Resources Connection Inc. (NASD: RECN) reported revenue fell 2.2% year over year, or 1.8% in constant currency, to $147.6 million in its fiscal second quarter ended Nov. 26.

Second-quarter US revenue fell 4% to $117.6 million, while international revenue rose 5.5% year over year, or 7.6% in constant currency, to $29.9 million. Revenue increased 4% in Europe and 9.2% in the Asia-Pacific region.

Gross margin slipped from the year-ago quarter, attributable to reduced bill pay spreads. Net income also fell.

Irvine, Calif.-based Resources Connection ranks as the sixth-largest US provider of finance/accounting staffing. Its operating subsidiary is Resources Global Professionals.

Former President and CEO Tony Cherbak retired in November due to health considerations, and the company in December promoted Interim CEO Kate Duchene to the president and CEO role permanently.

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“Since I assumed the CEO role, I have been working with the senior leadership team to define a change agenda and growth strategies to deliver on the opportunities ahead for RGP,” Duchene said. “While the improvements in revenue results in Europe and Asia Pacific are a good start, we are actively working on several initiatives to improve results in all of our geographies. For example, we have launched a project to improve our sales process and sales strategy across the globe. We believe an aligned sales process, aided by a global technology platform, will enable us to deliver improved worldwide client service and revenue results over the long term.”

Share price and market cap

Shares in Resources Connection fell 11.70% in early afternoon trading today to $17.35 and the company had a market cap of $626.37 million, according to Yahoo.