TTEC Holdings, Inc. (NASDAQ:TTEC) Q1 2023 Results Conference Call May 4, 2023 8:30 AM ET

Company Participants

Paul Miller - SVP, Treasurer and IR

Ken Tuchman - Chairman and CEO, TTEC

Shelly Swanback - CEO, TTEC Engage and President, TTEC

Francois Bourret - Interim CFO, TTEC

Conference Call Participants

George Sutton - Craig-Hallum

Maggie Nolan - William Blair

Bryan Bergin - TD Cowen

Mike Latimore - Northland Capital Markets

Pallav Saini - Canaccord

Jinli Chan - Bank of America

Operator

Welcome to TTEC's First Quarter 2023 Earnings Conference Call. [Operator Instructions] This call is being recorded at the request of TTEC.

I would now like to turn the call over to Paul Miller, TTEC's Senior Vice President, Treasurer and Investor Relations Officer. Thank you, sir. You may begin.

Paul Miller

Good morning and thank you for joining us today. TTEC is hosting this call to discuss its first quarter financial results for the period ended March 31, 2023. Participating on today's call are Ken Tuchman, Chairman and Chief Executive Officer of TTEC; Shelly Swanback, Chief Executive Officer of TTEC Engage and President of TTEC; and Francois Bourret, Interim Chief Financial Officer of TTEC.

Yesterday, TTEC issued a press release announcing its financial results. While this call will reflect items discussed within the document, for complete information about our financial performance, we also encourage you to read our first quarter 2023 quarterly report on Form 10-Q, which we anticipate filing in the coming business days.

Before we begin, I want to remind you that matters discussed on today's call may include forward-looking statements related to our operating performance, financial goals and business outlook, which are based on management's current beliefs and assumptions. Please note that these forward-looking statements reflect our opinion as of the date of this call, and we undertake no obligation to revise this information as a result of new developments that may occur.

Forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from those expected and described today. For a more detailed description of our risk factors, please review our 2022 annual report on Form 10-K. A replay of this conference call will be available on our website under the Investor Relations section.

I will now turn the call over to Ken.

Ken Tuchman

Thanks, Paul, and good morning, everyone. We appreciate you joining us today. We're off to a strong start in 2023 with a beat on both top and bottom line. Revenue increased 8.6% to $633 million on a constant currency basis. Adjusted EBITDA was $83 million or 13.1% of revenue, and non-GAAP EPS was $0.78 per share.