IT Staffing Report: Oct. 10, 2013

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TSR revenue rises 7%

TSR Inc. (NASD: TSRI), a Hauppauge, N.Y.-based information technology staffing provider, reported revenue rose 7.1 percent to $12.1 million in its fiscal first quarter ended Aug. 31, 2013, compared with the year-ago quarter.
“Our revenue increase of 7.1 percent for the first quarter continued improved growth resulting from the efforts of our new hires in sales and recruiting,” said CEO Joe Hughes.
The average number of consultants on billing with customers rose to 300 in the quarter from 254 in the year-ago quarter. However, this increase was somewhat muted by a reduction in billing rates which resulted from a shift in the business mix.
“A higher percentage of new placements have been with customers where there is stronger competition due to managed services programs,” said Hughes.
First-quarter net income was $10,918 compared with a net loss of $93,434 in the year-ago period.
TSR Inc. (NASD: TSRI)
For the fiscal first quarter ended Aug. 31, 2013, compared with the same period in 2012. 

Revenue: $12.1 million, +7.1 percent

Net Income: $10,918 vs. net loss of $93,434

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