Barrett profit climbs in 2Q
Thursday, July 28, 2011
Barrett Business Services Inc. on Wednesday reported a second-quarter profit of $3.4 million, or 34 cents per diluted share. That compares with a profit of $2.3 million, or 22 cents per diluted share, during the second quarter of 2010. The Vancouver company’s April to June revenue was $76 million, up about 13 percent year-over-year.
“Although we did not see a significant increase in hours worked or hiring from existing clients, we do continue to see a strong build of new clients as well as stability within our existing clients,” Michael Elich, president and CEO of the company, said in a news release.
Barrett provides human resource outsourcing and professional management consulting services for more than 2,000 clients across 25 states.