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StarTek, Inc. (SRT) CEO Aparup Sengupta on Q1 2020 Results - Earnings Call Transcript

Jun. 10, 2020 11:08 PM ETStartek, Inc. (SRT)1 Comment
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StarTek, Inc. (NYSE:SRT) Q1 2020 Earnings Conference Call June 10, 2020 5:00 PM ET

Company Participants

Aparup Sengupta - Chairman and Chief Executive Officer

Ramesh Kamath - Chief Financial Officer

Rajiv Ahuja - President

Conference Call Participants

John Godin - Lake Street Capital

Zach Cummins - B. Riley FBR

Dave Koning - Baird


Good afternoon, everyone, and thank you for participating in today's conference call to discuss StarTek's financial results for the quarter ended March 31, 2020. Joining us today are StarTek's Chairman and CEO, Aparup Sengupta; the company's President, Rajiv Ahuja; and the company's CFO, Ramesh Kamath. Following their remarks, we'll open the call for your questions.

Before we continue, we would like to remind all participants that the discussion today may contain certain statements, which are forward-looking in nature, pursuant to the safe harbor provisions of the federal securities laws. These statements are based on information currently available to us, and are subject to various risks and uncertainties that could cause actual results to differ materially. StarTek advises all those listening to this call to review the latest 10-Q and 10-K posted on its website for a summary of these risks and uncertainties. StarTek does not undertake the responsibility to update any forward-looking statements.

Further the discussion today may include some non-GAAP measures. In accordance with Regulation G, the company has reconciled these amounts back to the closest GAAP-based measurement. The reconciliations can be found in the earnings release on the Investors section of their website.

I would like to remind everyone that a webcast replay of today's call will be available via the Investors section of the company's website at www.startek.com.

Now, I would like to turn the call over to StarTek's Executive Chairman and Global CEO, Aparup Sengupta. Sir, please proceed.

Aparup Sengupta

Thank you

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Comments (1)

Nice to see 55% of workforce is now working from home. What concerns me is 25% of payroll is still not working and the fixed expense of running a call center has to be absorbed. I fear 2nd quarter report in August will be rougher than yesterday‘s report as cash flow will be down. Plus, they still have debt that needs to be serviced. I admire this management team, but they have their work cut out for them.
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