Recent News
Back
DENVER – February 26, 2009 - StarTek, Inc. (NYSE:SRT) today announced its financial results for the fourth quarter and full year ended December 31, 2008. The Company reported fourth quarter 2008 revenue of $73.5 million, representing growth of 11.9% over the fourth quarter of 2007. Annual revenue was $272.9 million in 2008, an 11.2% increase over 2007. The strong revenue growth was driven by demand from existing clients and the execution of the Company’s site expansion strategy. The Company reported a net loss of $0.21 per share in the fourth quarter 2008 and $0.67 per share for the full year 2008. Excluding impairment and restructuring charges, the net loss would have been $0.07 per share in the fourth quarter of 2008 compared to net income of $0.04 per share in the fourth quarter of 2007. Excluding impairment and restructuring charges, the net loss would have been $0.28 per share in 2008 compared to a net loss of $0.01 per share in 2007. The impairment and restructuring charges during 2008 were primarily the result of the announcement of three site closures.
