Investor Relations:

Press Release

<< Back
Print Version
TeleTech Announces Fourth Quarter And Full Year 2015 Financial Results
Mar 14, 2016
Fourth Quarter 2015 Results
Revenue was $341.8 Million ($357.0 Million Non-GAAP Constant Currency);
Operating Income was $25.1 Million, 7.3 Percent of Revenue (8.8 Percent Non-GAAP Constant Currency);
Fully Diluted EPS was 35 Cents (47 Cents Non-GAAP)
Signed $117 Million in New Business
Provides Outlook for Full Year 2016 Revenue and Operating Income

DENVER, March 14, 2016 /PRNewswire/ -- TeleTech Holdings, Inc. (NASDAQ: TTEC), a leading global provider of customer experience, engagement and growth solutions, today announced financial results for the fourth quarter and full year ended December 31, 2015. The Company also filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission for the year ended December 31, 2015.

"In 2015, we achieved another year of strong bookings, signed new marquee clients, expanded our integrated suite of offerings, and launched several innovative products," commented Ken Tuchman, chairman and chief executive officer of TeleTech. "On a non-GAAP constant currency basis, we reported year-over-year growth in revenue, operating income, cash flow from operations, and earnings per share. In addition, our three emerging segments performed well, with particular top and bottom line strength coming from our digitally-enabled Customer Growth Services and cloud-based Customer Technology Services segments."

Tuchman continued, "The market is ripe for our integrated customer experience managed services platform and we have the elements to accelerate market leadership. As we move into 2016, we are keenly focused on deepening and growing our client relationships, strengthening our heritage core offerings, investing in cloud delivery and digital innovation, executing on strategic acquisitions, and returning value to our shareholders through share repurchases and dividends."

FULL YEAR 2015 FINANCIAL HIGHLIGHTS

Revenue        

  • Full year 2015 GAAP revenue was $1.287 billion compared to $1.242 billion in 2014.
  • On a non-GAAP constant currency basis, 2015 revenue grew 8.8 percent to $1.351 billion over the prior year. Organic growth was 6.5 percent.

Income from Operations

  • Full year 2015 GAAP income from operations was $90.2 million or 7.0 percent of revenue compared to $96.5 million or 7.8 percent of revenue in 2014.
  • 2015 income from operations on a non-GAAP constant currency basis, adjusted for $9.9 million in restructuring charges and asset impairments, was $115.0 million, representing 8.5 percent of adjusted revenue versus 8.1 percent the prior year.

Earnings Per Share

  • Full year 2015 GAAP fully diluted earnings per share attributable to TeleTech shareholders was $1.26 compared to $1.44 in 2014.
  • Non-GAAP fully diluted earnings per share was $1.48 compared to $1.43 in the prior year.

Bookings

  • During the full year 2015, TeleTech signed an estimated $470 million in annualized contract value revenue from new and expanded client relationships, a seven percent increase over the prior year. The bookings mix was diversified across all verticals with approximately 80 percent from existing clients, 56 percent from emerging businesses, and 15 percent outside of the United States.

FOURTH QUARTER 2015 FINANCIAL HIGHLIGHTS

Revenue        

  • Fourth quarter 2015 GAAP revenue increased 1.1 percent to $341.8 million compared to $338.2 million in the prior year period.
  • Non-GAAP constant currency revenue increased 5.6 percent to $357.0 million over the prior year.

Income from Operations

  • Fourth quarter 2015 GAAP income from operations was $25.1 million, or 7.3 percent of revenue, compared to $30.1 million, or 8.9 percent of revenue in the fourth quarter 2014.
  • Non-GAAP constant currency income from operations, adjusted for $5.2 million in restructuring charges and asset impairments, was $31.3 million or 8.8 percent of revenue.

Earnings Per Share

  • Fourth quarter 2015 GAAP fully diluted earnings per share attributable to TeleTech shareholders was 35 cents compared to 44 cents in the same period last year.
  • Non-GAAP fully diluted earnings per share was 47 cents compared to 46 cents in the prior year.

Bookings

  • During the fourth quarter 2015, TeleTech signed an estimated $117 million in annualized contract value revenue from new and expanded client relationships, a 17 percent increase over the prior year quarter. The bookings mix was diversified across all verticals with 84 percent from existing clients, 45 percent from emerging businesses, and 20 percent from outside of the United States.

STRONG BALANCE SHEET CONTINUES TO FUND OPERATIONS, SHARE REPURCHASES, DIVIDENDS, AND INVESTMENTS

  • As of December 31, 2015, TeleTech had cash and cash equivalents of $60.3 million and $107.3 million of total debt, resulting in a net debt position of $47.0 million.
  • As of December 31, 2015, TeleTech had approximately $415 million of additional borrowing capacity available under its revolving credit facility.
  • Cash flow from operations in the fourth quarter 2015 was $17.6 million compared to $32.2 million in the fourth quarter 2014.
  • Capital expenditures in the fourth quarter 2015 were $17.4 million compared to $15.4 million in the fourth quarter 2014.
  • TeleTech repurchased twenty three thousand shares of common stock during the fourth quarter 2015 for a total cost of $0.6 million. For full-year 2015, TeleTech repurchased 686 thousand shares for a total cost of $17.2 million. As of December 31, 2015, $19.6 million was authorized for future share repurchases.
    On February 18, 2016, TeleTech's Board of Directors increased the authorized share repurchase allowance by an incremental $25 million.
  • TeleTech paid a semi-annual dividend of $0.18 per share on October 14, 2015 to shareholders of record on September 30, 2015.
    On February 18, 2016, TeleTech's Board of Directors declared an increase in the semi-annual dividend to $0.185 per share, payable on April 15, 2016 to shareholders of record on March 31, 2016.

SEGMENT REPORTING & COMMENTARY

TeleTech reports financial results for the following four business segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).  Financial highlights for the segments are provided below.

Customer Management Services (CMS) – Customer Experience Delivery Solutions

  • In the fourth quarter 2015, the CMS segment revenue was $238.3 million, down 4.7 percent compared to $250.1 million in the year ago quarter. Income from operations was $14.1 million or 5.9 percent of revenue compared to $20.8 million or 8.3 percent in the prior year.
  • Non-GAAP constant currency revenue increased 0.4 percent over the year ago period and income from operations, adjusted for $2.3 million in restructuring charges and asset impairments, was $17.1 million or 6.8 percent of adjusted revenue. This compares to $22.0 million or 8.8 percent of revenue in the prior year.

Customer Growth Services (CGS) – Digitally-Enabled Revenue Growth Solutions

  • CGS fourth quarter 2015 revenue grew 33.8 percent to $38.6 million compared to $28.9 million in the year ago quarter. Income from operations was $1.2 million, or 3.1 percent of revenue compared to $1.9 million or 6.4 percent in the prior year.
  • Non-GAAP constant currency revenue increased 38.6 percent over the year ago period and income from operations, adjusted for $2.9 million in restructuring charges and asset impairments, was $4.5 million or 11.2 percent. This compares to $1.9 million or 6.5 percent of revenue in the prior year.

Customer Technology Services (CTS) – Hosted and Managed Technology Solutions

  • CTS fourth quarter 2015 revenue grew 17.5 percent to $41.7 million compared to $35.5 million in the year ago quarter. Income from operations was $4.3 million or 10.3 percent of revenue compared to $2.9 million or 8.1% in the prior year.
  • Non-GAAP constant currency revenue increased 17.6 percent over the year ago period and income from operations was $4.1 million or 9.9 percent of revenue. This compares to $3.3 million or 9.2 percent of revenue in the prior year.

Customer Strategy Services (CSS) – Customer Experience Strategy and Data Analytics Solutions

  • CSS fourth quarter 2015 revenue decreased 2.0 percent to $23.2 million from $23.7 million in the year ago quarter. Income from operations was $5.5 million or 23.8 percent of revenue, an increase from 19.2 percent in the prior year.
  • Non-GAAP constant currency revenue increased 1.4 percent over the year ago period and income from operations was $5.6 million or 23.4 percent of revenue. This compares to $4.9 million or 20.8 percent of revenue in the prior year.

BUSINESS OUTLOOK

"The race is on for companies across the globe to deliver experiences that set them apart from their competition. Forward thinking, value-oriented brands are increasingly selecting TeleTech as their go-to-partner for customer experience transformation," commented Regina Paolillo, chief financial and administrative officer of TeleTech. "The accelerating growth rate of our emerging businesses is confirmation of the market demand for innovative approaches to customer experience. With continued growth in bookings alongside new product launches and an expanding international footprint, we expect to continue to advance our progress in transforming our financial model with higher revenue growth rates and operating margins."

Paolillo continued, "We estimate a 2016 constant currency revenue growth rate between 6.75 and 7.50 percent, which assumes an estimated three percentage points of adverse impact from foreign exchange rate movements. Our emerging Customer Strategy, Technology and Growth businesses are estimated to collectively grow revenue in the low to mid double digits, while our Customer Management business will be in the low to mid single digits, before adjusting for an approximate three percent adverse impact from foreign exchange. We expect 46 percent of our revenue and operating income in the first half of 2016 with the balance in the second half."

TeleTech full year 2016 guidance as follows:

  • Revenue – GAAP revenue estimated between $1.335 and $1.345 billion, reflecting an approximate three percent adverse impact from foreign exchange rate movements.
  • Operating Income Margin – GAAP operating income margin estimated to range between 8.1 and 8.3 percent, reflecting an approximate 20 basis points adverse impact from foreign exchange movements.
  • Capital Expenditures – Capital expenditure are estimated to approximate 4.5 percent of revenue.

SEC FILINGS

The company's filings with the Securities and Exchange Commission are available in the "Investors" section of TeleTech's website, which can be found at www.teletech.com.

CONFERENCE CALL

A conference call and webcast with management will be held on March 15, 2016 at 8:30 a.m. Eastern Time. You are invited to join a live webcast of the conference call by visiting the "Investors" section of the TeleTech website at www.teletech.com. If you are unable to participate during the live webcast, a replay will be available on the TeleTech website.

NON-GAAP FINANCIAL MEASURES

To supplement the Company's consolidated financial statements presented in accordance with generally accepted accounting principles (GAAP) in the United States, the Company uses the following Non-GAAP financial measures: Free Cash Flow, Non-GAAP Revenue, Non-GAAP Income from Operations, Non-GAAP EBITDA and Non-GAAP EPS. Additionally our discussion of revenue and income from operations contain references to constant currency amounts. Constant currency measures are calculated by translating the current year reported amounts using the prior year foreign exchange rates for each underlying currency. TeleTech believes that providing these Non-GAAP financial measures provides investors with greater transparency to the information used by TeleTech's management in its financial and operational decision making and allows investors to see TeleTech's results "through the eyes" of management. TeleTech also believes that providing this information better enables TeleTech's investors to understand its operating performance and information used by management to evaluate and measure such performance. These financial measures are not intended to be used in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of these Non-GAAP financial measures is available in the financial tables attached to this press release. We also encourage all investors to read TeleTech's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q.

ABOUT TELETECH

TeleTech (NASDAQ: TTEC) is a leading global provider of customer experience, engagement and growth solutions. Founded in 1982, the Company helps its clients acquire, retain and grow profitable customer relationships. Using customer-centric strategy, technology, processes and operations, TeleTech partners with business leadership across marketing, sales and customer care to design and deliver a simple, more human customer experience across every interaction channel. Servicing over 80 countries, TeleTech's 44,000 employees live by a set of customer-focused values that guide relationships with clients, their customers, and each other. To learn more about how TeleTech is bringing humanity to the customer experience, visit TeleTech.com.

FORWARD-LOOKING STATEMENTS

Statements in this press release contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995, relating to our operations, expected financial position, results of operation, continuation of client relationships, and other business matters that are based on our current expectations, assumptions, and projections with respect to the future, and are not a guarantee of performance. We use words such as "may," "believe," "plan," "will," "anticipate," "estimate," "expect," "intend," "project," "would," "could," "target," or similar expressions, or when we discuss our strategy, plans, goals, initiatives, or objectives, we are making forward-looking statements.

We caution you not to rely unduly on any forward-looking statements. Actual results may differ materially from what is expressed in the forward-looking statements, and you should review and consider carefully the risks, uncertainties and other factors that affect our business and may cause such differences as outlined but are not limited to factors discussed in the sections entitled "Risk Factors" included in TeleTech's filings with the US Securities and Exchange Commission (the "SEC"), including our most recent Annual Report on Form 10-K and subsequent quarterly financial reports on Form 10-Q. TeleTech's filings with the SEC are available in the "Investors" section of TeleTech's website, www.teletech.com and at the SEC's public website at www.sec.gov. Our forward looking statements speak only as of the date of the press release and we undertake no obligation to update them, except as may be required by applicable laws.

Investor Contact

Media Contact

Paul Miller

Elizabeth Grice

303.397.8641

303.397.8507

 

TELETECH HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)






























Three months ended


Twelve months ended



 December 31,


 December 31,



2015


2014


2015


2014










Revenue

$341,816


$338,170


$1,286,755


$1,241,781










Operating Expenses:









Cost of services

245,668


240,146


928,247


886,492


Selling, general and administrative

48,575


50,537


194,606


198,553


Depreciation and amortization

17,279


15,386


63,808


56,538


Restructuring charges, net

185


1,600


1,814


3,350


Impairment losses

5,034


373


8,100


373

         Total operating expenses

316,741


308,042


1,196,575


1,145,306










Income From Operations

25,075


30,128


90,180


96,475











Other income (expense)

(590)


2,138


(4,291)


3,984










Income Before Income Taxes

24,485


32,266


85,889


100,459











Provision for income taxes

(6,566)


(8,971)


(20,004)


(23,042)










Net Income

17,919


23,295


65,885


77,417











Net income attributable to noncontrolling interest

(916)


(1,329)


(4,219)


(5,124)










Net Income Attributable to TeleTech Stockholders

$  17,003


$  21,966


$     61,666


$     72,293










Net Income Per Share Attributable to TeleTech Stockholders


















Basic

$     0.35


$     0.45


$        1.27


$        1.47











Diluted

$     0.35


$     0.44


$        1.26


$        1.44



















Income From Operations Margin

7.3%


8.9%


7.0%


7.8%

Net Income Attributable to TeleTech Stockholders Margin

5.0%


6.5%


4.8%


5.8%


Effective Tax Rate

26.8%


27.8%


23.3%


22.9%



















Weighted Average Shares Outstanding








  Basic

48,439


48,714


48,370


49,297

  Diluted

48,853


49,514


49,011


50,102

 

TELETECH HOLDINGS, INC. AND SUBSIDIARIES

SEGMENT INFORMATION

(In thousands)


























Three months ended


Twelve months ended


 December 31,


 December 31,


2015


2014


2015


2014









Revenue:








Customer Management Services

$238,257


$250,076


$   913,272


$   923,497

Customer Growth Services

38,642


28,889


129,021


115,434

Customer Technology Services

41,671


35,475


157,606


139,182

Customer Strategy Services

23,246


23,730


86,856


63,668

Total

$341,816


$338,170


$1,286,755


$1,241,781









Income From Operations:








Customer Management Services

$  14,062


$  20,851


$     58,018


$     76,792

Customer Growth Services

1,186


1,854


3,077


7,255

Customer Technology Services

4,306


2,878


13,339


4,519

Customer Strategy Services

5,521


4,545


15,746


7,909

Total

$  25,075


$  30,128


$     90,180


$     96,475

 

TELETECH HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands)










 December 31,


 December 31,


2015


2014





ASSETS




Current assets:




   Cash and cash equivalents

$          60,304


$          77,316

   Accounts receivable, net

283,474


276,432

   Other current assets

71,294


91,735

      Total current assets

415,072


445,483





Property and equipment, net

168,289


150,212

Other assets

259,966


256,780





Total assets

$        843,327


$        852,475





LIABILITIES AND EQUITY




Total current liabilities

$        206,906


$        198,631

Other long-term liabilities

191,473


187,780

Mandatorily redeemable noncontrolling interest

4,131


2,814

Total equity

440,817


463,250





Total liabilities and equity

$        843,327


$        852,475

 

TELETECH HOLDINGS, INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION

(In thousands, except per share data)


















Three months ended


Twelve months ended


 December 31,


 December 31,


2015


2014


2015


2014

Reconciliation of Revenue:
















Revenue

$341,816


$338,170


$1,286,755


$1,241,781

   Changes due to foreign currency fluctuations  1

15,169




63,746



Non-GAAP Revenue

$356,985


$338,170


$1,350,501


$1,241,781

















Reconciliation of EBIT & EBITDA:
















Net Income Attributable to TeleTech stockholders

$  17,003


$  21,966


$     61,666


$     72,293

Interest income

(213)


(224)


(1,090)


(1,769)

Interest expense

1,827


1,749


7,538


6,946

Provision for income taxes

6,566


8,971


20,004


23,042

EBIT

$  25,183


$  32,462


$     88,118


$   100,512









Depreciation and amortization

17,279


15,386


63,808


56,538









EBITDA

$  42,462


$  47,848


$   151,926


$   157,050

















Reconciliation of Free Cash Flow:
















Cash Flow From Operating Activities:








   Net income

$  17,919


$  23,295


$     65,885


$     77,417

   Adjustments to reconcile net income to net cash








       provided by operating activities:








          Depreciation and amortization

17,279


15,386


63,808


56,538

          Other

(17,612)


(6,498)


4,057


(39,865)

   Net cash provided by operating activities

17,586


32,183


133,750


94,090









Less - Total Capital Expenditures

17,411


15,407


66,595


67,641









Free Cash Flow

$      175


$  16,776


$     67,155


$     26,449

















Reconciliation of Non-GAAP Income from Operations:
















Income from Operations

$  25,075


$  30,128


$     90,180


$     96,475

Restructuring charges, net

185


1,600


1,814


3,350

Impairment losses

5,034


373


8,100


373









Non-GAAP Income from Operations

$  30,294


$  32,101


$   100,094


$   100,198









Non-GAAP Income from Operations Margin

8.9%


9.5%


7.8%


8.1%

















Reconciliation of Non-GAAP EPS:
















Net Income Attributable to TeleTech stockholders

$  17,003


$  21,966


$     61,666


$     72,293

Add:  Asset impairment and restructuring charges, net of related taxes

3,828


1,342


6,629


2,456

Add:  Changes in acquisition contingent consideration, net of related taxes

208


(949)


313


(2,804)

Add:  Changes in valuation allowance and returns to provision adjustments

2,110


272


3,868


(126)









 Non-GAAP Net Income Attributable to TeleTech stockholders

$  23,149


$  22,631


$     72,476


$     71,819









    Diluted shares outstanding

48,853


49,514


49,011


50,102









 Non-GAAP EPS Attributable to TeleTech stockholders

$0.47


$0.46


$1.48


$1.43

















Reconciliation of Non-GAAP EBITDA:
















Net Income Attributable to TeleTech stockholders

$  17,003


$  21,966


$     61,666


$     72,293

   Interest income

(213)


(224)


(1,090)


(1,769)

   Interest expense

1,827


1,749


7,538


6,946

   Provision for income taxes

6,566


8,971


20,004


23,042

   Depreciation and amortization

17,279


15,386


63,808


56,538

   Asset impairment and restructuring charges

5,219


1,973


9,914


3,723

   Changes in acquisition contingent consideration

(278)


(2,719)


26


(6,629)

   Equity-based compensation expenses

2,735


2,276


11,304


11,307









 Non-GAAP EBITDA

$  50,138


$  49,378


$   173,170


$   165,451



1

Foreign currency fluctuations are calculated on a constant currency basis by translating the current year reported amounts using the prior year foreign exchange rates for each underlying currency.

 

TELETECH HOLDINGS, INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION

(In thousands)

(Unaudited)






FOURTH QUARTER 



(three months end, December 31, 2015)







Revenue







GAAP Revenue

Foreign Exchange Impact

Constant Currency Revenue

CMS


$           238,257

$             12,882

$            251,139


YoY Growth Rate:

-4.7%


0.4%






CGS


$            38,642

$               1,399

$              40,041


YoY Growth Rate:

33.8%


38.6%

CTS


$            41,671

$                   64

$              41,735


YoY Growth Rate:

17.5%


17.6%

CSS


$            23,246

$                  824

$              24,070


YoY Growth Rate:

-2.0%


1.4%

Emerging Businesses


$           103,559

$               2,287

$            105,846


YoY Growth Rate:

17.6%


20.2%






Company (Consolidated)


$           341,816

$             15,169

$            356,985


YoY Growth Rate:

1.1%


5.6%






Operating Income







Non-GAAP Operating Income

Foreign Exchange Impact

Constant Currency Operating Income

CMS


$            16,356

$                  712

$              17,068


Operating Margin:

6.9%


6.8%






CGS


$              4,098

$                  402

$                4,500


Operating Margin:

10.6%


11.2%

CTS


$              4,306

$                 (182)

$                4,124


Operating Margin:

10.3%


9.9%

CSS


$              5,534

$                  101

$                5,635


Operating Margin:

23.8%


23.4%

Emerging Businesses


$            13,938

$                  321

$              14,259


Operating Margin:

13.5%


13.5%






Company (Consolidated)


$            30,294

$               1,033

$              31,327


Operating Margin:

8.9%


8.8%











Segments Defined:

CMS (Customer Management Services), CGS (Customer Growth Services), 


CTS (Customer Technology Services), CSS (Customer Strategy Services)


Emerging Businesses: CGS, CTS, and CSS







Methodology: 

Foreign exchange fluctuations are calculated on a constant currency basis by translating the current year reported amounts using the prior year foreign exchange rate for each underlying currency








Non-GAAP Operating Income:

Adjusted for restructuring and impairment costs

 

TELETECH HOLDINGS, INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION

(In thousands)

(Unaudited)






YEAR-TO-DATE



(twelve- months end, December 31, 2015)







Revenue







GAAP Revenue

Foreign Exchange Impact

Constant Currency Revenue

CMS


$           913,272

$             53,912

$            967,184


YoY Growth Rate:

-1.1%


4.7%






CGS


$           129,021

$               5,429

$            134,450


YoY Growth Rate:

11.8%


16.5%

CTS


$           157,606

$                  518

$            158,124


YoY Growth Rate:

13.2%


13.6%

CSS


$            86,856

$               3,887

$              90,743


YoY Growth Rate:

36.4%


42.5%

Emerging Businesses


$           373,483

$               9,834

$            383,317


YoY Growth Rate:

17.3%


20.4%






Company (Consolidated)


$        1,286,755

$             63,746

$         1,350,501


YoY Growth Rate:

3.6%


8.8%






Operating Income







Non-GAAP Operating Income

Foreign Exchange Impact

Constant Currency Operating Income

CMS


$            61,645

$             12,989

$              74,634


Operating Margin:

6.7%


7.7%






CGS


$              9,055

$               1,778

$              10,833


Operating Margin:

7.0%


8.1%

CTS


$            13,352

$                 (404)

$              12,948


Operating Margin:

8.5%


8.2%

CSS


$            16,042

$                  495

$              16,537


Operating Margin:

18.5%


18.2%

Emerging Businesses


$            38,449

$               1,869

$              40,318


Operating Margin:

10.3%


10.5%






Company (Consolidated)


$           100,094

$             14,858

$            114,952


Operating Margin:

7.8%


8.5%











Segments Defined:

CMS (Customer Management Services), CGS (Customer Growth Services), 


CTS (Customer Technology Services), CSS (Customer Strategy Services)


Emerging Businesses: CGS, CTS, and CSS







Methodology: 

Foreign exchange fluctuations are calculated on a constant currency basis by


translating the current year reported amounts using the prior year foreign exchange


rate for each underlying currency








Non-GAAP Operating Income:

Adjusted for restructuring and impairment costs


 

Logo - http://photos.prnewswire.com/prnh/20140717/127860

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/teletech-announces-fourth-quarter-and-full-year-2015-financial-results-300235691.html

SOURCE TeleTech Holdings, Inc.