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US – TSR Revenue Falls, Posts Loss

October 10 2012

TSR Inc. (NASD: TSRI) revenue fell 0.7 percent to $11.3 million in its fiscal first quarter ended Aug. 31, compared to the same quarter last year. The Hauppauge, N.Y.-based information technology staffing firm reported a first-quarter loss of $93,000 compared to net income of $47,000 in the first quarter of the previous year.

“Expenses continue to increase as part of our plan for internal growth," said CEO Joe Hughes. "These include the costs relating to an increase in the number of recruiting and sales personnel and costs associated with our recruiting training program. Losses will be incurred until such time as these recruiting trainees and new sales hires contribute to a sufficient increase in revenue."

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