Resources Connection reports Q1 EPS (17c), consensus 3c

Reports Q1 revenue $136.9M, consensus $137.92M. “This quarter, our teams have continued to push hard to gain momentum on topline revenue, while also working diligently to lay the foundation for our diversification strategy to broaden RGP‘s addressable market,” said Kate W. Duchene, Chief Executive Officer. “The combination of technology transformation, operating model evolution and brand refresh initiatives enables us to further improve speed to market, extend buying centers, and strengthen brand recognition. Our business now serves clients in three ways: On-Demand, Consulting and Outsourced Services. By organizing ourselves with greater focus and clarity, our clients and prospects have an improved understanding of when to call us and for what capabilities. We are seeing early signs of our efforts paying off, including notable pipeline improvement and more sizable deal closes involving our service brands delivering together seamlessly. We believe the refreshed brand positioning we launched today will reinforce our strategy to cross sell as a trusted partner in our exceptional client base, enabling us to deliver on growth and profitability goals for our shareholders over the long term.”