On Assignment Inc. News Release (04/26/12)

On Assignment Inc. reported revenues for the first quarter of 2012 were $167.1 million, up 29% year-over-year and up 3% from the preceding quarter. Net income was $5.4 million. Excluding acquisition-related expenses (net of tax), net income was $6.8 million, compared with $3.5 million in the first quarter of 2011.

The information technology and engineering segment revenues were $78.8 million, up 31.0% from the first quarter of 2011 and 10.6% from the fourth quarter of 2011. Life sciences segment revenues were $41.4 million, up 25.5% from the first quarter of 2011 and 1.1% from the fourth quarter of 2011. Health care segment revenues were $22.9 million, up 15.3% from the first quarter of 2011 and down 11.8% from the fourth quarter of 2011. Physician segment revenues were $24.1 million, up 45.8% from the first quarter of 2011 and up 1.6% from the fourth quarter of 2011.