CDI Corp. News Release (02/28/12)
CDI Corp. today reported results for the fourth quarter and full year ended Dec. 31, 2011. For the fourth quarter, the company reported revenue of $268.0 million, an increase of 8.0% versus the year-ago quarter. CDI Corp. reported a fourth quarter net loss of $0.7 million, compared with a net loss of $14.9 million in the prior year quarter.
For the year, the company reported revenue of $1.060 billion, a 14.4% increase over $926.3 million reported in 2010. Net income in 2011 increased to $14.8 million, versus a net loss of $10.9 million in 2010. For the first quarter ending March 31, 2012, the company anticipates revenue increases in the range of 4% to 6% compared with the year-ago first quarter. Beginning in the first quarter 2012, CDI will report on three operating segments: Professional Services Staffing; Management Recruiters International Inc.; and Global Engineering and Technology Solutions.
Inavero Announces Company Rebrand to ClearlyRated®
Inavero, a leading provider of client and talent satisfaction surveys and service quality research for staffing firms, has rebranded to ClearlyRated. The new corporate name for the longtime trusted satisfaction survey partner of ASA comes after a year of transformative change that included the launch of the ClearlyRated.com online service provider directory.