Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener. Sykes Enterprises ( SYKE) reported on March 2, 2009 that Q4 FY08 earnings slipped 19.4%, hurt by higher taxes on foreign exchange gains and a ruling by the German Supreme Court. Net income dropped to $7.63 million or $0.19 per share from $9.47 million or $0.23 per share in Q4 FY07. The latest quarterly earnings missed the consensus estimate of $0.32 per share. Total revenue rose 1.5% to $200.77 million from $197.71 million, hurt by a $22.90 million loss from a strengthening US dollar. On a constant currency basis, revenue increased 13.1% year-over-year. Revenue from the Americas increased 2.4% to $138.29 million, driven by an increase in customer care demand, which was partially offset by unfavorable foreign currency translations of $12.80 million. Revenue from Europe, the Middle East, and Africa dipped 0.3% to $62.48 million as a $9.90 million increase in customer care demand was offset by $10.10 million related to a weaker Euro relative to the US dollar. Capacity utilization rate rose to 81.00% from 80.00% on a comparable basis on 3,100 new seat additions. FY08 earnings increased 51.9% to $60.56 million or $1.48 per share from $39.86 million or $0.98 per share in FY07. Revenue surged 15.4% to $819.19 million from $710.12 million. Sykes Enterprises expects Q1 FY09 EPS of $0.28 to $0.30 on revenue between $203.00 million and $205.00 million. FY09 revenue is expected between $839.00 million and $843.00 million and EPS is expected between $1.26 and $1.32.