Startek Reports First Quarter 2021 Financial Results

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Go back to Startek Reports First Quarter 2021 Financial Results

StarTek (SRT) Misses Q1 EPS by 5c, Revenues Miss

May 10, 2021 4:20 PM EDT

StarTek (NYSE: SRT) reported Q1 EPS of $0.04, $0.05 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $163.1 million versus the consensus estimate of $164.55 million.

Management Commentary

Our first quarter results demonstrate the continued benefits of the operational improvements and efficiencies we implemented throughout last year, said Aparup Sengupta, Executive Chairman and Global CEO of Startek. Even though Q1 typically represents a seasonally soft period for our business, we generated year-over-year growth across all financial metrics. In addition to an increase in net revenue, we generated strong expansion across gross profit,... More