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This excerpt taken from the PSPT 10-Q filed May 7, 2008. Cost
of Revenues
Cost of revenues increased $2.0 million, or 9.2%, to
$23.8 million for the three month period ended
March 31, 2008 from $21.8 million for the three month
period ended March 31, 2007. Cost of revenues as a
percentage of revenues increased to 66.7% for the three month
period ended March 31, 2008 from 65.0% for the three month
period ended March 31, 2007. The increase as a percent of
revenues was primarily attributable to the appreciation of the
Philippine peso. Payroll related costs rose by
$2.0 million, including a favorable adjustment to paid time
off of $0.6 million, as we increased our workforce to meet
higher demand for our services.
In view of escalating costs caused by exchange rate
fluctuations, we have entered into a series of new foreign
currency forward contracts in the second quarter of this year,
covering a substantial portion of our peso denominated costs for
the next 12 months. The new forward contracts are intended
to minimize the future volatility from currency movements by
better matching of the expense with the associated potential
gain or loss from the hedge.
Table of Contents
We expect the cost of revenues to grow at the same pace or
slightly slower than our revenue growth in 2008 as we continue
to strategically expand our outsourcing delivery capabilities to
meet anticipated increases in demand from new and existing
clients. The costs of expansion primarily include compensation
and training of additional outsourcing and support personnel,
including middle and upper management, rental of facilities,
information technology, telecommunications and transmission
rights. Our strategic investments in expanded client service
capacity will generally occur ahead of anticipated increases in
client demand.
These excerpts taken from the PSPT 10-K filed Mar 6, 2008. Cost
of Revenues
Cost of revenues excludes depreciation and amortization expenses
and consists primarily of employee-related costs associated with
the services rendered on behalf of a client, as well as
telecommunication costs, information technology costs associated
with providing customer management services and facility support
costs related to the operation of outsourcing and data centers.
Cost of Revenues Cost of revenues excludes depreciation and amortization expenses and consists primarily of employee-related costs associated with the services rendered on behalf of a client, as well as telecommunication costs, information technology costs associated with providing customer management services and facility support costs related to the operation of outsourcing and data centers. This excerpt taken from the PSPT 10-Q filed Nov 6, 2007. Cost
of Revenues
Cost of revenues increased $26.2 million, or 53.6%, to
$75.2 million for the nine month period ended
September 30, 2007 from $49.0 million for the nine
month period ended September 30, 2006. The increase was
primarily attributable to the increase in revenue, the
appreciation of the Philippine peso, and a lower negotiated
profit margin on new contracts. The Company anticipates that
these trends will continue through much of the year and that
cost of revenues will comprise a larger percent of revenue than
in 2006. Specifically, payroll related costs increased
$15.3 million as the Company increased its workforce to
meet increased demand for services combined with an unfavorable
exchange rate. Facilities related costs increased
$7.4 million as the Company added additional facilities due
to its growth and anticipated future growth. Travel costs
increased $0.6 million as the Company added operations in
Costa Rica and additional cities in the Philippines. Computer
and telephone systems related expenses increased
$2.2 million as the Company incurred maintenance and
internet service charges. Stock based compensation expense
increased $0.7 million.
Cost of revenues as a percentage of revenues increased to 71.7%
for the nine month period ended September 30, 2007 from
61.9% for the nine month period ended September 30, 2006.
This excerpt taken from the PSPT 10-Q filed Aug 8, 2007. Cost
of Revenues
Our cost of revenues increased $20.0 million, or 68%, to
$49.5 million for the six month period ended June 30,
2007 from $29.5 million for the six month period ended
June 30, 2006. The increase was primarily attributable to
the increase in revenue, the appreciation of the Philippine
peso, and a lower negotiated profit margin on new contracts. We
anticipate that these trends will continue through much of the
year and that our cost of revenues will comprise a larger
percent of revenue than in 2006. Specifically, payroll related
costs increased $11.5 million as we increased our workforce
to meet increased demand for services combined with an
unfavorable exchange rate. Facilities related costs increased
$5.3 million as we added additional facilities due to our
growth and anticipated future growth. Travel costs increased
$0.3 million as we added operations in Costa Rica and
additional cities in the Philippines and reimbursable costs
increased by $0.7 million. Computer and telephone systems
related expenses increased $1.6 million as we incurred
maintenance and internet service charges. Stock based
compensation expense increased $0.6 million.
Our cost of revenues as a percentage of revenues increased to
73% for the six month period ended June 30, 2007 from 60%
for the six month period ended June 30, 2006.
This excerpt taken from the PSPT 10-Q filed May 10, 2007. Cost
of Revenues
Our cost of revenues increased $10.0 million, or 75%, to
$23.5 million for the three months ended March 31,
2007 from $13.5 million for the three months ended
March 31, 2006. The increase was primarily attributable to
the increase in revenue, the appreciation of the Philippine
peso, decreased utilization due to increased buildouts and the
unexpected decline and ultimate loss of one of our largest
clients. We anticipate that these trends will continue through
much of the year and that our cost of revenues will comprise a
larger percent of revenue than in 2006. Specifically, payroll
related costs increased $7.0 million as we increased our
workforce to meet increased demand for services. Facilities
related costs increased $1.1 million as we added additional
facilities due to our growth and anticipated future growth.
Travel costs increased $0.8 million as we added operations
in Costa Rica and additional cities in the Philippines. Computer
and telephone systems related expenses increased
$0.6 million as we incurred maintenance and buildout
expenses associated with the continued improvements in our
technology infrastructure. Stock based compensation expense
increased $0.3 million.
Our cost of revenues as a percentage of revenues increased from
58% for the three months ended March 31, 2006 to 70% for
the three months ended March 31, 2007.
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PEOPLESUPPORT,
INC. AND SUBSIDIARIES
FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2007
This excerpt taken from the PSPT 10-K filed Mar 16, 2007. Cost
of Revenues
Cost of revenues consists primarily of employee-related costs
associated with the services rendered on behalf of a client, as
well as telecommunications costs, information technology costs
associated with providing services, facilities support and
customer management support costs related to the operation of
outsourcing and data centers and consulting services.
This excerpt taken from the PSPT 10-K filed Mar 16, 2006. Cost
of Revenues
Cost of revenues consists primarily of employee-related costs
associated with the services rendered on behalf of a client, as
well as telecommunications costs, information technology costs
associated with providing services, facilities support and
customer management support costs related to the operation of
outsourcing and data centers and consultant services.
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