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View All NewsGeneral Employment revenue jumps with acquisitions
May 17, 2016
General Employment Enterprises Inc. (NYSE MKT: JOB) reported net revenue jumped 121.2% in its fiscal second quarter ended March 31. The Oakbrook Terrace, Ill.-based staffing firm benefitted from recent acquisitions, including Scribe Solutions, Agile Resources, Access Data Consulting and Paladin Consulting Inc.
| (US$ thousands) | Q2 2016 | Q2 2015 | % growth |
| Net revenue | $21,666 | $9,796 | 121.2% |
| Gross margin | 27.9% | 28.4% | |
| Net loss | $7 | -$45 | nm |
Revenue by segment
| (US$ thousands) | Q2 2016 | Q2 2015 | % growth |
| Contract staffing services | $19,607 | $8,314 | 135.8% |
| Direct hire placement services | $2,059 | $1,482 | 38.9% |
Quote
“We still see strong demand for our higher end specialty staffing services and solutions propelled by a tight labor market for highly skilled professionals and secular drivers fueling the increased use of a flexible on demand work force,” said Chairman and CEO Derek Dewan
Share price and market cap
General Employment shares fell 0.24% to $4.24 today in early afternoon trading; the company has a market cap of $39.25 million, according to Yahoo!