Revenue at Resources Connection Inc. (NASD: RECN) edged down 0.4% in its fiscal second quarter ended Nov. 28. However, revenue rose 1.7% in constant currency.

US revenue rose 0.2% year over year to $122.5 million. The flat growth was in part due to continued softness in the energy sector, CFO Nate Franke reported in a conference call with investors. Revenue in the energy vertical decreased approximately $3.2 million.

International revenue fell 3.4% to $28.3 million, but rose 7.5% in constant currency. Asia Pacific revenue rose 17.7% in constant currency, and European revenue rose 3.0% in constant currency.

Net income rose 8.2% to $8.7 million. Net income in the second quarter of fiscal 2016 includes a one cent per share charge for a European legal case and a one cent per share positive impact related to the reversal of approximately $290,000 of tax valuation allowances. Net income in the second quarter of fiscal 2015 included a one cent per share charge for severance and related charges related to the company’s European operations.

The Irvine Calif.-based company ranks as the fifth-largest US provider of finance/accounting staffing. Its operating subsidiary is Resources Global Professionals.

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“I was pleased to see the sequential monthly increase in December’s non-holiday weekly average revenue of $12.4 million from November’s $12 million level,” President and CEO Tony Cherbak said in a conference call with analysts, “As we enter calendar 2016, we're focused on increasing revenue growth. We continue to believe that assisting our clients with the new revenue recognition standard, which most companies have not begun to implement, regulatory compliance, and acquisition integration initiatives will be significant components to our growth.”

Share price and market cap

Shares in Resources Connection fell by 9.04% in early afternoon trading today to $14.49 and company had a market cap of $538.20 million, according to Yahoo!