Filing Flows › Ttec Holdings (TTEC) › Q4 2024
Ttec Holdings (TTEC) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
Ttec Holdings (TTEC) reported revenue of $567M for the fourth quarter 2024 (Q4 2024), -9% from a year earlier and +7% from the quarter before. Operating margin was 2.7%, net earnings $2.0M (0.4% of revenue).
Ttec Holdings, Q4 2024: revenue $567M (-9% year over year), operating margin 2.7%, net earnings $2.0M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $567M | +7% | -9% |
| Operating profit | $15.3M | +19% | -10% |
| Net earnings | $2.0M | — | — |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $567.4M in Q4 2024, down 9% year over year and up 7% from the previous quarter. TTEC Engage was the largest line at 80% of revenue.
Operating profit was $15.3M, a 2.7% margin (unchanged year over year). Total costs fell 9% while revenue fell 9%. Net earnings were $2.0M. The effective tax rate was 64.1%.
Operating cash flow was −$1.1M. Non-cash charges added back $23.7M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $32.8M. Capital expenditures of $8.7M exceeded it, leaving free cash flow of −$9.8M.
Questions
What was Ttec Holdings' revenue in the fourth quarter 2024?
Ttec Holdings (TTEC) reported revenue of $567M for the fourth quarter 2024 (Q4 2024), -9% from a year earlier and +7% from the quarter before.
Was Ttec Holdings profitable in the fourth quarter 2024?
Operating profit was $15.3M (2.7% of revenue) and net earnings $2.0M.
Source: Ttec Holdings 10-K on SEC EDGAR.