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Barrett Q1 revenue up 14%

April 28, 2010

Barrett Business Services Inc. (NASD: BBSI), a Vancouver WA-based temporary staffing firm and professional employer organization, reported first-quarter revenue rose 14.1% to $58.3 million from $51.1 million in the year-ago quarter.

Staffing division revenue rose 12.6% to $27.1 million. PEO revenue rose 15.4% to $31.2 million.

Barrett reported a first-quarter net loss of $1.7 million compared with a net loss of $3.2 million in the first quarter of last year.

Barrett Business Services Inc. (NASD: BBSI)
For the first quarter ended March 31, 2010, compared with the same period in 2009.
Revenue: $58.3 million, +14.1%
Net loss: $1.7 million vs. net loss of $3.2 million