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US - Analyst International revenue falls 5%

August 13 2013

Analysts International Corp. (NASD: ANLY) reported second-quarter revenue fell 4.9 percent to $25.7 million from $27.1 million in the second quarter of last year.

The company attributed the revenue decline to a 4.8 percent decrease in the number of hours billed, which was partially offset by a 0.3 percent increase in average billing rates.

Gross margin at the Minneapolis-based information technology staffing and services firm narrowed to 22.6 percent in the second quarter from 23.1 percent in the same quarter last year.

Net income slipped 2.6 percent to $519,000 from $533,000 in the second quarter of last year. Last year’s second quarter included restructuring and severance-related costs of $113,000.

Analysts International Corp. (NASD: ANLY)
 For the second quarter ended June 29, 2013, compared to the same period in the previous year.
 Revenue: $25.7 million, -4.9 percent
 Net income: $519,000, -2.6 percent

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