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Analysts International Corp. (NASD: ANLY) said today turmoil in the financial markets and the economic uncertainty means it will need more time to become profitable. The company now estimates it will be profitable sometime in 2009. It had previously estimated a return to profitability by the second half of 2008.
"We share the economic concerns of our clients in light of the volatile financial climate," said Elmer Baldwin, president and CEO. "The recent slowdown in economic activity is likely to exert restraint on spending and, in these challenging circumstances, it is prudent to adjust our projections for [Analysts International]."