Professional staffing provider Resources Connection Inc. (NASD: RECN), which operates as Resources Global Professionals, reported revenue increased by 20.5% in its fiscal second quarter 2019 ended 24 November 2018.

The second-quarter results include revenue from US-based Accretive Solutions Inc., which was acquired by Resources Connection on 4 December 2017; the integration was completed in the first quarter of 2019. Revenue also includes the acquisition of German professional services firm called “taskforce - Management on Demand AG.”

European revenue increased by 0.9% (4.2% constant currency) over the second quarter of fiscal 2018. This was the twelfth successive quarter-over-quarter growth.

Asia Pacific revenue increased 4.4% (7.4% constant currency) over the second quarter of fiscal 2018.

US revenue increased by 24.7% over the second quarter of fiscal 2018. The company did not report growth excluding the Accretive Solutions acquisition.

“We are extremely pleased by the momentum in our business now,” Kate Duchene, president and chief executive officer, said. “I attribute the improving results to three important changes in our Go To Market efforts -- the client service and technical sales teams spend more time in front of clients, we have improved the alignment of our incentive systems to sales growth and velocity in our sales efforts has been delivered by a focused business development team.”

Resources Connection also announced the planned retirement of its Chief Accounting Officer, John Bower, during the fourth quarter of fiscal 2019. Bower has been with the company in various financial roles since 1998. The company has commenced a search for a Senior Vice President of Finance.

In trading yesterday, Resources Connection shares closed at USD 13.60, down 2.37% on the day and 6.92% above its 52-week low of USD 12.72, set on 24 December 2018. Based on its current share price the company has a market value of USD 439.40 million.