CDI Corp. News Release (05/08/12)

CDI Corp. today reported revenue of $280.6 million for the first quarter, up 9.3% compared with the prior-year first quarter, with all three segments reporting gains. First-quarter net income was $3.8 million compared with $0.7 million in the prior-year first quarter. The company reported gross profit margin of 19.8% compared with 21.2% in the same period last year.

CDI’s professional services staffing segment reported a 12.2% increase in first-quarter revenue versus the prior-year first quarter. Operating profit more than doubled to $5.8 million versus the prior-year first quarter driven by the increased revenue and lower expenses.