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RCM Revenue Falls 15%

August 10 2011

RCM Technologies Inc. (NASD: RCMT) reported today second-quarter revenue fell 14.7 percent to $36.5 million from $42.8 million posted in the second quarter of last year.

Gross margin slipped in the quarter ended July 2 to 28.6 percent from 29.1 percent the prior year.

Net income fell 27.7 percent to $1.2 million in the second quarter from $1.7 million a year ago.

“Both our engineering and specialty healthcare segments are performing in line with the company’s expectations,” said Leon Kopyt, chairman and CEO. “We are of course disappointed with the revenues generated by our information technology segment. However, we are committed to improving our sales productivity and are intensifying our efforts and organizational discipline in upgrading sales personnel as well as pipeline volume and velocity.”

RCM Technologies Inc. (NASD: RCMT)
For second quarter ended July 2, 2011, compared with the same period in 2010.
Revenue: $36.5 million, -14.7 percent
Net income: $1.2 million, -27.7 percent

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