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Comforce revenue slips, gross margin improves

November 06 2008

Third-quarter revenue edged down 0.8% at Comforce Corp. (AMEX: CFS) to $149.4 million from $150.7 million in the same period last year.

Gross margin at the Woodbury NY-based staffing firm, however, improved to 15.8% from 15.4%.

Comforce said third-quarter revenue in its human capital management segment, which includes its PRO Unlimited managed services provider business, rose 4.0%.

Third-quarter net income fell 24.7% to $1.3 million from $1.8 million in the third quarter of 2007.

Comforce Corp. (AMEX: CFS)
For the third quarter ended Sept. 28, 2008, compared with the same period in 2007.
Revenue: $149.4 million, -0.8%
Net income: $1.3 million, -24.7%

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