Chee Tiong Ooi's questions to TTEC Holdings Inc (TTEC) leadership • Q1 2025
Question
Chee Tiong Ooi asked if specific customer conversations indicated a weakening demand environment and questioned if there was any evolution in like-for-like pricing due to competition or client budget constraints.
Answer
CEO Kenneth Tuchman noted that the primary sign of caution is that new contract sizes are starting smaller, though he is confident they will grow with successful execution. He attributed this to clients taking a phased approach amid economic uncertainty. On pricing, Tuchman stated that while some competitors compete on price, TTEC maintains its pricing discipline. He believes the market is rationalizing and consolidating, which favors quality providers over those who 'buy' business, and TTEC will walk away from deals that don't meet its profitability standards.