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Harvey Nash's U.S. revenue rises 5%

September 30 2010

U.S. revenue at Harvey Nash Group PLC rose 5% to GBP16.6 million (US$26.0 million) in the first half of 2010 compared with the first half of last year.

Gross margin at the London-based information technology staffing and services firm's U.S. operations narrowed to 25.9% from 30.5%.

Harvey Nash's worldwide revenue for the first half of 2010 was GBP198.6 million (US$310.6 million), down 0.7% from GBP199.9 million from the first half of last year.

First-half gross margin for the company's worldwide operations rose to 16.1% from 15.9%.

Harvey Nash posted a profit of GBP1.8 million (US$2.8 million), up 41.2% from the same period last year.

The company also announced new board member Ian Davies.

Harvey Nash Group PLC
For the first half of 2010 ended July 31, 2010, compared with the first half of the previous year.
Revenue: GBP198.6 million (US$310.6 million), -0.7%
Profit: GBP1.8 million (US$2.8 million), +41.2%

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