CDI Corp. (NYSE: CDI) reported today that second-quarter revenue fell 25.5% year over year to $215.4 million. On a constant currency basis, revenue fell 20.9%.

Second-quarter gross margin at the Philadelphia-based staffing firm narrowed to 20.6% from 23.4% in the year-ago quarter.

Net income in the second quarter was $59,000, down 99.2% from the $7.0 million in the second quarter of 2008.

"While we anticipate continued weakness in permanent placement hiring demand, we anticipate improvement in segments of our business throughout the third quarter," President and CEO Roger Ballou said in a statement. "Due to these factors, we expect that overall third quarter 2009 revenue could be 18% to 25% below the year-ago quarter -- or 15-21% on a constant currency basis assuming recent foreign exchange rates."

CDI Corp. (NYSE: CDI)
For the second quarter ended June 30, 2009, compared with the same period in 2008.
Revenue: $215.4 million, -25.5%
Net income: $59,000, -99.2%