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Barrett revenue up 18%

July 28, 2010

Barrett Business Services Inc. (NASD: BBSI), a Vancouver WA-based temporary staffing firm and PEO, reported second-quarter revenue rose to $67.4 million, up 17.8% from the year-ago quarter.

Second-quarter staffing division revenue rose 14.2% to $32.0 million. Professional employer organization fee revenue rose 21.2% to $35.5 million.

Barrett reported second-quarter net income of $2.3 million compared with a net loss of $6.7 million in the second quarter of last year.

Barrett Business Services Inc. (NASD: BBSI)
For the second quarter ended June 30, 2010, compared with the same period in 2009.
Revenue: $67.4 million, +17.8%
Net income: $2.3 million vs. net loss of $6.7 million