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PeopleSupport Reports Record Revenues of $14 Million for Second Quarter 2005Los Angeles - July 28, 2005 PeopleSupport, Inc. (Nasdaq: PSPT - News), an offshore business process outsourcing (BPO) provider that offers customer management and accounts receivable management services for U.S.-based clients from its facilities in the Philippines, today announced financial results for its second quarter ended June 30, 2005. Net income, which is presented in accordance with generally accepted accounting principles (GAAP), for the second quarter of 2005 was $2.2 million or $0.12 per diluted share, as compared with net income of $1.3 million or $0.09 per diluted share for the second quarter of 2004, representing an increase of 74% year-over-year. "With year-over-year and sequential revenue growth, the second quarter marked another strong quarter for the company," said Lance Rosenzweig, PeopleSupport's Chairman and Chief Executive Officer. "Net income and earnings per share also increased year-over-year despite costs incurred in our early migration to the PeopleSupport Center, our new regional headquarters in the Philippines. We believe that this new, world-class center, consisting of approximately 160,000 square feet and 3,400 production and non-production seats, is the finest facility in the Philippines to be built specifically for BPO services." Rosenzweig added. Rosenzweig also reported that the first phase of its migration process proved seamless to our clients. The process began in June and was recently completed ahead of schedule and within budget. The new center is expected to provide PeopleSupport with additional expansion capacity, lower long-term facilities costs and better control over client deliverables in security and technical service levels.
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