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Premier acquires IT consulting and staffing firm

May 3, 2010

Premier Alliance Group Inc. (OTCBB: PIMO.OB) announced it acquired Intronic Solutions Group LLC, a privately held information technology consulting and staffing firm based in Overland Park KS.

The deal closed April 30.

Premier reported in March that Intronic had revenue of $4 million in its most recent...

Administaff earnings slip 0.9%

May 3, 2010

Administaff Inc. (NYSE: ASF), the largest PEO by revenue, reported first-quarter revenue edged down 0.9% to $457.7 million from $462.0 million in the first quarter of last year.

The Kingwood TX-based professional employer organization said the average number of worksite employees paid per month during...

Canadian staffing index up 11% in March

April 30, 2010

The Canadian staffing index rose 11% in March from February, the Association of Canadian Search, Employment and Staffing Services reported Thursday. The March index reading is up 15.5% over its February 2009 reading.

"Although some of the increase over February numbers reflects a seasonal correction,...

Real GDP grows at 3.2% in first quarter

April 30, 2010

U.S. real gross domestic product increased at an annual rate of 3.2% in the first quarter of 2010, down from growth of 5.6% in the fourth quarter, according to an advance estimate released today by the U.S. Department of Commerce.

First-quarter growth slowed from the fourth, but remained much improved...

On Assignment revenue falls 18%

April 30, 2010

First-quarter revenue at On Assignment Inc. (NASD: ASGN) fell 17.5% to $96.3 million from revenue of $116.8 million in the first quarter of 2009.

The Calabasas CA-based professional staffing firm's reported year-over-year revenue declines in all its segments. However, it announced sequential revenue...

Any interest in making an acquisition in 2010?

April 30, 2010

Let us know! We are currently putting together our annual "Staffing Acquirer's Shopping List: Who's Buying What." This is an easy way to let potential target acquisitions know you are in the market to acquire other firms. Last year, 148 staffing firms joined this free acquirers' registry. You can take...

Survey: 81% raising or maintaining IT temp numbers

April 30, 2010

Some 81% of chief information officers and IT decision-makers plan to increase or maintain their percentage of temporary workers in the second quarter, according to a survey released by TEKsystems.

The survey findings also indicate that 60% of information technology leaders expect to increase spending...

Hudson revenue rises 9%

April 29, 2010

Hudson Highland Group Inc.'s (NASD: HHGP) first-quarter revenue rose 9.1% to $180.1 million from $165.2 million in the first quarter of last year.

"The first quarter was characterized by improving economic conditions globally, stronger than expected demand for permanent recruitment, and better year-over-year...

Weekly jobless claims down by 11,000

April 29, 2010

The number of U.S. initial claims for unemployment insurance for the week ended April 24 fell by 11,000, or 2.4%, to 448,000 from the previous week's revised figure, the U.S. Department of Labor reported today.

Last week's number was revised up to 459,000 from 456,000.

The four-week moving average of...

CDI revenue down 8%

April 29, 2010

CDI Corp. (NYSE: CDI) reported first-quarter revenue fell 8.2% from the year-ago quarter to $209.9 million.

The Philadelphia-based company's engineering solutions segment posted a 14.7% decline in first-quarter revenue to $109.7 million.

In addition, first-quarter revenue at CDI's Management Recruiters...