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Resources Connection Revenue Rises 10%

April 01 2011

Resources Connection Inc. (NASD: RECN) reported revenue rose 9.8 percent on a year-over-year basis to $137.6 million in its fiscal third quarter ended Feb. 26, 2011. Its third-quarter U.S. revenue rose 5.3 percent.

Irvine, Calif.-based Resources Connection provides finance and accounting, information technology and legal personnel through its Resources Global Professionals subsidiary. It also supplies human capital, supply chain management and strategic communication services.

The company's third-quarter gross margin narrowed to 37.0 percent from 38.6 percent in the year-ago quarter.

Resources Connection recorded net income of $753,000 in the third quarter compared to a net loss of almost $5.0 million in the third quarter of the previous year.

Resources Connection Inc. (NASD: RECN)
For the fiscal third quarter ended Feb. 26, 2011, compared with the same period in the previous fiscal year.
Revenue: $137.6 million, +9.8 percent
Net income: $753,000 vs. net loss of $5.0 million

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