TeleSpectrum Foresees Transition After Rocky 2000

Share this content:
Teleservices firm TeleSpectrum, King of Prussia, PA, posted a net loss of $21.8 million for 2000, but the company's chief executive predicted a year of transition ahead.


TeleSpectrum posted $303.5 million in revenue for 2000, up from $266.8 million in 1999. But the company's performance deteriorated during 2000 largely because of management turnover, increased costs and reduced work volume from several customers, CEO J. Peter Pierce said.


Projected revenue for 2001 is $250 million to $275 million, the company said. TeleSpectrum is integrating its inbound and outbound operations and is completing a cost-reduction program, Pierce said.


The company delayed releasing its 2000 financial results until it signed a credit agreement with its bank group this month.


Loading links....
close

Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here