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Revenue Increases 12%, Successful Site Expansion, New Business Won
DENVER – May 1, 2008 - StarTek, Inc. (NYSE:SRT) today announced results for the first quarter ended March 31, 2008. StarTek reported its second consecutive double digit quarterly revenue increase, growing 12.3% to $64.7 million, compared to $57.6 million in the first quarter of 2007. The Company reported a net loss of $0.3 million, or $0.02 per share compared to a $0.01 per share loss in the same quarter in 2007, due to the continued negative impact of FX, new site launches and the expected loss of a client. The Company also reported that it has made progress on several strategic fronts, closing a new client contract with a firm that provides broadband connectivity to airlines, the successful launch of two new sites with plans to open a third, and progress toward opening a Philippines operation in the fourth quarter of this year.
