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Second-quarter revenue fell 8.1% to $82.0 million at Analysts International Corp. (NASD: ANLY). The Minneapolis-based information technology staffing and services company said the decrease came amid lower headcount in its staffing business and a decline in product sales as it moves to providing higher-value services.
"Our primary focus for the first half of 2008 has been on aligning our cost structure with the business, making the investments required to increase our mix of higher-margin services and exiting our lowest-margin and non-core lines of business," said President and CEO Elmer Baldwin. "We expect these changes to result in improved performance and remain on track to achieve sustained profitability in the second half of 2008."
Gross margin was unchanged year-over-year at 15.8%.
Second-quarter net loss widened to $984,000 from $723,000 in the second quarter of last year. The company said net loss includes a $900,000 charge for restructuring, severance and other consulting costs.
Analysts International Corp (NASD: ANLY)
For the second quarter ended June 28, 2008, compared with the same period in 2007.
Revenue: $82.0 million, -8.1%
Net loss: $984,000 vs. net loss of $723,000