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07.29.10
StarTek, Inc. Reports Second Quarter 2010 Results

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DENVER – July 29, 2010 - StarTek, Inc. (NYSE:SRT) announced its financial results for the quarter ended June 30, 2010. The Company reported second quarter 2010 revenue of $67.7 million and an operating loss before impairment and restructuring charges of $2.6 million, as the Company accelerated its expansion offshore. The Company reported a net loss of $5.2 million, or $0.35 per share, due in part to the recording of a $4.2 million allowance against a deferred tax asset. Had the Company not recorded this allowance, the net loss for the quarter would have been $1.0 million, or $0.07 per share..