StarTek (SRT) Misses Q2 EPS by 10c

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STARTEK Reports Second Quarter 2016 Results

August 9, 2016 4:05 PM EDT

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- StarTek, Inc. ("STARTEK") (NYSE: SRT), a provider of business process outsourcing services, has reported financial results for the second quarter ended June 30, 2016.

Second Quarter 2016 Highlights (vs. year-ago quarter where applicable)

Total revenue increased 16% to $73.7 million, with top ten client revenue up 4% to $47.5 million Gross margin increased 110 basis points to 9.5% Net loss improved to $1.7 million or $(0.11) per share, compared to $5.1 million or $(0.33) per share Adjusted EBITDA (a non-GAAP measure defined below) increased 455% to $2.3... More