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RCM Technologies Inc. (NASD: RCMT), a Pennsauken, N.J.-based staffing provider, reported second-quarter revenue rose 18.5 percent to $42.4 million from $35.8 million in the year-ago quarter.
The engineering segment posted record quarterly revenues and gross profit, Chairman and CEO Leon Kopyt said in a statement, and the information technology segment experienced its fourth consecutive quarter with sequential growth in both revenues and gross profit. However, revenue in the specialty healthcare segment declined compared to last year's second quarter.
Second-quarter gross margin narrowed to 26.6 percent from 27.0 percent in the year-ago quarter.
Net income rose 191.1 percent to $1.47 million from $505,000 in last year’s second quarter and reflects an increase of $500,000 resulting from the reduction of an unrecognized tax benefit.
RCM Technologies Inc. (NASD: RCMT)
For the second quarter ended June 29, 2013, compared with the same period in the previous year.
Revenue: $42.4 million, +18.5 percent
Net income: $1. million, +191.1 percent