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Article: TSR, Inc. Reports Financial Results for the Quarter Ended August 31, 2009.(Financial report)
- Article from:
- Business Wire
- Article date:
- October 7, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HAUPPAUGE, N.Y. -- TSR, Inc., (Nasdaq:TSRI) a provider of computer programming consulting services, today announced financial results for the first quarter ended August 31, 2009.
For the quarter ended August 31st, revenues decreased 25.2% from the same quarter last year to $9.1 million. Consolidated net income attributable to TSR shareholders decreased 70.7% from the comparable period to $63,000. Additionally, earnings per share decreased from $0.05 to $0.02.
Joe Hughes, CEO, stated, "Revenue for the quarter ended August 31, 2009 decreased 25.2% from the prior year period. The decrease in revenue resulted primarily from the average number of consultants ...
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