TSR, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended November 30, 2014
January 10, 2015 at 03:30 am IST
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TSR, Inc. announced unaudited earnings results for the second quarter and six months ended November 30, 2014. For the quarter, revenue increased 19.5% from $12.2 million the same quarter last year to $14.5 million. Net income attributable to TSR increased from $32,000 in the prior year quarter to $141,000 in the current quarter. Additionally, net income per share increased from $0.02 in the prior year quarter to $0.07 in the current quarter. The increase in revenue resulted primarily from the average number of consultants on billing with customers increasing from 306 in the quarter ended November 30, 2013 to 354 in the quarter ended November 30, 2014. Income from operations was $275,000 against $85,000 reported last year. Pre-tax income was $278,000 against $88,000 reported last year.
For the six months, the company reported net income attributable to company of $166,000 or $0.08 per common share compared to net income attributable to company of $43,000 or $0.02 per common share reported in the same period last year. Net revenue was $28,220,000 against $24,253,000 reported last year. Income from operations was $348,000 against $144,000 reported last year. Pre-tax income was $359,000 against $147,000 reported last year.
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.