Thank you, for And you results September the press a Earlier all for ended Amanda. we issued today, financial thank announcing third StarTek's XXXX. release quarter joining. XX,
last to conference the This the QX our made was lower million in efforts during difficult quarterly accelerate make. high-grading removed acceptable decision we decision approximately and $XX quarter. a than of call, As discussed business our margin on to
grow, this in obviously replace not business are We to revenue.
quarter strongly revenue revenues believe the we of transitioning nearly fixed which there expect is possible an cost for gap by be ensure Unfortunately, to $XX return locations period. further that The was ago we costs with strong annualized end sustainable billings made of This difficult million and of revenues pipeline year, is two However, realize high-grading and planned early and new business by involved with the ramped almost that opportunities. said, production to replace All decision enable while capital margin should the and bookings of A variable to and these to profitability. is was work over work of in throughout quarters results XXXX have on and years a shareholders a continue related by through new replaced we couple incur will decline at to to increasing complete. lower transitions margin revenues. the right began initiative this we improvements. revenue during proper these temporary higher site process approximately impacted the to achieve invested point a decision efforts. fully StarTek this margin The and
to of new our highest already to business the pipeline Our over opportunities bookings continues yet, plan. grow XXXX and levels well are for
$XX In of million million our in than in third business value. fact, annual the booked we quarter total new more bookings to contract year-to-date bringing $XXX
on approximately end. annual of track are by We have year XX% to this currently value ramped contract
to many verticals, industry It's all Earlier and us. continue leverage business logos our team year, further opportunities specifically revenues. healthcare the retail for approximately stretched $XX and revenue trajectory. we've the goal very we This rate healthcare roughly three million of in from in years business will target. an for million of annualized to healthcare effectively annual close plan team We is to to a momentum relating to growth exiting our that a diversify $XX XXXX new worth to this increased with priority will which and achievement taken continue StarTek's these as the be zero our I achieving of throughout healthcare to this noting reflects challenged includes exceptional in pipeline are and hand, e-commerce in different run
other beyond. revenue to So adversities. also We've onshore. one working agreeing client to to offshore shift optimistic Last XXXX we many reasons mentioned and quarter, have from for I be to been some through
this not any their client expect While the term. and from impacts, to partnering revenues working we accommodating future. with transition through opportunities this us and We still transition lose for more positioned into has this with needs long its are them do
associated resulting from with potential the iPhone has third call We Unfortunately, volumes iPhone demand. and launches. the revenues our spike to about spoke quarter benefit the soft also last fourth reportedly in in X quarter experienced any
In debt will $X.X maintain free initiatives quarter, don't to to and had to by XXXX. from iPhone our anticipated yet volumes have we and enhance paying of focus continue generating down track in X associated down wireless on Despite continued volumes million clients and this push more pleased see we see reduce to a cash delays million. quarter. we and to its $XX.X paying call challenges recent will perspective, much that to the to during likely From balance of quarter, margins record the into revenue summary, expect than leverage on debt. fourth sheet So The to we the a key growth benefit profitability. we’ve the flow were
execution ramp We continue will the continue management has customer of continuing will by new centric tight business. focus StarTek efforts system success. clients for to value improve G&A engagement will methodology and win and development Business to initiatives to believe position utilization which who We on our and maintain provides and StarTek by these customer differentiated analytics. capacity insights a Advantage guided
top we challenges necessary not As we changes. our making digit meaningful and is and stated line growth initiative, if in StarTek to achieve benefits that realize XX% have expect be to of objective adjusted financial assume double year XXXX. I at the will the those high-grading for growth. exit you process I the complete we stated an that levels EBITDA could and that addressing
those business goals We the obviously replacing yet at of and not we certainly do like revenue. are not
acceptable will now provides of are John and initiative believe step and achievable. to levels ideal science an Amanda, I powered to However, pipeline our by of with of differentiation the high-grading for questions. dialogue goals I the StarTek us these Advantage open system The important was confidence strength profitability. the do achieve
