Exhibit 99.1

TELETECH ANNOUNCES SECOND QUARTER 2012 FINANCIAL RESULTS

Achieves Second Quarter Revenue of $289 Million with Diversified Businesses Growing to 21 Percent of Revenue

ENGLEWOOD, Colo., August 1, 2012 – TeleTech Holdings, Inc. (NASDAQ: TTEC), a leading global provider of technology-enabled customer experience solutions, today announced financial results for the second quarter ended June 30, 2012.  The Company also filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission for the quarter ended June 30, 2012.

“Our results this quarter reflect our previously announced plans to exit certain underperforming markets while at the same time actively investing in innovation and revenue diversification,” said Ken Tuchman, TeleTech chairman and chief executive officer. “Our diversified business segments comprised 21 percent of revenue up from 15 percent in the year-ago quarter,” continued Tuchman.  “Clients are coming to TeleTech because of the breadth and depth of our customer experience expertise as demonstrated by the eleven new clients we signed during the quarter. Our ability to holistically design, implement and manage a brand differentiating experience across multiple channels is helping our clients generate long-term customer equity.”

SECOND QUARTER 2012 FINANCIAL HIGHLIGHTS

·                  Second quarter 2012 revenue was $288.8 million compared to $293.6 million in the second quarter 2011.  Second quarter 2012 revenue was lower by approximately $13 million due to the company’s previously announced decision to exit certain underperforming markets and programs in addition to a $9.7 million negative foreign currency impact. Excluding the above reductions, revenue increased approximately 6 percent over the year-ago quarter.

·                  Income from operations for the second quarter 2012 included $17.3 million of restructuring and impairment charges which was in line with the Company’s previously announced range of $15 million to $18 million in charges to be incurred in 2012.  These actions are expected to positively impact operating income by $10 million to $12 million on an annualized basis when fully realized.

·                  Second quarter 2012 income from operations was $6.4 million or 2.2 percent of revenue compared to $24.6 million or 8.4 percent of revenue in the second quarter 2011.  Excluding the restructuring and impairment charges discussed above, second quarter 2012 non-GAAP income from operations was $23.7 million or 8.2 percent of revenue.

·                  Second quarter 2012 fully diluted earnings per share attributable to TeleTech stockholders was 10 cents compared to 38 cents in the second quarter 2011.  Excluding restructuring, impairment and other items, second quarter 2012 non-GAAP fully diluted earnings per share attributable to TeleTech stockholders was 31 cents compared to 29 cents in the year-ago quarter.

·                  During the second quarter 2012 TeleTech signed an estimated $55 million in annualized revenue from both new and expanding client relationships.  Approximately 70 percent represented recurring revenue.

STRONG BALANCE SHEET CONTINUES TO FUND OPERATIONS, SHARE REPURCHASES AND STRATEGIC ACQUISITIONS

·                  As of June 30, 2012, TeleTech had cash and cash equivalents of $170.6 million, $78.0 million of borrowings on its credit facility and total other debt of $13.0 million, resulting in net cash of $79.6 million.

·                  TeleTech had approximately $418 million of additional borrowing capacity available under its revolving credit facility as of June 30, 2012.  This provides TeleTech with the continued financial flexibility to fund organic growth, share repurchases and pursue accretive acquisitions.

·                  Cash flow from operations in the second quarter 2012 increased 45 percent to $34.0 million from $23.4 million in the second quarter 2011. The increase was primarily due to the timing of certain working capital items.

·                  Capital expenditures in the second quarter 2012 were $11.0 million compared to $8.5 million in the second quarter 2011. The higher capital expenditures were primarily related to the selective expansion of capacity in line with TeleTech’s new business wins as well as increased investments in its technology-based offerings.

·                  TeleTech repurchased 1.2 million shares of common stock during the second quarter 2012 for a total cost of $18.1 million.  As of June 30, 2012, there was $15.9 million authorized for future share repurchases.

SEGMENT REPORTING

To provide clarity as to the financial profile and performance of TeleTech’s primary businesses, 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).  Corporate expenses are reported separately from the above.  Highlights of the financial performance of the primary segments are provided below.

Customer Management Services (CMS) – Customer Experience Delivery Solutions

·                  CMS second quarter 2012 revenue was $229.4 million, representing approximately 79 percent of total second quarter 2012 revenue, compared to $248.2 million in the second quarter 2011.  CMS second quarter 2012 revenue was lower by approximately $13 million due to the Company’s previously announced decision to exit certain underperforming markets and programs in addition to an $8.6 million negative foreign currency impact.

·                  CMS second quarter 2012 income from operations included $17.0 million of restructuring and impairment charges related to the exit of certain unprofitable markets and programs referred to above.  CMS second quarter 2012 income from operations was $28.6 million or 12.5 percent of

revenue, compared to 20.0 percent of revenue in the second quarter 2011.  Excluding the $17.0 million of restructuring charges, CMS second quarter 2012 non-GAAP income from operations was $45.6 million or 19.9 percent of revenue.

Customer Growth Services (CGS) – Technology-Enabled Revenue Generation Solutions

·                  CGS second quarter 2012 revenue was $24.4 million, representing approximately 8 percent of total second quarter 2012 revenue, compared to $23.5 million in the second quarter 2011.

·                  CGS second quarter 2012 income from operations was $4.2 million or 17.3 percent of revenue, compared to 19.6 percent of revenue in the second quarter 2011.

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

·                  CTS second quarter 2012 revenue increased 114 percent from the second quarter 2011 to $25.0 million, representing approximately 9 percent of total second quarter 2012 revenue.  The increase was due to the acquisition of eLoyalty.

·                  CTS second quarter 2012 income from operations was $4.1 million or 16.4 percent of revenue, compared to $3.2 million or 27.1 percent of revenue in the second quarter 2011.  CTS second quarter 2012 operating results reflected the mix shift of services from purely hosted solutions in the year-ago quarter to both hosted and managed solutions in the second quarter 2012, along with an increased investment in sales and marketing to support the segment’s continued growth initiatives.

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

·                  CSS second quarter 2012 revenue was $10.0 million compared to $10.3 million in the second quarter 2011.  In constant currency, CSS second quarter 2012 revenue grew by approximately 6 percent.

·                  CSS second quarter 2012 income from operations was $0.3 million or 3.1 percent of revenue, compared to $1.3 million or 12.7 percent of revenue in the second quarter 2011.  The lower operating margin was primarily due to a negative foreign currency impact of $0.3 million, an increased investment in geographic expansion and certain acquisition-related costs.

Corporate Expenses

·                  The second quarter 2012 operating income of the above segments excluded $30.7 million of corporate expenses which were lower by $3.3 million or 9.6 percent, from $34.0 million in the second quarter 2011.

·                  TeleTech expects to continue to further leverage its corporate expenses as a percentage of revenue across its expanding suite of services.

BUSINESS OUTLOOK

·                  As previously discussed, TeleTech’s decision to exit certain underperforming markets and programs is estimated to reduce 2012 revenue by $100 million to $115 million while positively impacting operating income by $10 million to $12 million on an annualized basis when fully realized.  These actions are estimated to result in asset impairment and restructuring costs in the

range of $15 million to $18 million during 2012, of which $17.3 million was recognized in the second quarter 2012.

·                  TeleTech continues to expect 2012 revenue will range between $1.15 billion and $1.2 billion.  Growth in both existing and new client relationships is expected to offset any revenue reduction resulting from the decision to exit certain unprofitable markets.

·                  TeleTech continues to expect 2012 operating margin will increase from 2011 and range between 8.5 percent and 9.0 percent, before any unusual charges.

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 Thursday, August 2, 2012 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 through Thursday, August 16, 2012.

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 Income from Operations, Non-GAAP EBITDA and Non-GAAP EPS. 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 our Quarterly Report on Form 10-Q for the quarter ended June 30, 2012.

ABOUT TELETECH

For nearly 30 years, TeleTech and its subsidiaries have helped the world’s most successful companies design, enable, manage and grow customer value through the delivery of superior customer experiences across the customer lifecycle. As the go-to partner for the Global 1000, the TeleTech group of companies delivers technology-enabled solutions that maximize revenue, transform customer experiences and

optimize business processes. From strategic consulting to operational execution, our more than 41,000 employees drive success for clients in the communications and media, financial services, government, healthcare, technology, transportation and retail industries. Through the TeleTech Community Foundation, the company leverages its innovative leadership to ensure that students in underserved communities around the globe have access to the tools and support they need to maximize their educational outcomes. For additional information, please visit www.teletech.com.

FORWARD-LOOKING STATEMENTS

Statements in this press release that relate to future results and events (including statements about future financial and operating performance) are forward-looking statements based on TeleTech’s current expectations. Actual results and events in future periods could differ materially from those projected in these forward-looking statements because of a number of risks and uncertainties including: achieving estimated revenue from new, renewed and expanded client business as volumes may not materialize as forecasted, especially due to the global economic slowdown; the ability to close and ramp new business opportunities that are currently being pursued or that are in the final stages with existing and/or potential clients; our ability to execute our growth plans, including the successful integration of acquired companies and the sales of new products; the possibility of lower revenue or price pressure from our clients experiencing a business downturn or merger in their business; greater than anticipated competition in the customer management industry, causing adverse pricing and more stringent contractual terms; risks associated with losing or not renewing client relationships, particularly large client agreements, or early termination of a client agreement; the risk of losing clients due to consolidation in the industries we serve; consumers’ concerns or adverse publicity regarding our clients’ products; our ability to find cost-effective locations, obtain favorable lease terms and build or retrofit facilities in a timely and economic manner; risks associated with business interruption due to weather, fires, pandemic, or terrorist-related events; risks associated with attracting and retaining cost-effective labor at our delivery centers; the possibility of asset impairments and restructuring charges; risks associated with changes in foreign currency exchange rates; economic or political changes affecting the countries in which we operate; changes in accounting policies and practices promulgated by standard setting bodies; and new legislation or government regulation that adversely impacts our tax obligations, health care costs or the customer management industry. A detailed discussion of these and other risk factors that could affect our results is included in TeleTech’s SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2011.  The Company’s filings with the Securities and Exchange Commission are available in the “Investors” section of TeleTech’s website, which is located at www.teletech.com.  All information in this release is as of August 1, 2012. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations.

###

TELETECH HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(unaudited)

TELETECH HOLDINGS, INC. AND SUBSIDIARIES

SEGMENT INFORMATION

(In thousands)

(unaudited)

TELETECH HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands)

TELETECH HOLDINGS, INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION

(In thousands, except per share data)

(unaudited)

TELETECH HOLDINGS, INC. AND SUBSIDIARIES

SEGMENT INFORMATION

(In thousands)

(unaudited)