Daily NewsView All News
Revenue rose 1.4% at Resources Connection Inc. (NASD: RECN) to $133.9 million in its fiscal fourth quarter ended May 29, 2010 from the same quarter a year ago.
The Irvine CA-based company provides finance and accounting, information technology and legal personnel through its Resources Global Professionals subsidiary.
U.S. revenue rose 7.4% on a year-over-year basis, according to the company.
Fourth-quarter gross margin improved to 41.4% from 38.2% in the year-ago quarter.
Resources Connection posted net income of $2.3 million, up from a net loss of $6.3 million in the fourth quarter of the previous year.
For its full fiscal year, the company reported revenue fell 27.2% to $499.0 million from $685.6 million in the previous year.
Full-year gross margin improved to 39.1% from 38.4%.
Resources Connection posted a net loss of $11.7 million for the full year compared with net income of $17.8 million in the previous year.
Resources Connection Inc. (NASD: RECN)
For the fiscal fourth quarter ended May 29, 2010, compared with the same period in the previous fiscal year.
Revenue: $133.9 million, +1.4%
Net income: $2.3 million vs. net loss of $6.3 million
For the full year ended May 29, 2010, compared with the previous fiscal year.
Revenue: $499.0 million, -27.2%
Net loss: $11.7 million vs. net income of $17.8 million