TSR reports Q2 EPS 30c vs. 12c last year

Reports Q2 revenue $26M vs $23.5M.last year. Thomas Salerno, our CEO, stated: "Our operating income increased a robust 142% ($1,066,000 as compared to $415,000 in the prior year’s second quarter), due to strategic business development efforts combined with the completion of a firmwide technology overhaul that included the implementation of leading-edge applicant search tools, which saved the Company money and provided our recruiters with improved tools to find top talent faster than our competitors. Revenue grew by 9.1% over the prior year quarter due to a combination of more high end IT consulting engagements and our successful emphasis on the higher profit margin permanent placement space. This drove net income, which was also enhanced by our executive team’s focus on controlling selling, general and administrative expenses. In early 2020, we created a multiyear road map that started with increasing top line growth, investing in our technology infrastructure, improving brand recognition, and revitalizing our corporate culture. We anticipated that this plan would increase profitability and shareholder equity and we are happy to report these positive results..