Kforce Inc. News Release (05/01/12)

Kforce Inc. reported revenues from continuing operations for the quarter ended March 31 were $268.4 million compared with $259.3 million for the quarter ended Dec. 31, 2011, an increase of 3.5% and compared with $236.4 million for the quarter ended March 31, 2011, an increase of 13.5%. For the quarter ended March 31, Kforce reported net income of $4.1 million, or $0.12 per share, versus $7.1 million, or $0.20 per share, for the quarter ended Dec. 31, a decrease of 42.5% in net income and 40.0% in earnings per share. Net income for the first quarter of 2012 decreased 15.8%, versus the first quarter of 2011, which had net income of $4.8 million.