MPS Group Announces First Quarter 2007 Results
JACKSONVILLE, Fla., April 26 /PRNewswire-FirstCall/ -- MPS Group, Inc. , a leading provider of specialty staffing, consulting, and business solutions, today announced financial results for the first quarter ended March 31, 2007. Revenue was above the range of guidance previously provided by management, and diluted net income per common share was within the range of guidance previously provided by management.
First Quarter Summary * Revenue was $510 million, up 16% versus the first quarter of 2006; * Excluding the effect of foreign currency exchange rates and acquisitions, revenue increased 7% versus the first quarter of 2006; * Gross profit was $140 million, up 19% versus the first quarter of 2006; * Diluted net income per common share was $0.17, up 13% from the first quarter of 2006; and * The Company used $11 million during the first quarter to repurchase Company stock.
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