Resources Connection reports Q2 EPS 14c vs 51c last year

Reports Q2 revenue $163.1M, consensus $161.94M. “We are pleased to deliver top line revenue and SG&A results toward the favorable end of our outlook ranges provided in October,” said Kate W. Duchene, Chief Executive Officer. “We worked diligently throughout the quarter to extend engagements and close new business in a persistently uncertain macro environment. In general, clients continued to take longer to approve budgets and green light significant new projects so we are staying very close to be ready when the pent-up demand releases. Given our strong client retention and the depth of conversations we are having with our largest clients, we are cautiously optimistic that the buying environment and our own revenue growth will improve in calendar 2024. In the meantime, we are laser focused on expanding our consulting capabilities in digital transformation and technology services, extending offshore talent strategies by building Centers of Excellence in India and the Philippines to blend project teams, and delivering on our technology transformation project to drive even better operating efficiency, all of which will position the Company for strength as economic conditions gradually recover.”