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Staffing revenue was flat year-over-year at National Technical Systems Inc. (NASD: NTSC) for the company's fiscal first quarter ended April 30. The firm reported that revenue of $8.4 million in its technical solutions division, which provides staffing, was unchanged from the same period in the previous year. The company said it cut headcount in the division and made other changes to improve financial performance.
Calabasas CA-based National Technical Systems provides product testing, staffing and other services.
Total first-quarter revenue, which includes nonstaffing sales, rose 6.5% to $31.7 million from $29.8 million in the same period in the previous year. Net income increased 23.2% to $728,000 from $591,000.
National Technical Systems Inc. (NASD: NTSC)
For the fiscal first quarter ended April 30, 2008, compared with the same period in the previous year.
Revenue: $31.7 million, +6.5%
Net income: $728,000, +23.2%