profitability, as reflected in the uptick in our 2016 operating income margin guidance."

Teletech Holdings sees FY2016 revenue of $1.285-1.295 billion, versus prior guidance of $1.335-1.345 billion and the consensus of $1.33 billion.

• We are increasing our operating margin guidance to a range between 8.4 and 8.6 percent before asset impairments and restructuring charges, compared to 8.1 and 8.3 percent.

For earnings history and earnings-related data on Teletech Holdings (TTEC) click here.

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