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StarTek swings to profit in Q1

StarTek Inc. said its first-quarter normalized net income amounted to $105,000, compared with a loss of $1.4 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 0.1% from negative 2.1% in the year-earlier period.

Total revenue increased 22.6% year over year to $78.0 million from $63.7 million, and total operating expenses climbed 18.1% year over year to $77.4 million from $65.6 million.

Reported net income totaled $31,000, or 0 cents per share, compared to a loss of $3.2 million, or a loss of 21 cents per share, in the year-earlier period.