StarTek (SRT) Tops Q1 EPS by 6c

StarTek (NYSE: SRT) reported Q1 EPS of $0.11, $0.06 better than the analyst estimate of $0.05. Revenue for the quarter came in at $77.7 million versus the consensus estimate of $79.75 million.

• Total revenue was $77.7 million compared to $78.0 million.
• Gross profit increased 19% to $10.0 million, with gross margin up 220 basis points to 12.9%.
• Net income increased significantly to $1.8 million or $0.11 per diluted share, compared to $0.03 million or $0.00 per diluted share.
• Adjusted EBITDA* increased 27% to $5.4 million.
• Won $30 million of new business (annual contract value), including three new healthcare clients and several expanded client engagements.

For earnings history and earnings-related data on StarTek (SRT) click here.

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