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Source2 revenue up 44%

August 12 2010

Source2, an Orlando FL-based firm that provides RPO, staffing and other services, reported second-quarter revenue rose 44.4% on a year-over-year basis to $3.9 million.

Second-quarter gross margin rose to 27.6% from 23.8% in the same period last year. The company reported that the second quarter marked the first time it generated more than $1 million in gross profit.

Source2's second-quarter net income rose to $283,881 from $24,289 in the year-ago quarter.

For the second quarter ended June 30, 2010, compared with the same period in 2009.
Revenue: $3.9 million, +44.4%
Net income: $283,881 vs. net income of $24,289


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