Resources Connection (RECN) Reports Q2 EPS of $0.33, Revenues Beat

Resources Connection (NASDAQ: RECN) reported Q2 EPS of $0.33, versus $0.27 reported last year. Revenue for the quarter came in at $188.8 million versus the consensus estimate of $185.05 million.

• Revenue of $188.8 million, up $32.1 million (20.5%) over the second quarter of fiscal 2018.
• U.S. revenue* increased 24.7% over the second quarter of fiscal 2018.
• European revenue* increased 0.9% (4.2% constant currency**) over the second quarter of fiscal 2018; twelfth successive quarter-over-quarter growth.
• Asia Pacific revenue increased 4.4% (7.4% constant currency**) over the second quarter of fiscal 2018.

“We are extremely pleased by the momentum in our business now,” said Kate Duchene, president and chief executive officer. “I attribute the improving results to three important changes in our Go To Market efforts -- the client service and technical sales teams spend more time in front of clients, we have improved the alignment of our incentive systems to sales growth and velocity in our sales efforts has been delivered by a focused business development team.”

For earnings history and earnings-related data on Resources Connection (RECN) click here.

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