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Resources Connection Inc. (NASD: RECN) reported revenue rose 8.8 percent in its fiscal fourth quarter ended May 28 to $145.7 million, compared with $133.9 million in the year-ago quarter. The Irvine, Calif.-based company provides finance and accounting, information technology and legal personnel through its Resources Global Professionals subsidiary.
Fourth-quarter U.S. revenue edged up just 0.6 percent, while international revenue rose 36.6 percent, the company reported.
Gross margin fell to 38.1% in the fourth quarter from 41.4 percent a year ago. Net income rose 133.4 percent to $5.4 million from $2.3 million in the year-ago quarter.
Full-year revenue rose 9.3 percent to $545.5 million, compared with $499.0 million in the previous fiscal year. Gross margin slipped to 38.6 percent from 39.1 percent.
Net income for the year was $24.9 million in 2011, compared with a net loss of $11.7 million in the previous year.
Resources Connection Inc. (NASD: RECN)
Results for the fiscal fourth quarter ended May 28, 2011, compared with the quarter ended May 29, 2010
Revenue: $145.7 million, +8.8 percent
Net income: $5.4 million, +133.4 percent
Results for the fiscal year ended May 28, 2011, compared with the year ended May 29, 2010
Revenue: $545.5 million, +9.3 percent
Net income: $24.9 million vs. net loss of $11.7 million