TSR, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended November 30, 2015
January 12, 2016 at 05:00 pm
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TSR, Inc. announced unaudited earnings results for the second quarter and six months ended November 30, 2015. For the quarter, revenue was $15,185,000 compared to $14,534,000 a year ago. Income from operations was $264,000 compared to $275,000 a year ago. Pre-tax income was $271,000 compared to $278,000 a year ago. Net income attributable to company was $120,000 or $0.06 per share compared to $141,000 or $0.07 per share a year ago. Revenue increase of 4.5% for the second quarter revenue resulted primarily from the average daily rate charged for the consultants on billing with customers increasing approximately 8.2% in the current quarter compared with the prior year quarter. The decrease in net income was primarily attributable to the increase in costs of sales as a percentage of revenue outpacing the increase in revenue
For the six months, the company revenue of $30,420,000 compared to $28,220,000 a year ago. Income from operations was $556,000 compared to $348,000 a year ago. Pre-tax income was $556,000 compared to $359,000 a year ago. Net income attributable to company was $120,000 or $0.13 per share compared to $141,000 or $0.08 per share a year ago.
TSR, Inc. is a staffing company, which is focused on recruiting Information Technology (IT) professionals for short- and long-term assignments, permanent placements, project work and providing contract computer programming services to its customers. The Company provides its customers with technical computer personnel to supplement their in-house IT capabilities. Its contract computer programming services involve the provision of technical staff to customers to meet the specialized requirements of their IT operations. The Company has staffing capabilities in the areas of application development in .net and java, mobile applications for Android and IOS platforms, project management, IT security specialists, cloud development and architecture, business analysts, UI design and development, network infrastructure and support and database development and administration. The Company also provides contract administrative (non-IT) workers to support IT customers.