StarTek (SRT) Misses Q1 EPS by 10c
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STARTEK Reports First Quarter 2016 Results
May 10, 2016 4:05 PM EDTGREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- StarTek, Inc. ("STARTEK") (NYSE: SRT), a provider of business process outsourcing services, has reported financial results for the first quarter ended March 31, 2016.
First Quarter 2016 Highlights (vs. year-ago quarter where applicable)
Total revenue increased 23% to $78.0 million Revenue from newer verticals such as financial services and retail increased 32% to $21.3 million Gross margin increased 110 basis points to 10.7% Adjusted EBITDA (a non-GAAP measure defined below) increased 156% to $4.2 million... More