Business Wire (06/13/2014)
Volt Information Sciences Inc. reported net revenues of $451.5 million in the second quarter of 2014, down 12% from $519.7 million in the first quarter of 2013. The company reported a net loss of $3.5 million, down 80% from $17.5 million.
“We are particularly pleased with our staffing segment results, as we grew operating income by over 400% on a year-to-year basis, despite a 15% decline in revenue,” said Ron Kochman, Volt president and chief executive officer.
Exclusive Guide From Gibraltar—Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.