NCO Group, Inc. Announces First Quarter Results With Net Income Of $0.47 Per Share

NCO Group, Inc. (“NCO”)(NasdaqNM:NCOG), a leading provider of accounts receivable management and collection services, announced today that during the first quarter it achieved net income of $0.47 per share, on a diluted basis.

During the first quarter, net income was $12.3 million, or $0.47 per share, on a diluted basis, as compared to income from continuing operations of $11.4 million, or $0.44 per share, on a diluted basis, in the first quarter a year ago. Revenue in the first quarter of 2001 was $171.0 million, an increase of 18.8% or $27.0 million, from revenue of $144.0 million in the first quarter of the previous year.

The Company’s operations are currently organized into market specific divisions that include the U.S. Operations, Portfolio Management, and International Operations. These divisions represented $155.8 million, $12.6 million and $8.7 million of the revenue for the first quarter of 2001, respectively, before intercompany eliminations of $6.1 million. In the first quarter of 2000, these divisions represented $136.1 million, $890,000 and $7.5 million of the revenue, respectively, before intercompany eliminations of $516,000.