Second-quarter revenue at ASGN Inc. (NYSE: ASGN) fell 3.6% with the decline primarily in the company’s commercial business because of the Covid-19 pandemic. Gross margin narrowed while net income improved.

“Declines in our commercial business continued through the first half of the quarter, flattened in the second half and have remained stable through the first three weeks of the third quarter,” President and CEO Ted Hanson said. “Our government business remained strong throughout the second quarter.”

The Glen Allen, Virginia-based firm reported revenue fell 10.8% in its Apex and Oxford commercial business to $697.1 million. On the other hand, revenue rose in its ECS government division by 25.8%, which included the acquisition of Blackstone Federal in February.

ASGN forecast third-quarter revenue of between $913.0 million and $938.0 million, a year-over-year decrease of between 6.5% and 8.9%.

Share price and market cap

Shares in ASGN were up 2.62% to $70.53 as of 12:10 p.m. Eastern time but were down 2.93% from their 52-week high. The company had a market cap of $3.61 billion.