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Exult Inc. of Irvine Reports Deeper Loss

July 13, 2001

Exult Inc., an Irvine provider of human-resource services, reported that its loss for the second quarter widened to $24.8 million, or 27 cents a share, from $13.8 million, or 40 cents a share, a year earlier on a smaller number of shares outstanding. The loss for the recent quarter included $7.3 million in charges for such items as severance and facility consolidation. Revenue surged to $64.3 million from $8.2 million.

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