SYKES Enterprises, Incorporated

Corporate Headquarters:

400 North Ashley Drive

Tampa, FL USA 33602

1 . 800 . TO . SYKES

http://www.sykes.com

EMEA Operations:

599 Calder Road

Edinburgh EH11 4GA

Scotland

+44 (0) 131 458-6500

SYKES ENTERPRISES, INCORPORATED REPORTS

FIRST-QUARTER 2015 FINANCIAL RESULTS

--First quarter 2015 revenue, operating margins and diluted earnings per share top business outlook ranges

-- First quarter 2015 results driven by increased constant currency demand, agent productivity gains, expense leverage and increased capacity utilization rate

--Net cash provided by operating activities increases comparably

--Updating full-year 2015 business outlook

TAMPA, FL – May 4, 2015 - Sykes Enterprises, Incorporated (“SYKES” or the “Company”) (NASDAQ: SYKE), a global leader in providing comprehensive outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena, announced today its financial results for the first-quarter ended March 31, 2015.

First Quarter 2015 Financial Highlights

Americas Region

Revenues from the Company’s Americas region, including operations in North America and offshore (Latin America, South Asia and the Asia Pacific region), increased 1.1% to $264.2 million, or 81.6% of total revenues, for the first quarter of 2015 compared to $261.2 million, or 80.5% of total revenues, in the same prior year period. On a constant currency basis, first quarter 2015 Americas revenues increased 2.5% comparably driven largely by the expansion of existing and some new client programs across the communications, technology and healthcare verticals.

Sequentially, revenues generated from the Americas region decreased 7.5% to $264.2 million from $285.5 million, or 81.6% of total revenues, in the fourth quarter of 2014. On a constant currency basis, first quarter 2015 Americas revenues decreased 6.3% over fourth quarter due largely to seasonality.

The Americas income for the first quarter of 2015 increased 43.7% to $32.6 million, with an operating margin of 12.3% versus 8.7% in the comparable quarter last year. On a non-GAAP basis, the Americas operating margin increased to 13.7% from 10.2% in the comparable quarter last year, driven by higher demand, agent productivity gains, improved capacity utilization and better expense leverage, coupled with favorable foreign exchange impact (approximately 150 basis points) (see Exhibit 6 for reconciliation).

Sequentially, the Americas income for the first quarter of 2015 decreased 21.5% to $32.6 million, with an operating margin of 12.3% versus 14.5% in the fourth quarter of 2014. The Americas income from operations for the fourth quarter of 2014 includes the facility-sale gain of $2.6 million, or 90 basis points of operating margin contribution. On a non-GAAP basis, which excludes the facility-sale gain, the Americas operating margin was 13.7% versus 14.9% in the fourth quarter of 2014, with the decrease principally a function of seasonality (see Exhibit 6 for reconciliation).

EMEA Region

Revenues from the Company’s Europe, Middle East and Africa (EMEA) region decreased 5.8% to $59.5 million, representing 18.4% of total revenues for the first quarter of 2015, compared to $63.2 million, or 19.5% of total revenues, in the same prior year period. On a constant currency basis, EMEA revenues increased 13.9% on a comparable basis driven by the communications, technology and transportation and leisure verticals.

Sequentially, revenues from the Company’s EMEA region decreased 7.7% to $59.5 million, or 18.4% of SYKES’ total revenues, versus $64.4 million, or 18.4% of SYKES’ total revenues, in the fourth quarter of 2014. On a constant currency basis, EMEA revenues increased 1.5% sequentially, driven by higher demand from existing client programs particularly within the transportation and leisure vertical.

The EMEA region’s income for the first quarter of 2015 was $3.8 million, or 6.4% of EMEA revenues, versus $2.9 million, or 4.6% of revenues, in the comparable quarter last year. On a non-GAAP basis, the operating margin was 6.4% versus 4.6% in the same period last year, with the margin increase driven by a combination of higher demand, higher capacity utilization, productivity improvements on programs launched last year and expense leverage (see Exhibit 6 for reconciliation).

Sequentially, the EMEA region’s income for the first quarter of 2015 was $3.8 million, or 6.4% of EMEA revenues, versus $4.8 million, or 7.4% of revenues, in the fourth quarter of 2014. On a non-GAAP basis, the EMEA operating margin was 6.4% versus 7.4% in the fourth quarter of 2014 due to costs associated with programs ramps (see Exhibit 6 for reconciliation).

Corporate G&A & Other Expenses

Corporate G&A expenses increased to $13.8 million, or 4.3% of revenues, in the first quarter of 2015, compared to $11.1 million, or 3.4% of revenues both on GAAP and non-GAAP basis, in the comparable quarter last year, with the increase driven by a combination of expenses related to increased incentive compensation, as well as higher legal and professional services fees, (see Exhibit 6 for reconciliation).

Sequentially, corporate G&A expenses increased slightly to $13.8 million from $13.7 million in the fourth quarter of 2014, and to 4.3% of revenues in the first quarter of 2015 from 3.9% of revenues in the fourth quarter of 2014 on both a GAAP and non-GAAP basis (see Exhibit 6 for reconciliation).

Other Income (Expense) and Taxes

Total other expense, net for the first quarter of 2015 totaled $1.1 million compared to other income of $0.4 million for the same period in the prior year. The negative $1.5 million swing in total other expense, net was due mostly to realized and unrealized foreign currency transaction losses, coupled with derivative losses related to foreign currency exposure associated with inter-company borrowings.

The Company recorded an effective tax rate of 27.1% for the first quarter of 2015 versus 30.7% in the same period last year and versus the estimated 27% provided in the Company’s February 2015 business outlook. The effective tax rate differential on a comparable basis was due to a shift in the geographic mix of earnings to low tax rate jurisdictions.

On a non-GAAP basis, the first quarter 2015 effective tax rate was 28.3% compared to 31.3% in the same period last year and slightly above the estimated 28% provided in the Company’s February 2015 business outlook (see Exhibit 8 for reconciliation). The effective tax rate differential on a comparable basis was due to the aforementioned factor.

Liquidity and Capital Resources

The Company’s balance sheet at March 31, 2015 remained strong with cash and cash equivalents of $214.1 million, of which approximately 90.9%, or $194.5 million, was held in international operations and is deemed to be indefinitely reinvested offshore. In the first quarter of 2015, net cash provided by operating activities was up 77.3% to $28.6 million driven by higher net income, non-cash items and contribution from working capital changes. At quarter end, the Company had $74.0 million in borrowings outstanding, with $171.0 million available under its credit facility.

Business Outlook

The assumptions driving the business outlook for the second quarter and full-year 2015 are as follows:

Considering the above factors, the Company anticipates the following financial results for the three months ending June 30, 2015:

For the twelve months ending December 31, 2015, the Company anticipates the following financial results:

** See exhibits 7 & 8 for second quarter and full-year 2015 non-GAAP diluted earnings per share and tax rate reconciliations.

Conference Call

The Company will conduct a conference call regarding the content of this release tomorrow, May 5, 2015, at 10:00 a.m. Eastern Daylight Time. The conference call will be carried live on the Internet. Instructions for listening to the call over the Internet are available on the Investors page of SYKES’ website at www.sykes.com. A replay will be available at this location for two weeks. This press release is also posted on the SYKES website at http://investor.sykes.com/investor-relations/Investor-Resources/Investor-Relations-Home/default.aspx.

Non-GAAP Financial Measures

Non-GAAP income , non-GAAP operating margins, non-GAAP tax rate, non-GAAP income , net of taxes, per diluted share and non-GAAP income by segment are important indicators of performance as these non-GAAP financial measures assist readers in further understanding the Company’s results from operations and how management evaluates and measures such performance. These non-GAAP indicators of performance are not measures of financial performance under U.S. Generally Accepted Accounting Principles (“GAAP”) and should not be considered a substitute for measures determined in accordance with GAAP. Refer to the exhibits in the release for detailed reconciliations.

About Sykes Enterprises, Incorporated

SYKES is a global leader in providing comprehensive customer contact management solutions and services in the business process outsourcing (BPO) arena. SYKES provides an array of sophisticated customer contact management solutions to Fortune 1000 companies around the world, primarily in the communications, financial services, healthcare, technology and transportation and leisure industries. SYKES specializes in providing flexible, high quality customer support outsourcing solutions with an emphasis on inbound technical support and customer service. Headquartered in Tampa, Florida, with customer contact management centers throughout the world, SYKES provides its services through multiple communication channels encompassing phone, e-mail, web, chat and social media. Utilizing its integrated onshore/offshore and virtual at-home agent delivery models, SYKES serves its clients through two geographic operating segments: the Americas (United States, Canada, Latin America, India and the Asia Pacific region) and EMEA (Europe, Middle East and Africa). SYKES also provides various enterprise support services in the Americas and fulfillment services in EMEA, which include order processing, inventory control, product delivery and product returns handling. For additional information please visit www.sykes.com.

Forward-Looking Statements

This press release may contain “forward-looking statements,” including SYKES’ estimates of future business outlook, prospects or financial results, statements regarding SYKES’ objectives, expectations, intentions, beliefs or strategies, or statements containing words such as “believe,” “estimate,” “project,” “expect,” “intend,” “may,” “anticipate,” “plans,” “seeks,” “implies,” or similar expressions. It is important to note that SYKES’ actual results could differ materially from those in such forward-looking statements, and undue reliance should not be placed on such statements. Among the important factors that could cause such actual results to differ materially are (i) the impact of economic recessions in the U.S. and other parts of the world, (ii) fluctuations in global business conditions and the global economy, ability of maintaining margins offshore (iii) SYKES’ ability to continue the growth of its support service revenues through additional technical and customer contact centers, (iv) currency fluctuations, (v) the timing of significant orders for SYKES’ products and services, (vi) loss or addition of significant clients, (vii) the early termination of contracts by clients, (viii) SYKES’ ability to recognize deferred revenue through delivery of products or satisfactory performance of services, (ix) construction delays of new or expansion of existing customer support centers, (x) difficulties or delays in implementing SYKES’ bundled service offerings, (xi) failure to achieve sales, marketing and other objectives, (xii) variations in the terms and the elements of services offered under SYKES’ standardized contract including those for future bundled service offerings, (xiii) changes in applicable accounting principles or interpretations of such principles, (xiv) delays in the Company’s ability to develop new products and services and

market acceptance of new products and services, (xv) rapid technological change, (xvi) political and country-specific risks inherent in conducting business abroad, (xvii) SYKES’ ability to attract and retain key management personnel, (xviii) SYKES’ ability to further penetrate into vertically integrated markets, (xix) SYKES’ ability to expand its global presence through strategic alliances and selective acquisitions, (xx) SYKES’ ability to continue to establish a competitive advantage through sophisticated technological capabilities, (xxi) the ultimate outcome of any lawsuits or penalties (regulatory or otherwise), (xxii) SYKES’ dependence on trends toward outsourcing, (xxiii) risk of interruption of technical and customer contact management center operations due to such factors as fire, earthquakes, inclement weather and other disasters, power failures, telecommunications failures, unauthorized intrusions, computer viruses and other emergencies, (xxiv) the existence of substantial competition, (xxv) the ability to obtain and maintain grants and other incentives, including tax holidays or otherwise, (xxvi) risks related to the integration of the businesses of SYKES and Alpine Access and (xxvii) other risk factors listed from time to time in SYKES’ registration statements and reports as filed with the Securities and Exchange Commission. All forward-looking statements included in this press release are made as of the date hereof, and SYKES undertakes no obligation to update any such forward-looking statements, whether as a result of new information, future events, or otherwise.

For additional information contact:

Subhaash Kumar

Sykes Enterprises, Incorporated

(813) 233-7143