Daily News

View All News

PEO Revenue Rises at Barrett

July 25, 2012

Professional employer organization revenue jumped in the second quarter while staffing revenue edged down at Barrett Business Services Inc. (NASD: BBSI). Second-quarter PEO net revenue rose 43.1 percent year over year to $65.1 million at the Vancouver, Wash.-based firm. Staffing revenue edged down 0.4 percent in the second quarter to $30.4 million.

Barrett’s total second-quarter revenue rose 25.6 percent to $95.5 million from $76.0 million in the second quarter of last year.

The company’s second-quarter gross margin narrowed to 17.1 percent from 17.5 percent in the year-ago quarter.

Barrett reported second-quarter net income increased 8.5 percent to $3.7 million from $3.4 million in the year-ago quarter.