RCM Technologies Inc. (NASD GM: RCMT) — a provider of engineering, IT and healthcare staffing — reported revenue rose 12.3 percent in the third quarter to $46.4 million. The Pennsauken, N.J.-based firm’s gross margin improved to 28.4 percent in the third quarter from 25.9 percent in the year-ago quarter.

Net income rose 64.4 percent to $1.9 million; however, last year’s third quarter reflected an increase of $500,000 resulting from the reduction of an unrecognized tax benefit.

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“We grew operating income by 56.9 percent over the third quarter of 2013,” said President and CEO Rocco Campanelli, “We also achieved gross profit of $13.2 million, the highest quarterly gross profit in over six years, with all three business segments making significant contributions. Our IT gross margin of 31.0 percent was the highest in RCM’s history. Engineering’s gross margin of 26.6 percent improved by approximately 230 basis points over the third quarter of 2013. Healthcare revenues grew by 15.9 percent over the third quarter of 2013.”

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Share price and market cap

Shares in RCM rose 5.96 percent in early afternoon trading to $8.00; RCM has a market cap of $100.33 million, according to Yahoo!