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View All NewsSource2 revenue up 22%, hires RPO exec
May 06, 2014
Source2, a provider of staffing and recruitment process outsourcing, reported revenue rose 22.2 percent in the first quarter to $6.5 million, and first-quarter gross margin improved to 19.1 percent from 18.9 percent in the year-ago quarter.
Net income rose to $89,625 in the first quarter from $28,385 in the year-ago quarter.
The Winter Park, Fla.-based firm also hired Margot King, an RPO industry veteran, as vice president of talent acquisition solutions. King is based in the company’s Atlanta office.
Revenue
| Q1 2014 | Q1 2013 | % growth | |
| Revenue | $6,505,545 | $5,324,565 | 22.2% |
Gross margin
| Q1 2014 | Q1 2013 | |
| Gross margin | 19.1% | 18.9% |
Net income
| Q1 2014 | Q1 2013 | |
| Net income | $89,625 | $28,385 |