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SFN Group Revenue Rises 8%

27 April 2011

First-quarter revenue at SFN Group Inc. (NYSE: SFN) rose 8.1 percent on a year-over-year basis to $500.4 million. The Fort Lauderdale, Fla.-based staffing company reported revenue rose in all its professional staffing segments, including:

• Finance/accounting up 28.1 percent year-over-year to $44.9 million
• Information technology up 5.6 percent to $124.6 million
• Administration up 6.4 percent to $14.9 million
• Other professional up 3.6 percent to $54.5 million.

SFN’s clerical staffing revenue rose 5.5 percent to $146.6 million, and light industrial staffing revenue rose 9.9 percent to $115.0 million.

Gross margin for the first quarter was 19.7 percent, up from 18.2 percent in the year-ago quarter.

Net income was $2.7 million in the first quarter, compared with a net loss of $3.2 million in the year-ago quarter.

SFN Group Inc. (NYSE: SFN)
For the first quarter ended March 27, 2011, compared with the same period in the previous year.
Revenue: $500.4 million, +8.1 percent
Net income: $2.7 million vs. net loss of $3.2 million


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