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Analysts International Corp. (NASD: ANLY), a Minneapolis-based information technology services and staffing firm, announced first-quarter revenue fell 45.5% year-over-year to $45.1 million amid the recession.
Excluding product sales, which accounted for 8.2% of revenue, first-quarter revenue fell 44.3%.
First-quarter gross margin at Analysts International rose to 20.1% from 17.7% in the year-ago quarter. The firm said improvement came as it exited low margin lines of business and accounts.
Analysts International posted a first-quarter net loss of $2.2 million compared with a net loss of $1.0 million in the first quarter of 2008.
Analysts International Corp. (NASD: ANLY)
For the first quarter ended April 4, 2009, compared with the same period in 2008.
Revenue: $45.1 million, -45.5%
Net loss: $2.2 million vs. net loss of $1.0 million