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TechTeam Global Inc.'s (NASD: TEAM) second-quarter revenue rose 29.2% to $67.9 million from $52.5 million from the same period in the previous year.
However, the Southfield MI-based information technology services and staffing company posted a second-quarter net loss of $1.8 million, compared to net income of $1.5 million in the second quarter of 2007. The company said the second quarter of this year included a $3.9 million charge for restructuring.
Gross margin slipped to 25.2% from 25.9%.
TechTeam Global Inc. (NASD: TEAM)
For the second quarter ended June 30, 2008, compared with the same period in 2007.
Revenue: $67.9 million, +29.2%
Net loss: $1.8 million vs. net income of $1.5 million