Information technology staffing firm TSR Inc. (NASD: TSRI) reported revenue rose in its fiscal third quarter ended Feb. 28, and its net loss decreased. The Hauppauge, N.Y.-based firm reported revenue rose 15.3 percent in the third quarter to $12.1 million. Net loss attributable to TSR fell to $90,625 from $254,887 in the year-ago quarter.

Gross margin improved to 15.9 percent from 15.6 percent in the third quarter of the previous year.

“Our revenue increase of 15.3 percent for the third quarter continued improved growth resulting from the efforts of our new hires in sales and recruiting,” said CEO Joe Hughes.

“The increase in revenue resulted primarily from the average number of consultants on billing with customers increasing from 275 in the quarter ended February 28, 2013 to 308 in the quarter ended February 28, 2014,” Hughes said. “We also anticipate a continued increase of selling, general and administrative expenses. These increased expenses are associated with hiring of additional recruiters and the increase in expenses associated with the hiring of new sales professionals. Although we are experiencing an increase in revenue and a decrease in the net loss attributable to TSR Inc. under the Company’s plan for internal growth, we anticipate that our results will continue to be affected, with only gradual improvement until such time as the additional recruiters and sales executives begin to generate a sufficient increase in revenue.”