Key Developments For TeleTech Holdings Inc
TeleTech Holdings Inc (TTEC.O) (Nasdaq)
TeleTech Holdings, Inc. Issues Q4 2009 Revenue Guidance Below Analysts' Estimates
TeleTech Holdings, Inc. announced that for fourth quarter of 2009 revenue will be approximate to third quarter 2009 revenue. The Company reported revenue of $281.5 million. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $296 million for the same period.
TeleTech Holdings, Inc. Announces Increased Authorization For Share Repurchases
TeleTech Holdings, Inc. announced that its Board of Directors has approved an increase of $25 million in the funding available for share repurchases. This authorization brings the current total amount available for repurchase to approximately $34 million from the $9.3 million that was still available for share repurchases as of June 30, 2009 under the previous authorization approved by the Board in February 2009. The stock repurchase authorization does not have an expiration date, and the pace of repurchase activity will depend on factors such as levels of cash generation from operations, current stock price, and other factors.
TeleTech Holdings, Inc. Comments On FY 2009 Revenue Outlook
TeleTech Holdings, Inc. announced that, in light of the challenging global economic climate, it currently believes its fiscal 2009 revenue will be adversely impacted by the following: the stronger U.S. dollar in fiscal 2009 relative to currencies of certain foreign subsidiaries is currently expected to adversely impact TeleTech's fiscal 2009 revenue between $60 and $80 million when compared to fiscal 2008; the continued migration to offshore locations of certain domestic work currently performed in Asia Pacific, Europe and North America is estimated to reduce fiscal 2009 revenue between $60 and $70 million when compared to fiscal 2008; while TeleTech continues to sign and ramp new business, the organic revenue growth from these programs is expected to be more than offset by lower volumes with certain existing clients due to reduced demand for their products or services. This is expected to result in an estimated net revenue reduction in fiscal 2009 of between $80 and $90 million when compared to fiscal 2008. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $1.200 billion for fiscal 2009.
FCC Selects TeleTech Holdings, Inc.'s Government Solutions to Support Digital TV Transition
TeleTech Holdings, Inc. announced its subsidiary, TeleTech Government Solutions, LLC, has been selected by the Federal Communications Commission (FCC) to assist consumers with the digital television transition across the country. TeleTech Government Solutions has employed 4,000 temporary associates to provide telephone assistance with Digital TV (DTV) converter box installation and troubleshooting support prior to, and following, the June 12, 2009 conversion deadline.
TeleTech Holdings, Inc. Comments On FY 2009 Revenue Outlook-Conference Call
TeleTech Holdings, Inc. announced that for fiscal 2009, it expects revenue to decline 8% to 10% on a constant currency basis. The Company reported revenue of $1.400 billion in fiscal 2008. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $1.285 billion for fiscal 2009.
