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View All NewsRCM Technologies Q3 revenue up 10%, gross margin rises
November 02, 2017
Third-quarter revenue rose 10.4% at RCM Technologies Inc. (NASD GM: RCMT), a Pennsauken, NJ-based staffing provider. Gross margin improved.
| (US$ thousands) | Q3 2017 | Q3 2016 | % growth |
| Revenue | $43,827 | $39,695 | 10.4% |
| Gross profit | $11,718 | $10,144 | 15.5% |
| Gross profit margin | 26.7% | 25.6% | |
| Net income | $1,020 | $110 | nm |
Quote
“Our engineering group achieved its second-highest quarterly gross profit in history and best amount in the past three years,” said President and CEO Rocco Campanelli. “Our healthcare division, which experiences significant seasonality in the third quarter due to summer school closings, set new third-quarter records for both revenues and gross profit, growing both over 2016 by approximately 19% and 13%, respectively.”
Share price and market cap
Shares in RCM rose 7.01% to $6.41 in afternoon trading today; RCM has a market cap of approximately $76.98 million, according to Yahoo at 1:53 p.m. EDT.