<PAGE>   1
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-Q/A


(Mark One)
    [X]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended March 31, 1999

                                       or

    [ ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                 For the transition period from _____ to _____

                         Commission File Number 0-26970


                             METAMOR WORLDWIDE, INC.
             (Exact name of Registrant as specified in its charter)

             DELAWARE                             76-0407849
     (State of Incorporation)       (I.R.S. Employer Identification Number)

                        4400 POST OAK PARKWAY, SUITE 1100
                              HOUSTON, TEXAS 77027
                    (Address of Principal Executive Offices)
                                   (Zip Code)

                                 (713) 548-3400
              (Registrant's telephone number, including area code)



         Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months and (2) has been subject to such filing
requirements for the past 90 days. Yes  X  No
                                       ---    ---

         As of May 7, 1999, the Company had 33,889,207 shares of Common Stock,
par value $0.01 per share, outstanding.

================================================================================




<PAGE>   2
                    METAMOR WORLDWIDE, INC. AND SUBSIDIARIES
                                      INDEX


<TABLE>
<CAPTION>
                                                                               Page
                                                                               ----
<S>           <C>                                                              <C>
PART I.       FINANCIAL INFORMATION

              Item 1.      Financial Statements                                  3

              Item 2.      Management's Discussion and Analysis of              11
                           Financial Condition and Results of Operations

              Item 3.      Quantitative and Qualitative Disclosures             16
                           About Market Risk

PART II.      OTHER INFORMATION

              Item 6.      Exhibits and Reports on Form 8-K                     17
</TABLE>



                                       2
<PAGE>   3
                         PART I - FINANCIAL INFORMATION

ITEM 1.       FINANCIAL STATEMENTS

                    METAMOR WORLDWIDE, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                             (dollars in thousands)

<TABLE>
<CAPTION>
                                                                             MARCH 31,     DECEMBER 31,
                                                                               1999            1998
                                                                            -----------    -----------
                                                                            (UNAUDITED,
                                                                            AS RESTATED)
<S>                                                                         <C>            <C>
                                        ASSETS
Current Assets:
   Cash and cash equivalents                                                $    31,022    $    27,613
   Accounts receivable, net of allowance of $5,959 and $3,055                   158,411         94,045
   Prepaid expenses and other                                                    15,647         10,608
                                                                            -----------    -----------
      Total current assets                                                      205,080        132,266

Net Assets Held for Sale                                                        307,812        278,176
Fixed Assets, net                                                                37,815         27,970
Intangible Assets, net of accumulated amortization of $8,630 and $6,261         501,788        257,405
Investments and Other                                                             8,669          7,851
                                                                            -----------    -----------
Total Assets                                                                $ 1,061,164    $   703,668
                                                                            ===========    ===========

                        LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
   Current maturities of long-term debt                                     $     2,000    $     2,124
   Accounts payable and accrued expenses                                         22,635         23,141
   Payroll and related taxes                                                     48,706         27,821
   Amounts due sellers of acquired businesses                                    37,832         51,311
   Deferred income taxes and other                                               13,167         20,020
                                                                            -----------    -----------
      Total current liabilities                                                 124,340        124,417

Long-term Debt, net of current maturities                                       497,295        238,076
Deferred Income Taxes and Other                                                   7,469          2,430
Minority Interests                                                               10,239           --

Commitments and Contingencies

Stockholders' Equity:
   Preferred stock, par value $.01; 5,000,000 shares authorized;
      none outstanding                                                             --             --
   Common stock, par value $.01;100,000,000 shares authorized; 33,905,489
      and 32,408,448 shares issued and outstanding                                  339            324
   Additional paid-in capital                                                   298,920        225,075
   Retained earnings                                                            123,575        114,361
   Accumulated other comprehensive income                                        (1,013)        (1,015)
                                                                            -----------    -----------
      Total stockholders' equity                                                421,821        338,745
                                                                            -----------    -----------
Total Liabilities and Stockholders' Equity                                  $ 1,061,164    $   703,668
                                                                            ===========    ===========
</TABLE>

            See notes to unaudited consolidated financial statements.

                                       3
<PAGE>   4
                    METAMOR WORLDWIDE, INC. AND SUBSIDIARIES
                CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
                    (in thousands, except per share amounts)


<TABLE>
<CAPTION>
                                                          THREE MONTHS ENDED
                                                               MARCH 31,
                                                        ----------------------
                                                           1999         1998
                                                        ---------    ---------
                                                      (AS RESTATED)
<S>                                                     <C>          <C>
Revenues from Services                                  $ 121,701    $  64,936
Cost of Services                                           69,329       39,262
                                                        ---------    ---------
Gross Profit                                               52,372       25,674

Operating Costs and Expenses:
   Selling, general and administrative                     35,245       17,581
   Depreciation and amortization                            4,579        1,605
                                                        ---------    ---------
                                                           39,824       19,186
                                                        ---------    ---------

Operating Income                                           12,548        6,488

Other Income (Expense):
   Interest expense                                        (3,082)      (1,444)
   Minority interests                                      (1,225)        --
   Other, net                                                (122)         (51)
                                                        ---------    ---------
                                                           (4,429)      (1,495)
                                                        ---------    ---------
Income from Continuing Operations before
    Income Taxes                                            8,119        4,993
Provision for Income Taxes                                  3,555        2,097
                                                        ---------    ---------
Income from Continuing Operations                           4,564        2,896
Income from Discontinued Operations,
   net of income taxes of $3,365 and $4,245                 4,650        5,911
                                                        ---------    ---------
Net Income                                              $   9,214    $   8,807
                                                        =========    =========

Earnings per Common Share (Basic and Diluted):
   Income from Continuing Operations                    $    0.14    $    0.09
   Income from Discontinued Operations                       0.14         0.18
                                                        ---------    ---------
   Net Income                                           $    0.28    $    0.27
                                                        =========    =========

Reconciliation of Net Income to Comprehensive Income:
   Net Income                                           $   9,214    $   8,807
   Currency Translation Adjustments                            (2)         (18)
                                                        ---------    ---------
   Comprehensive Income                                 $   9,212    $   8,789
                                                        =========    =========
</TABLE>

            See notes to unaudited consolidated financial statements.

                                       4
<PAGE>   5

                    METAMOR WORLDWIDE, INC. AND SUBSIDIARIES
                CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                                 (in thousands)

<TABLE>
<CAPTION>
                                                                                       THREE MONTHS ENDED
                                                                                            MARCH 31,
                                                                                     ----------------------
                                                                                        1999         1998
                                                                                     ---------    ---------
                                                                                     (AS RESTATED)
<S>                                                                                  <C>          <C>
Cash Flows from Operating Activities:
   Net income                                                                        $   9,214    $   8,807
   Adjustments to reconcile net income to net cash provided by (used in) operating
    activities:
     Depreciation and amortization                                                       6,743        4,625
     Amortization of debt costs and discount on convertible notes                        1,360        1,306
     Amortization of deferred compensation                                                --             22
     Deferred income tax provision (benefit)                                              (187)         562
     Provision for doubtful accounts                                                     1,270          355
     Other                                                                              (1,335)        (929)
     Changes in assets and liabilities net of effects of acquisitions:
       Accounts receivable                                                             (29,373)     (25,393)
       Prepaid expenses and other                                                        3,384        1,484
       Accounts payable                                                                 (6,625)       8,808
       Accrued liabilities                                                              (7,789)      (3,039)
                                                                                     ---------    ---------
         Net cash used in operating activities                                         (23,338)      (3,392)
                                                                                     ---------    ---------

Cash Flows from Investing Activities:
   Cash paid for acquisitions, net of cash acquired                                   (197,571)    (116,503)
   Capital expenditures                                                                (10,991)      (7,827)
   Other                                                                                   543         (805)
                                                                                     ---------    ---------
         Net cash used in investing activities                                        (208,019)    (125,135)
                                                                                     ---------    ---------

Cash Flows from Financing Activities:
   Net proceeds from issuance of long-term debt                                        240,209      127,013
   Payments on long-term debt                                                             --            (68)
   Repurchase of common stock                                                           (1,903)        --
   Net proceeds from sale of common stock                                                2,612        3,803
                                                                                     ---------    ---------
         Net cash provided by financing activities                                     240,918      130,748
                                                                                     ---------    ---------

Net increase in cash and cash equivalents                                                9,561        2,221
Cash and cash equivalents at beginning of period                                        21,593       13,374
                                                                                     ---------    ---------
Cash and cash equivalents at end of period                                              31,154       15,595
Less - Cash and cash equivalents related to discontinued operations                       (132)      (5,727)
                                                                                     ---------    ---------
Cash and cash equivalents related to continuing operations at end of period          $  31,022    $   9,868
                                                                                     =========    =========

Cash paid during the periods for:
    Interest, net of amounts capitalized                                             $   4,841    $   2,202
                                                                                     =========    =========
    Income taxes                                                                     $   3,851    $   1,597
                                                                                     =========    =========
</TABLE>

            See notes to unaudited consolidated financial statements.



                                       5
<PAGE>   6

                    METAMOR WORLDWIDE, INC. AND SUBSIDIARIES
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

1.       GENERAL

         The consolidated financial statements of Metamor Worldwide, Inc. and
its wholly-owned subsidiaries ("Metamor" or the "Company") included herein have
been prepared without audit pursuant to the rules and regulations of the
Securities and Exchange Commission. Accordingly, certain information and
disclosures normally included in financial statements prepared in accordance
with generally accepted accounting principles have been omitted. The Company
believes that the presentations and disclosures herein are adequate to make the
information not misleading. The consolidated financial statements reflect all
adjustments (consisting of normal recurring adjustments) necessary for a fair
presentation of the interim periods.

         The results of operations for the interim periods are not necessarily
indicative of the results of operations to be expected for the full year. These
consolidated financial statements should be read in conjunction with the
Company's audited consolidated financial statements included in its Annual
Report on Form 10-K for the year ended December 31, 1998.

2.       DISCONTINUED OPERATIONS

         In 1998, the Company sold its staffing services business and in May
1999, its management and Board of Directors approved a plan to sell its project
support and software solutions businesses. Accordingly, the net assets and
operating results of these businesses (including prior periods) are reflected in
the accompanying consolidated financial statements as discontinued operations.

         Revenues from discontinued operations were $127.4 million and $234.5
million for the three months ended March 31, 1999 and 1998, respectively. Income
from discontinued operations includes an allocation of interest expense based on
net assets of the business units included in continuing and discontinued
operations. Interest expense of $4.0 million and $4.2 million for the three
months ended March 31, 1999 and 1998, respectively, was allocated to
discontinued operations. Income taxes on discontinued operations were $2.8
million and $4.3 million for the three months ended March 31, 1999 and 1998,
respectively. Net assets of the discontinued operations consist primarily of
accounts receivable, fixed assets, intangibles and liabilities to be assumed.

3.       INCOME TAXES

         The Company follows the liability method of accounting for income
taxes. Under this method, deferred income tax assets and liabilities are
determined based on differences between the financial statement and income tax
bases of assets and liabilities using enacted tax rates in effect for the year
in which the differences are expected to reverse. The Company's interim
provisions for income taxes were computed using its estimated effective tax rate
for the year.

4.       ACQUISITIONS

         All acquisitions made by the Company have been accounted for using the
purchase method of accounting. Accordingly, the results of operations of the
acquired businesses are included in the Company's consolidated results of
operations from the date of acquisition. During the three months ended March 31,
1999, the Company acquired two solutions businesses and summary information on
these acquisitions follows:

<TABLE>
<S>                                                        <C>
Purchase consideration (in thousands):
   Cash paid                                               $213,151
   Fair value of common stock issued                         73,151
   Amounts due sellers                                       37,832
   Liabilities assumed                                       59,298
                                                           --------
   Fair value of assets acquired (including intangibles)   $383,432
                                                           ========
</TABLE>



                                       6
<PAGE>   7

                    METAMOR WORLDWIDE, INC. AND SUBSIDIARIES
       NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)

         In February 1999, the Company acquired 42 percent of the outstanding
shares and convertible debt of Decan, a publicly-traded, French-based solutions
company, and instituted a public tender offer for the remaining shares. As of
March 31, 1999, the Company had acquired approximately 62 percent of Decan for
$100.0 million, consisting of $95.0 million in cash and approximately 233,321
shares of the Company's common stock. In April 1999, the Company acquired an
additional 34 percent of Decan for $52.0 million in cash, bringing its total
ownership to approximately 96 percent. In connection with the issuance of the
Company's common stock, the Company received a note from a selling shareholder
of Decan. The note totals approximately $3.1 million and is secured by the
issued common stock. The note bears interest at 3 percent and is due March 2001.

         In March 1999, the Company acquired GE Capital Consulting, a solutions
business and wholly-owned subsidiary of GE Capital Corporation, for $117.3
million, consisting of $52.0 million in cash and 1,186,364 shares of the
Company's common stock (the "Issued Stock") valued at $65.3 million. The Issued
Stock is subject to a price guarantee which provides that if its fair market
value, as defined, is less than $65.3 million as of March 2004, the Company will
pay the sellers, in cash or stock, the differential. The guarantee will be
adjusted for any Issued Stock sold prior to the measurement date.

         In certain transactions, the sellers of the acquired businesses are
entitled to contingent consideration ("Earnouts") based on the post-acquisition
increase in earnings before interest and taxes ("EBIT"), as defined. During the
three months ended March 31, 1999, Earnouts of $64.2 million were paid to
sellers and an additional accrual of $25.4 million was recorded for Earnouts to
be paid in the second quarter of 1999. At March 31, 1999, the maximum
contractual amount of Earnouts based on future increases in EBIT totaled $184.5
million. The payment of any contingent consideration will increase goodwill.

         The following results of operations have been prepared assuming the
acquisitions made through March 31, 1999 occurred as of the beginning of the
periods presented. The pro forma operating results are not necessarily
indicative of future operating results nor of results that would have occurred
had the acquisitions been consummated as of the beginning of the periods
presented.

<TABLE>
<CAPTION>
                                              THREE MONTHS ENDED
                                                   MARCH 31,
                                           -------------------------
                                               1999          1998
                                           -----------   -----------
                                             (IN THOUSANDS, EXCEPT
                                               PER SHARE AMOUNTS)
                                          (AS RESTATED)
<S>                                        <C>           <C>
Revenues from Services                     $   144,274   $   121,736
Income from Continuing Operations          $     4,107   $     1,384
Net Income                                 $     8,757   $     7,295
Earnings per Common Share:
   Basic
      Income from continuing operations    $      0.12   $      0.04
                                           ===========   ===========
      Net income                           $      0.26   $      0.22
                                           ===========   ===========
   Diluted
       Income from continuing operations   $      0.12   $      0.04
                                           ===========   ===========
       Net income                          $      0.26   $      0.21
                                           ===========   ===========
</TABLE>



                                       7
<PAGE>   8

                    METAMOR WORLDWIDE, INC. AND SUBSIDIARIES
       NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)

5.       LONG-TERM DEBT

         Under its Senior Credit Agreement (the "Agreement"), the Company may
borrow the lesser of $400 million or 3.5 times Pro Forma Adjusted EBITDA
(earnings before interest, income taxes, depreciation and amortization of all
acquired businesses for the preceding twelve-month period). The Agreement
contains certain covenants which, among other things, limit total debt to 5.25
times Pro Forma Adjusted EBITDA, limit the payment of dividends and require the
maintenance of certain financial ratios. The Agreement is secured by a pledge of
the stock of the Company's material subsidiaries. A fee of 0.175 percent to
0.375 percent is payable on the unused portion of the commitment.

         As of March 31, 1999, the Company had $283.0 million of outstanding
borrowings under the Agreement and remaining availability (after deducting
outstanding letters of credit of $1.8 million) of $115.2 million. Borrowings
under the Agreement bear interest, at the Company's option, at LIBOR or the
bank's base rate, plus the applicable margin. The weighted average interest rate
of the Company's outstanding borrowings under the Agreement was 5.91 percent at
March 31, 1999.

6.       COMMON STOCK

         Under terms of a share repurchase program approved by the Board of
Directors, the Company purchased 160,100 shares of common stock during the three
months ended March 31, 1999, at an average price per share of $15.22.

7.       EARNINGS PER SHARE

         The following table sets forth the computation of basic and diluted
earnings per share from continuing operations (in thousands, except per share
amounts):



                                       8
<PAGE>   9

                    METAMOR WORLDWIDE, INC. AND SUBSIDIARIES
       NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)


<TABLE>
<CAPTION>
                                                                Three Months Ended
                                                                    March 31,
                                                           ----------------------------
                                                             1999                1998
                                                           -------             --------
                                                        (As Restated)
<S>                                                        <C>                 <C>
Numerator:
   Income from continuing operations - numerator for
    basic earnings per share                               $ 4,564             $ 2,896
   Effect of dilutive securities:
     2.94% convertible subordinated notes                     --                  --
                                                           -------             -------
   Numerator for diluted earnings per share - income
    available to common stockholders after assumed
    conversions                                            $ 4,564             $ 2,896
                                                           =======             =======

Denominator:
   Denominator for basic earnings per share -
     weighted-average shares                                32,723              32,371
   Effect of dilutive securities:
     Stock options                                             214                 593
     2.94% convertible subordinated notes                     --                  --
                                                           -------             -------
   Dilutive potential common shares                            214                 593
                                                           -------             -------
   Denominator for diluted earnings per share - adjusted
    weighted-average shares and assumed conversions         32,937              32,964
                                                           =======             =======

Basic earnings per share                                   $  0.14             $  0.09
                                                           =======             =======

Diluted earnings per share                                 $  0.14             $  0.09
                                                           =======             =======
</TABLE>

         Options to purchase 1,871,158 and 133,277 shares of common stock for
the three months ended March 31, 1999 and 1998, respectively, were outstanding,
but were not included in the computation of diluted earnings per share because
the options' exercise prices were greater than the average market price of the
common shares. The effects of the conversion of the 2.94% convertible
subordinated notes were anti-dilutive for the periods presented.

8.       SEGMENT REPORTING

         The Company's continuing operations are comprised of five separate
service units. For segment reporting purposes, these units are aggregated and
reported as a single segment as they have very similar operational
characteristics, growth rates and margins. Services provided by these units
include application development and maintenance, systems integration and network
design and implementation.

         The Company has both domestic and foreign operations. As of and for the
three months ended March 31, 1999, the foreign operations had total assets of
$120 million and total revenues of $17 million, respectively.

9.       RESTATEMENT

         Subsequent to the filing of the Company's March 31, 1999, June 30, 1999
and September 30, 1999 Forms 10-Q with the Securities and Exchange Commission
(SEC), and following discussions with the staff of the SEC concerning its review
of the Company's registration statements of its eBusiness services unit,
Xpedior, Metamor reduced the goodwill amortization period for Xpedior to 20
years and adjusted the estimated fair value of Xpedior's stock used in measuring
the non-cash compensation charge for stock options issued during the third
quarter of 1999 prior to the initial public offering. These accounting
adjustments relate to Xpedior and will not affect the



                                       9
<PAGE>   10

                    METAMOR WORLDWIDE, INC. AND SUBSIDIARIES
       NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)


accounting treatment for Metamor's other business units. However, because
Xpedior is a majority-owned subsidiary of Metamor, the effects of these
adjustments will be reflected in Metamor's consolidated financial statements and
Metamor has decided to restate its Forms 10-Q for the 1999 quarterly periods.
The effect on periods prior to January 1, 1999 was not material to Metamor's
results of operations or its financial condition. For the three months ended
March 31, 1999, the charges reduced income from continuing operations before-tax
by $(0.8) million and income from continuing operations by $(0.6) million, or
$(0.2) per share.



                                       10
<PAGE>   11

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

         The following discussion should be read in conjunction with the
Company's Consolidated Financial Statements.

INTRODUCTION

         Since its inception in July 1993, the Company's growth has been through
a result of acquisitions of businesses coupled with high internal growth.
Through March 31, 1999, the Company had completed the acquisition of 38
businesses in the Information Technology ("IT") Services sector. All
acquisitions completed by the Company have been accounted for as purchases.
Accordingly, the historical Consolidated Financial Statements of the Company
include the operating results of the acquired businesses from the date of
acquisition.

         As a result of the strategic repositioning of the Company to focus
exclusively on its core solutions and project support businesses, management and
the Board of Directors approved the sale of the Company's staffing services
business during 1998. The historical Consolidated Financial Statements covering
periods prior to the sale of this business in July 1998 have been restated to
reflect the staffing services business as discontinued operations.

RESULTS OF OPERATIONS

                        THREE MONTHS ENDED MARCH 31, 1999
               COMPARED WITH THE THREE MONTHS ENDED MARCH 31, 1998
                    (in thousands, except per share amounts)

<TABLE>
<CAPTION>
                                      1999        1998
                                    --------    --------
                                  (AS RESTATED)
<S>                                 <C>         <C>
Revenues                            $121,701    $ 64,936
Gross profit                        $ 52,372    $ 25,674
Operating income                    $ 12,548    $  6,488
Income from continuing operations   $  4,564    $  2,896
Net income                          $  9,214    $  8,807
Earnings per share (diluted):
   Continuing operations            $   0.14    $   0.09
   Discontinued operations              0.14        0.18
                                    --------    --------
   Net income                       $   0.28    $   0.27
                                    ========    ========
</TABLE>

         SUMMARY. Income from continuing operations for the three months ended
March 31, 1999 was $4.6 million, or $0.14 per share, compared with $2.8 million,
or $0.09 per share, for the three months ended March 31, 1998. Net income for
the three months ended March 31, 1999, included one-time charges of $2.2 million
or $0.03 per share after tax. The charges related to costs incurred in
connection with a terminated merger and severance paid to an executive of the
Company.

          Revenues for the current quarter increased 87 percent to $121.7
million, up from $64.9 million in the first quarter of 1998. The improvement was
the result of internal growth, as well as the effects of acquisitions made since
the first quarter of 1998. All acquisitions made by the company were purchases
and, accordingly, the operating results of the acquired businesses are included
in the consolidated results from the date of acquisition.

         Gross profit for the current quarter increased 104 percent to $52.4
million. This improvement related to the 87 percent increase in revenues and an
expansion in gross margin. Gross margin for the current quarter was 43.0
percent, up from 39.5 percent in the first quarter of 1998.

         During the three months ended March 31, 1999, the Company recorded
one-time charges of $2.2 million, or $0.03 per share after income tax.
Approximately $1.1 million of the charge related to costs incurred in connection
with the proposed merger with SPR Inc. The merger was terminated in March 1999
and the costs were primarily for outside legal and accounting services. The
remainder of the charge related to severance paid under terms of an employment
agreement to the former president of the Company's project support business.



                                       11
<PAGE>   12

         Operating income before one-time charges for the three months ended
March 31, 1999 increased 127 percent to $14.7 million, up from $6.5 million in
the same period of 1998. The operating margin for the current quarter was 10.3
percent, up from 10.0 percent for the first quarter of 1998. The expansion in
operating margin reflected the favorable business mix shift and the higher gross
margin, partially offset by investments in infrastructure to support the growth
of the Company.

         OPERATING COSTS AND EXPENSES. Selling, general and administrative
("SG&A") expenses for the three months ended March 31, 1999 totaled $35.2
million, compared with $17.6 million for the three months ended March 31, 1998.
The increase in SG&A expenses primarily related to (i) the effects of the
acquisitions, (ii) internal growth of the operating companies post-acquisition,
(iii) investments made to improve infrastructure and to develop technical
practices and (iv) higher expenses at the corporate level to support growth.

         Depreciation totaled $3.1 million and $1.4 million for the three months
ended March 31, 1999 and 1998, respectively. The increase primarily related to
the fixed assets of the businesses acquired and, to a lesser extent, capital
expenditures. Amortization of $2.9 million and $1.9 million for the first three
months of 1999 and 1998, respectively, related to amortization of intangible
assets of the acquired businesses.

         NON-OPERATING COSTS AND EXPENSES. Interest expense totaled $3.1 million
and $1.4 million for the three months ended March 31, 1999 and 1998,
respectively. Interest expense was allocated in 1998 between continuing
operations and discontinued operations based on net assets of the respective
business units. Interest expense from continuing operations for the three months
ended March 31, 1998 totaled $3.9 million.

         PROVISION FOR INCOME TAXES. The provision for income taxes for the
current quarter was $3.6 million, compared with $2.1 million for 1998. The
Company's effective tax rate includes the effects of state income taxes and the
portion of goodwill amortization not deductible for federal income tax purposes.

LIQUIDITY AND CAPITAL RESOURCES

         The Company's capital requirements have principally related to the
acquisition of businesses, working capital needs and capital expenditures. These
requirements have been met through a combination of bank debt, issuances of
securities and internally generated funds.

         During the three months ended March 31, 1999, the Company made cash
payments for acquisitions of $197.6 million. These payments were comprised of
(i) $133.4 million paid to sellers of businesses acquired in 1999 and (ii) $64.2
million of post-closing purchase consideration ("Earnouts") paid to sellers
based on the post-acquisition increase in earnings before interest and taxes
("EBIT"), as defined. At March 31, 1999, the Company accrued $25.4 million for
Earnouts that will be paid by the end of June 1999. The remaining Earnouts are
capped at $184.5 million and are generally tied to operating performance for the
full year 1999. Based on current growth rates and operating trends, the Company
estimates the remaining Earnouts will be approximately $112.4 million. The
majority of these Earnouts are expected to be paid in the first half of 2000.
The Company expects to fund the payment of the Earnouts out of borrowings under
its Senior Credit Agreement.

         Capital expenditures totaled $11.0 million and $7.8 million for the
three months ended March 31, 1999 and 1998, respectively. The majority of these
expenditures related to (i) the development of an integrated front and back
office information system for the staffing services business, which was included
with the sale of that business, (ii) development of an integrated enterprise
wide information system, (iii) computer equipment and software for technical
consultants and (iv) furniture, fixtures and equipment related to business
expansion.

         The Company estimates that capital expenditures for 1999 will be
approximately $50.0 million, approximately one-half of which relates to the
development and implementation of a back office system for all business units
and the enhancement or replacement of the existing front office systems. The new
back office system is expected to be operational in mid-1999 and most of the
business units will be transitioned to the new system by the end of 1999. The
remaining planned capital expenditures for 1999 are normal recurring items
necessary to support business expansion and the anticipated growth in the number
of technical consultants. The Company expects to fund these capital expenditures
primarily out of cash flows from operations and with borrowings under its Senior
Credit Agreement.



                                       12
<PAGE>   13

         The Company had working capital of $80.7 million and $7.8 million at
March 31, 1999 and 1998, respectively. The Company had cash and cash equivalents
of $31.2 million and $21.6 million at March 31, 1999 and 1998, respectively. The
Company's operating cash flows and working capital requirements are
significantly affected by the timing of payroll and the receipt of payment from
the customer. Generally, the Company pays its consultants semi-monthly and
receives payments from customers on average within 30 to 80 days from the date
of invoice. Cash flows used in operating activities were $23.3 million and $3.4
million for the three months ended March 31, 1999 and 1998, respectively.

         Under terms of the Company's Senior Credit Agreement, the Company may
borrow under its revolving credit facility the lesser of $400 million or 3.5
times Pro Forma Adjusted EBITDA (earnings before interest, income taxes,
depreciation and amortization of all acquired businesses for the preceding
twelve-month period). Borrowings under the facility bear interest, at the
Company's option, at LIBOR or the bank's base rate, plus the applicable margin.
A fee of 0.175 percent to 0.375 percent is payable on the unused portion of the
commitment. The Senior Credit Agreement contains certain covenants which, among
other things, limit total debt to 5.25 times Pro Forma Adjusted EBITDA, limit
the payment of dividends and require the maintenance of certain financial
ratios.

         As of March 31, 1999, the Company had outstanding borrowings under the
Senior Credit Agreement of $283.0 million and remaining availability (after
deducting outstanding letters of credit of $1.8 million) of $115.2 million. The
weighted average interest rate of the Company's outstanding borrowings under the
Senior Credit Agreement was 5.91 percent at March 31, 1999.

         In March 1999, the Company reinstated its stock repurchase program and
since that time has repurchased approximately 0.4 million shares of common stock
at an average price per share of $14.46. Under terms of the program, the Company
can expend an additional $26.0 million to repurchase shares.

         To meet its longer-term capital requirements, the Company is involved
in discussions with its lead commercial banks to expand its senior borrowing
capacity. Based on the growth that has occurred in the Company's Pro Forma
EBITDA since the commitment levels were last set, the Company believes that it
will be able to sufficiently increase its senior borrowing capacity to meet its
longer-term capital requirements. The Company expects the expanded credit
facility to be in place by the end of the second quarter of 1999.

         The Company's capital requirements, which include funding for its
acquisition program, are dependent upon the number, quality and pricing of the
acquisition opportunities and its capital availability. Although the Company
believes it will be able to maintain a moderately sized acquisition program, a
significantly larger program would require capital over and above the expected
increase in the Company's senior borrowing capacity, as noted above. Although
management believes that the Company will be able to obtain sufficient capital
to fund acquisitions, there can be no assurance that such capital will be
available to the Company at the time it is required or on terms acceptable to
the Company.



                                       13
<PAGE>   14

YEAR 2000 COMPLIANCE

         The Year 2000 issue is the result of computer programs being written
using two digits rather than four digits to define the applicable year. Any of
the Company's computer programs or hardware that have date-sensitive software or
embedded chips may recognize a date using "00" as the year 1900 rather than the
year 2000. This could result in a system failure or miscalculations causing
disruptions of operations, including, among other things, a temporary inability
to process transactions, send invoices, or engage in similar normal business
activities.

         Based on recent assessments, the Company determined that it will be
required to modify, replace or delete portions of its software and hardware so
that those systems will properly utilize dates beyond December 31, 1999. The
Company currently believes that, with modifications of existing software and
hardware, the Year 2000 issue can be mitigated. However, if such modifications
and replacements are not made, or are not completed timely, the Year 2000 issue
could have a material adverse impact on the operations of the Company.

         The Company's plan to resolve the Year 2000 issue involves the
following four phases: assessment, remediation, testing and implementation. To
date, the Company has completed its assessment of all critical systems that
could be significantly affected by the Year 2000. Based on this assessment, the
Company has selected Year 2000 compliant software and hardware to replace
certain systems that are not Year 2000 compliant.

         For its information technology exposures, to date the Company is 100
percent complete on the remediation phase and expects to complete reprogramming
and replacement no later than mid-1999. Once the applicable software and
hardware is reprogrammed or replaced, the Company begins testing and
implementation. These phases run concurrently for different systems. To date,
the Company has completed 75 percent of its testing and has implemented 50
percent of its remedied systems. Completion of the testing phase for all
significant systems is expected by mid-1999, with all remedied systems fully
tested and implemented with 100 percent completion targeted for September 30,
1999.

         The Company has completed its initial assessment of key vendors,
customers and other parties to assess the impact, if any, on the Company's
business operations. The Company has not encountered any material Year 2000
compliance issues. However, the Company will continue to assess new
relationships formed with key vendors, customers and other parties. The Company
has not incurred and does not expect to incur significant costs related to Year
2000 issues other than the time of internal personnel to complete the Company's
Year 2000 plans.

         Management believes that it has an effective program in place to
resolve the Year 2000 issue in a timely manner. As noted above, the Company has
not yet completed all phases of the Year 2000 program. In the event that the
Company does not complete any additional phases, the Company would be unable to
service and invoice customers or collect payments in a timely manner. In
addition, disruptions in the economy generally resulting from Year 2000 issues
could also materially adversely affect the Company. The Company could be subject
to litigation for computer systems product failure. The amount of potential
liability and lost revenue cannot be reasonably estimated at this time.

         The Company has contingency plans for certain critical applications and
is working on such plans for others. These contingency plans involve, among
other actions, manual workarounds and adjusting staffing strategies. Manual
workarounds would consist of preparing billings and cash disbursements from hard
copy source documents, which are currently maintained by the Company.

SEASONALITY

         The Company's quarterly operating results are affected by the number of
billing days, consultants' vacations and paid time off and the seasonality of
its customers' businesses. Demand for services in the IT services business is
typically lower during the first quarter until customers' operating budgets are
finalized and the



                                       14
<PAGE>   15

productivity of the Company's salaried technical consultants is lower in the
third and fourth quarters due to fewer billing days because of the higher number
of holidays and vacation days.

INFLATION

         The effects of inflation on the Company's operations were not
significant during the periods presented in the financial statements.

STATEMENT REGARDING FORWARD-LOOKING INFORMATION

         This Form 10-Q contains forward-looking statements and information that
are based on management's beliefs, as well as assumptions made by, and
information currently available to, management. All statements and information
relating to the Company, other than statements of historical fact, are
forward-looking statements. When used in this document, the words "believe,"
"anticipate," "will," "should," "would," "estimate," "project," "expect," and
similar expressions, and the negative thereof, are intended to identify
forward-looking statements. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, it can give no
assurance that such expectations will prove to have been correct. Such
statements are subject to certain risks, uncertainties and assumptions. Should
one or more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those
anticipated, estimated, projected or expected. Among the key factors that may
have a direct bearing on the Company's operating results are fluctuations in the
economy, the degree and nature of competition, demand for the Company's
services, and the Company's ability to acquire businesses that are accretive to
earnings, to integrate the operations of acquired businesses, to recruit and
place temporary professionals, to expand into new markets, to complete fixed
price agreements in accordance with their terms and to maintain profit margins
in the face of pricing pressures. In addition, important factors that could
cause results to differ materially are set forth under the caption "Risk
Factors" in the Company's Annual Report on Form 10-K for the year ended December
31, 1998.




                                       15
<PAGE>   16


ITEM 3.           QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         There have been no material changes in the applicable disclosures since
those set forth in the Company's Annual Report on Form 10-K for the year ended
December 31, 1998.



                                       16
<PAGE>   17

                           PART II - OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a)      EXHIBITS

                  27 Financial Data Schedule

         (b)      REPORTS ON FORM 8-K

                  A Form 8-K Current Report dated January 10, 1999 was filed
                  with the Securities and Exchange Commission reporting that the
                  Company had entered into an Agreement and Plan of
                  Reorganization with SPR Inc. The Company also reported that it
                  had rescinded its stock repurchase program.

                  A Form 8-K Current Report dated March 15, 1999 was filed with
                  the Securities and Exchange Commission reporting the
                  announcement of the termination of the Agreement and Plan of
                  Reorganization with SPR Inc. and the reinstatement of the
                  Company's stock repurchase program.



                                       17
<PAGE>   18

SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                      METAMOR WORLDWIDE, INC.
                                      (REGISTRANT)



Date: May 12, 1999                    By: /s/ EDWARD L. PIERCE
                                          --------------------
                                          Edward L. Pierce
                                          Senior Vice President, Chief Financial
                                          Officer and Assistant Secretary
                                          (Duly Authorized Officer and Principal
                                          Financial Officer)



                                       18
<PAGE>   19

                                  EXHIBIT INDEX


<TABLE>
<CAPTION>
         EXHIBIT
         NUMBER                EXHIBIT DESCRIPTION
         -------               -------------------
<S>                          <C>
            27               Financial Data Schedule
</TABLE>