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Kforce Sees Drop in Government Services Revenue

Associated Press (07/23/12)

Kforce says it will book a pretax charge of between $60 million and $70 million to its second-quarter results because of a decline in the value of its companies that work with government agencies. The companies comprise about 8% of Kforce’s total revenue. The company says the revenue is being hurt by “increasingly significant delays” in getting already-funded government projects started.