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TSR Revenue Rises 7%

August 07 2012

TSR Inc. (NASD: TSRI) reported revenue rose 7.3 percent to $11.6 million in its fiscal fourth quarter ended May 31, 2012, compared with the year-ago period. More consultants assigned to customers helped boost revenue at the Hauppauge, N.Y.-based information technology staffing provider. The average number of consultants on billing with customers rose to 266 in the quarter from 252 in the year-ago quarter.

Fourth-quarter gross margin was about 16.7 percent, down from about 17.9 percent in the year-ago quarter.

Net loss for the fourth quarter was $48,000 compared to net income of $92,000 in the year-ago period.

The company reported full-year revenue rose 14.9 percent to $45.2 million, compared with $39.3 million in 2011.

Full-year gross margin was 16.5 percent, down from 18.3percent the company posted in the prior fiscal year.

TSR incurred a full-year net loss of $62,000, compared with income of $197,000 in 2011.

TSR Inc. (NASD: TSRI)
For the fiscal fourth quarter ended May 31, 2012, compared with the same period in 2011
Revenue: $11.6 million, +7.3 percent
Net loss: $48,000 vs. net income of $92,000

For the fiscal full year ended May 31, 2012, compared with 2011.
Revenue: $45.2 million, +14.9 percent
Net loss: $62,000 vs. net income of $197,000

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