Filing Flows › Ttec Holdings (TTEC) › Q1 2025
Ttec Holdings (TTEC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Ttec Holdings (TTEC) reported revenue of $534M for the first quarter 2025 (Q1 2025), -7% from a year earlier and -6% from the quarter before. Operating margin was 4.5%, net earnings $1.4M (0.3% of revenue).
Ttec Holdings, Q1 2025: revenue $534M (-7% year over year), operating margin 4.5%, net earnings $1.4M, operating cash flow $21.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $534M | -6% | -7% |
| Operating profit | $24.2M | +58% | +7% |
| Net earnings | $1.4M | -31% | — |
| Operating cash flow | $21.6M | — | — |
| Free cash flow | $16.2M | — | — |
What changed
Revenue was $534.2M in Q1 2025, down 7% year over year and down 6% from the previous quarter. TTEC Engage was the largest line at 80% of revenue. TTEC Engage lost $38.4M year over year (down 8%), 91% of the total change.
Operating profit was $24.2M, a 4.5% margin (up 0.6 points year over year). Total costs fell 8% while revenue fell 7%. Net earnings were $1.4M. The effective tax rate was 74.2%.
Operating cash flow was $21.6M, 665% of net income including minority interests. Non-cash charges added back $22.7M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $7.6M. After total Cash Capital Expenditures ($5.4M), free cash flow as the company reports it was $16.2M.
Questions
What was Ttec Holdings' revenue in the first quarter 2025?
Ttec Holdings (TTEC) reported revenue of $534M for the first quarter 2025 (Q1 2025), -7% from a year earlier and -6% from the quarter before.
Was Ttec Holdings profitable in the first quarter 2025?
Operating profit was $24.2M (4.5% of revenue) and net earnings $1.4M.
Source: Ttec Holdings 10-Q on SEC EDGAR.