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View All NewsRCM revenue slips 14%
RCM Technologies Inc. (NASD: RCMT) reported second-quarter revenue fell 14.2% year over year to $47.2 million. The Pennsauken NJ-based staffing firm provides engineering, information technology and commercial staffing.
Second-quarter gross margin narrowed to 24.5% from 27.5% in the year-ago quarter.
RCM's net income was $246,000, down 82.9% from $1.4 million in the second quarter of 2008.
The current economic environment remains challenging, RCM Chairman and CEO Leon Kopyt said in a statement. However, he said the company expects improvement in operating income in the third and fourth quarters.
RCM Technologies Inc. (NASD: RCMT)
For the second quarter ended June 27, 2009, compared with the same period in 2008.
Revenue: $47.2 million, -14.2%
Net income: $246,000, -82.9%