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RCM Technologies Inc. (NASD: RCMT), a Pennsauken, N.J.-based staffing provider, reported first-quarter revenue rose 7.9 percent to $41.2 million from $38.2 million in the year-ago quarter.
The engineering segment posted record quarterly revenues and its highest quarterly gross profit since the first quarter of fiscal 2010, Chairman and CEO Leon Kopyt said in a statement, and the information technology segment recorded its third straight consecutive quarter with sequential growth in both revenues and gross profit. However, revenue fell significantly in the specialty healthcare segment when compared to last year’s first quarter.
First-quarter gross margin narrowed to 25.8 percent from 26.9 percent in the year-ago quarter.
Net income fell 9.3 percent to $960,000 from $1.06 million in last year’s first quarter.
RCM Technologies Inc. (NASD: RCMT)
For the first quarter ended March 30, 2013, compared with the same period in the previous year.
Revenue: $41.2 million, +7.9 percent
Net income: $960,000, -9.3 percent