Volt Information Sciences News Release (01/27/12)
Volt Information Sciences Inc. has provided a business update and reported selected unaudited financial information for its fiscal 2011 fourth quarter ended Oct. 30, 2011. The company notes that, due to a previously announced accounting review, all numbers presented in this release are estimates.
Steven Shaw, Volt’s president and chief executive officer, states, “The staffing services segment, which accounts for a majority of the company’s total revenue, had approximately $473 million of revenue in the fiscal fourth quarter 2011 compared to approximately $467 million for the same period in 2010. Staffing services revenue increased approximately 1% for the quarter, and approximately 11% year-to-date, compared to the prior year. On average, approximately 31,900 U.S. staffing employees were on assignment in the quarter, compared to approximately 31,800 in the fourth quarter of 2010.”
Exclusive Guide From Gibraltar—Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.