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Resources Connection revenue rises 5%

October 01 2010

Revenue rose 4.6% at Resources Connection Inc. (NASD: RECN) to $123.7 million in its fiscal first quarter ended Aug. 28 from $118.3 million in the same period of the previous year.

First-quarter U.S. revenue was $95.5 million, up 8.5% on a year-over-year basis.

Gross margin improved to 39.8% from 38.2% from the year-ago quarter.

Resources Connection posted first-quarter net income of $1.2 million compared with a net loss of $7.2 million in the first quarter of the previous year. The company said the year-ago quarter included $7.0 million in expenses related to the resignation of two senior executives.

Irvine CA-based  Resources Connection provides finance and accounting, information technology and legal personnel through its Resources Global Professionals subsidiary.

Resources Connection Inc. (NASD: RECN)
For the fiscal first quarter ended Aug. 28, 2010, compared with the same period in the previous fiscal year.
Revenue: $123.7 million, +4.6%
Net income: $1.2 million vs. net loss of $7.2 million


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