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05.07.09
StarTek, Inc. Reports First Quarter 2009 Results

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DENVER – May 7, 2009 - StarTek, Inc. (NYSE:SRT) today announced its financial results for the first quarter ended March 31, 2009. The Company reported first quarter 2009 revenue of $70.7 million, representing growth of 9.5% over the first quarter of 2008. The Company reported net income of $0.04 per share in the first quarter 2009 compared to a net loss of $0.02 per share in the first quarter of 2008. Adjusted net income (excluding impairment and restructuring charges and income from discontinued operations) was $0.04 per share in the first quarter of 2009 compared to an adjusted net loss of $0.02 per share in the first quarter of 2008. The impairment and restructuring charges in the first quarter of 2009 were primarily a result of the closure of a facility in Regina, Saskatchewan and impairment of certain Canadian assets. Income from discontinued operations was from the sale of the Company’s Domain.com subsidiary.


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