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Source2 revenue rises 32% in Q3

November 16 2010

Source2, an Orlando FL-based firm that provides RPO, staffing and other services, reported third-quarter revenue rose 32% on a year-over-year basis to $3.5 million.

Third-quarter gross margin rose to 28.6% from 25.7% in the year-ago quarter. The company said its recruitment process outsourcing business was a big driver of gross margin growth.

Source2 reported third-quarter net income of $147,925 compared to $32,152 in the third quarter of last year.

For the third quarter ended Sept. 30, 2010, compared with the same period in 2009.
Revenue: $3.5 million, +32%
Net income: $147,925 vs. net income of $32,152


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