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SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2020
SEGMENT INFORMATION [ABSTRACT]  
SEGMENT INFORMATION

(3)SEGMENT INFORMATION

The Company reports the following two segments:

·

TTEC Digital designs, builds and delivers tech-enabled, insight-based and outcome-driven customer experience solutions through our professional services and suite of technology offerings. These solutions are critical to enabling and accelerating digital transformation for our clients.

o

Technology Services:  Our technology services design, integrate and operate highly scalable, digital omnichannel technology solutions in the cloud, on premise, or hybrid, including journey orchestration, automation and AI, knowledge management, and workforce productivity.

o

Professional Services:  Our management consulting practices deliver customer experience strategy, analytics, process optimization, and learning and performance services.

·

TTEC Engage provides the essential technologies, human resources, infrastructure and processes to operate customer care, acquisition, and fraud detection and prevention services.

o

Customer Acquisition Services:  Our customer growth and acquisition services optimize the buying journeys for acquiring new customers by leveraging technology and analytics to deliver personal experiences that increase the quantity and quality of leads and customers.

o

Customer Care Services:  Our customer care services provide turnkey contract center solutions, including digital omnichannel technologies, associate recruiting and training, facilities, and operational expertise to create exceptional customer experiences across all touchpoints.

o

Fraud Prevention Services:  Our digital fraud detection and prevention services proactively identify and prevent fraud and provide community content moderation and compliance.

The Company allocates to each segment its portion of corporate operating expenses. All intercompany transactions between the reported segments for the periods presented have been eliminated.

The following tables present certain financial data by segment (in thousands):

Three Months Ended March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

 

 

    

Depreciation

    

Income 

 

 

 

Gross

 

Intersegment

 

Net

 

&

 

(Loss) from

 

 

 

Revenue

 

Sales

 

Revenue

 

Amortization

 

Operations

 

TTEC Digital

 

$

77,781

 

$

(225)

 

$

77,556

 

$

3,288

 

$

10,258

 

TTEC Engage

 

 

354,657

 

 

 —

 

 

354,657

 

 

15,584

 

 

30,458

 

Total

 

$

432,438

 

$

(225)

 

$

432,213

 

$

18,872

 

$

40,716

 

 

Three Months Ended March 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

 

 

    

Depreciation

    

Income 

 

 

 

Gross

 

Intersegment

 

Net

 

&

 

(Loss) from

 

 

 

Revenue

 

Sales

 

Revenue

 

Amortization

 

Operations

 

TTEC Digital

 

$

66,041

 

$

(188)

 

$

65,853

 

$

2,308

 

$

7,759

 

TTEC Engage

 

 

328,503

 

 

 —

 

 

328,503

 

 

14,435

 

 

24,333

 

Total

 

$

394,544

 

$

(188)

 

$

394,356

 

$

16,743

 

$

32,092

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended 

 

 

 

March 31,

 

 

 

2020

    

2019

    

Capital Expenditures

 

 

 

 

 

 

 

TTEC Digital

 

$

2,438

 

$

3,741

 

TTEC Engage

 

 

14,375

 

 

9,459

 

Total

 

$

16,813

 

$

13,200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

    

December 31, 2019

 

Total Assets

 

 

 

 

 

 

 

 

TTEC Digital

 

 

$

313,634

 

$

238,081

 

TTEC Engage

 

 

 

1,451,134

 

 

1,138,707

 

Total

 

 

$

1,764,768

 

$

1,376,788

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

    

December 31, 2019

 

Goodwill

 

 

 

 

 

 

 

 

TTEC Digital

 

 

$

73,869

 

$

66,275

 

TTEC Engage

 

 

 

231,662

 

 

235,419

 

Total

 

 

$

305,531

 

$

301,694

 

 

 

 

 

 

 

 

 

 

 

The following table presents revenue based upon the geographic location where the services are provided (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

    

2020

    

2019

    

 

Revenue

 

 

 

 

 

 

 

 

United States

 

$

277,676

 

$

236,967

 

 

Philippines

 

 

91,105

 

 

93,179

 

 

Latin America

 

 

25,098

 

 

24,135

 

 

Europe / Middle East / Africa

 

 

16,944

 

 

16,041

 

 

Asia Pacific / India

 

 

15,168

 

 

12,826

 

 

Canada

 

 

6,222

 

 

11,208

 

 

Total

 

$

432,213

 

$

394,356