Alamouti space-time code (STC) is a part of the UMTS-WCDMA standard. However, up to the best of our knowledge no exact closed-form outage and bit error probability (BEP) formulas for this famous code exists. Evaluating its performance through simulations is time-consuming and therefore, there should be analytical performance graphs to serve as a reference which are derived in this paper for coherently MPSK-modulated data. Additionally, analytical results take into account different channel fading levels from transmit antennas to receive ones.