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Analysts Revenue Flat, Turns Profit

August 05 2011

Analysts International Corp. (NASD: ANLY), an information technology staffing firm, reported second-quarter revenue was essentially flat on a year-over-year basis, while it turned a profit for the fourth consecutive quarter. Revenue in the quarter ended July 2 was $26.8 million, about the same as last year.

“We continue to see improvement in our core operating performance and we achieved profitability for the fourth consecutive quarter,” said Brittany McKinney, president and CEO. “Moving forward, we expect to see further improvement in our financial performance as we continue to execute on our strategy. AIC is headed in the right direction and well-positioned for long-term success.”

Gross margin improved in the second quarter to 23.1 percent from 21.0 percent the year prior.

Net income for the second quarter was $37,000, compared with a net loss of $842,000 in the year-ago period. Net income for the current quarter included restructuring charges of $700,000.

The company yesterday announced it found a replacement for its chief financial officer, Randy Strobel. It announced in May that he would be stepping down. The company has tapped William Wolff as his replacement, effective Aug. 8.

Analysts International (NASD: ANLY)
For the second quarter ended July 2, 2011, vs. second quarter ended July 3, 2010.
Revenue: $26.8 million, vs. $26.8 million
Net income: $37,000, vs. net loss of $842,000

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