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.”