Professional staffing provider Resources Connection Inc. (NASD: RECN), which operates as Resources Global Professionals, reported organic revenue growth of 8.8%, or 7.3% in constant currency, in its fiscal fourth quarter ended 26 May 2018.

Fourth-quarter revenue included $22.0 million from operations of recent acquisitions of German professional services firm, taskforce  – Management on Demand (“taskforce”) and Chicago-based consulting, staffing and outsourcing firm Accretive Solutions Inc. The revenue increase was 23.7% when excluding revenue from these acquisitions.

The group said it has substantially completed the integration of both the taskforce and Accretive acquisitions. The principal operations of Accretive have been fully integrated into RGP’s business model effective with the first day of fiscal 2019.

“Both businesses are now driving significant new opportunities for revenue growth in their respective markets, as well as in RGP’s core business and with the company’s existing clients,” the company stated.

European revenue increased organically by 22.1% (11.1% in constant currency) over the fourth quarter of fiscal 2017 and was the tenth successive quarter of growth.

Asia Pacific revenue increased 12.8% (8.4% in constant currency) over the fourth quarter of fiscal 2017.

US revenue increased organically by 5.2% over the fourth quarter of fiscal 2017.

The group said it has largely completed the implementation in North America of the strategic initiatives it laid out in fiscal 2017, and is now focused on implementation in Europe and Asia Pacific.

“We are pleased with the substantial revenue growth we saw across all regions in the fourth quarter,” Kate W. Duchene, President and Chief Executive Officer of RGP, said. “The first quarter to date is also trending strongly compared to the first quarter of fiscal 2018 as we believe our strategic initiatives are having a positive impact on our business. In addition, our recent acquisitions have opened up significant new opportunities that we would not have won as standalone companies. As we head into the new fiscal year, we are focused on building on our strong momentum by continuing to drive organic growth across the business.”

In trading yesterday Resources Connection shares closed at $17.15, up 0.29% on the day and 4.46% below its 52-week high of $17.95, set on 18 June 2018. Based on its current share price the company has a market value of $538.91 million.