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TechTeam Global, Inc. (NASD: TEAM), a provider of information technology staffing, enterprise support and business process outsourcing services, reported revenue of $64.2 million for the quarter ended Sept. 30, up 8.5% from the same period in 2007.
Net income for the quarter was $1.9 million, down 9.5% from the net income of $2.1 million generated in the same quarter last year. The company's gross margin of 25.2% in the third quarter of 2008 declined from 26.4% over the same period last year.
Revenue from the company's commercial business increased 10.9% over the third quarter of last year to $42.2 million and revenue from the company's government business increased 4.1% to $22.0 million. The company's core commercial IT outsourcing business grew 17.5% over the third quarter last year.
Total commercial revenues in the
TechTeam Global Inc. (NASD: TEAM)
For the third quarter ended Sept. 30, 2008,
compared with the same period in 2007.
Revenue: $64.2 million, 8.5%
Net income: $1.9 million, -9.5%