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San Fernando
Friday, May 9, 2025

On Assignment’s Gets Higher Income, Revenue in Q2

On Assignment Inc. has higher net income and revenues for the second quarter of 2011 compared to a year ago after experiencing major growth in its IT & Engineering and Life Sciences segments. For the quarter that ended June 30, the Calabasas-based professional staffing company had net income of $5.9 million, or $0.16 per diluted share, on revenues of $143.7 million. For the same period last year, the company had net income of $940,000, or $0.03 per diluted share, on revenues of $104.5 million. On Assignment President and CEO Peter Dameris said the company’s operating results for the quarter and first half of the year were driven by high double-digit growth of its IT & Engineering and Life Sciences units. For the second quarter, the company had year-over year revenue growth of 58.4 percent for its IT & Engineering segment, 55.3 percent for its Life Sciences segment and12.6 percent for its Healthcare segment. The Physician segment had a year-over-year revenue decline of 7.7 for the quarter. Dameris said he expects the Physician Segment to start growing again in the third quarter since its June revenues increased year-over-year for the first time in 22 months. On Assignment is projecting its third-quarter net income to be between $6.4 million and $7 million, with earnings per diluted share between $0.17 and $0.19. It is projecting its revenues to be between $155 million and $158 million. Jessica Vernabe

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