Professional staffing provider Resources Connection Inc. (NASD: RECN), which operates as Resources Global Professionals, reported revenue increased by 4.1% year-over-year to $179.5 million in its fiscal third quarter 2019 ended 23 February 2018.

European revenue decreased by 9.7% (3.5% in constant currency) over the third quarter of fiscal 2018 while Asia Pacific revenue increased by 4.0% (7.5% constant currency) over the same period.

US revenue increased by 6.0% over third quarter of fiscal 2018. Resources added that results of operations for the prior quarter ended 24 February 2018 include twelve weeks of activity of Accretive whichwas acquired 4 December 2017.

Gross margin growth during the quarter was due to improvement in the pay rate to bill rate ratio and lower costs in the company’s self-insured medical program.

“We continue to make good progress in improving our top and bottom line results,” Kate W. Duchene, CEO of Resources Connection said. “While Europe has faced macro headwinds, our business in North America and Asia Pacific delivered growth in the quarter and have performed well cumulatively through the first three quarters of the fiscal year. We are also pleased that we have made progress with our critical initiatives to improve bill rates and expand our mix of business to drive more profitable results through our solutions offerings.”

“Today, I am delighted to announce the appointment of Tim Brackney as RGP’s President and Chief Operating Officer, effective immediately,” Duchene said. “Having previously served as the President of North America, Tim moves into this role to drive and align our growth and Go-To-Market strategies across the globe. Tim is an accomplished operator with tremendous work ethic and business acumen. I am excited to embrace the opportunities ahead with Tim as a trusted and valued senior leader.”

Brackney first joined Resources in 2002 as a managing director.

In trading yesterday Resources Connection shares closed at $17.35, up 4.14% on the day and 11.03% below its 52-week high of $19.50, set on 4 October 2018. Based on its current share price the company has a market value of $550.42 million.