TeleTech Holdings, Inc. (TTEC) posted second quarter net earnings of $20.36 million, compared to $8.72 million last year. GAAP earnings per share for the quarter were 28 cents, compared to prior year's 12 cents. Excluding the unusual charges, which totaled $3.8 million pre-tax or approximately 4 cents per share after-tax, second quarter 2008 non-GAAP earnings per share were 32 cents, up 28% from 25 cents non in the year-ago quarter.
The company reported second quarter revenue of $357.42 million, an 8.4% increase over second quarter 2007 revenue of $330 million.
Analysts, on average, expected earnings per share of $0.25 on revenue of $353 million.
Consistent with its previous guidance, TeleTech expects that 2008 revenue will grow a minimum of between 6% and 8% and 2008 operating margin will range between 9% and 10%, before unusual charges.
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