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Volt staffing revenue slips 1.5%

March 29 2013

Volt Information Sciences Inc. (OTCBB: VISI) reported staffing revenue fell 1.5 percent to approximately $471 million in its fiscal first quarter ended Jan. 27 compared to the same period in the previous year, according to preliminary information released today by the company. The data is subject to change based on completion of the company’s review of accounting matters back through fiscal year 2008.

The decline in first-quarter in staffing revenue was primarily the result of fewer associate vendor employees on assignment and a decreased level of technology consulting and outsourcing services.

Volt announced in January that it settled a U.S Securities and Exchange Commission probe. For the story, click here.

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