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Volt Information Sciences, Inc. Reports Second Quarter Fiscal 2021 Financial Results

June 15, 2021 4:05 PM EDT

Reports Year-Over-Year Revenue Growth and Positive Net Income

ORANGE, Calif.--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (Volt or the Company) (NYSE-AMERICAN: VOLT) a global provider of staffing services, today announced financial results for the second quarter ended May 2, 2021.

Second Quarter Summary

Revenue was $222.1 million, a 7.1% increase compared to the second quarter of fiscal 2020; Adjusted Revenue* increased 5.9%. Gross margin increased 80 basis points year over year to 16.4%. GAAP operating income was $2.7 million, a $7.1 million improvement compared to the prior-year quarter; Adjusted Operating... More