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TSR fiscal year revenue falls 14%

August 20, 2010

TSR Inc. (NASD: TSRI), a Hauppauge NY-based information technology staffing firm, reported revenue of $37.0 million in its fiscal year ended May 31, 2010, a decrease of 13.7% compared with the previous fiscal year.

Gross margin narrowed to 17.7% from 18.0%.

Full-year net income at TSR was $199,000, down 70.3% from $669,000 in the previous year.

TSR Inc. (NASD: TSRI)
For the fiscal year ending May 31, 2010, compared with the previous year.
Revenue: $37.0 million, -13.7%
Net income: $199,000, -70.3%