Volt Information Sciences News Release (10/01/12)
Volt Information Sciences reported selected unaudited financial information for its 2012 fiscal year third quarter and first nine months ended July 29, 2012. The staffing services segment, which accounts for a majority of the company’s total revenue, had approximately $492 million of revenue in the third quarter 2012 compared with approximately $470 million for the same period in 2011, an increase of 4.5%. For the first nine months of 2012, the segment had approximately $1.455 billion of revenue compared with approximately $1.398 billion of revenue in the same period in fiscal 2011, an increase of 4.1%.
The increase for the third quarter and nine-month period was primarily the result of increased contingent staffing and associate vendor employees on assignment and the recognition of previously deferred revenue, net of current period deferrals. In addition, the nine-month period includes increased technology consulting and outsourcing services and solutions revenues.