Corporate Resource Services Inc. (NASD: CRRS) reported revenue rose 25 percent year over year to $260.3 million in its third quarter ended Oct. 3. The company attributed the increase primarily to acquisitions made late in 2013 and in the first quarter of 2014 that added $32.1 million in revenues. Excluding acquisitions, the company generated organic growth of $19.5 million for the quarter, or 38 percent of the quarter’s growth.

Acquisitions in the first half of this year include Staff Management Group and Alar Staffing, as well as background check company Nationwide Screening Services.

The New York-based firm provides staffing services as well as cloud-based enterprise applications and hosting services to other staffing firms and professional employer organizations.

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“We are pleased by these strong quarterly and nine-month results. Now that we are in the peak placement season, we have seen robust weekly demand from our retail clients, as well as increased demand for our higher margin professional services,” said CEO John Messina. “With guidance from our auditors, we have adopted some new financial processes which have helped us manage the company more effectively. This contributed to this quarter’s 100 basis-point improvement in selling, general and administrative costs.”

Messina concluded, “CRS continues to expand its global footprint. Our higher margin businesses have expanded significantly this year with growth in the mid-triple digits. We recently added several larger engagements in the accounting and finance sectors that we expect will generate double-digit margins. Finally, we remain confident that we can continue to expand via our organic growth strategy, and will remain focused on improving margins through better price management, unemployment tax management and business mix.”

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Share price and market cap

Shares in Corporate Resources rose 5 percent to $1.26 in early afternoon trading today; Corporate Resources has a market cap of approximately $199.10 million, according to Yahoo!