On Assignment News Release (02/14/12)
On Assignment Inc. today reported results for the quarter and the year ended Dec. 31, 2011. Revenues for the fourth quarter of 2011 were $161.8 million, up 34% year-over-year. Revenues for the full year 2011 were $597.3 million, up 36% year-over-year.
Net income for the fourth quarter of 2011 was $7.5 million, compared with $2.8 million for the fourth quarter of 2010. Peter Dameris, president and chief executive officer of On Assignment, said, “We believe we are well positioned to take advantage of what we believe will be historic secular and cyclical growth for the staffing industry over the next three to five years.”
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.