Resources Connection reports Q2 EPS 51c, consensus 47c

Reports Q2 revenue $200.4M, consensus $199.2M. CEO Kate Duchene said: "Our strong performance in the second quarter of fiscal 2023, especially continued top line growth and gross margin improvement over a very robust prior year comparative, validates our business model and our clients’ migration toward value-oriented partners. We have continued to grow top line and improve our profitability to levels not experienced since 2008. In today’s marketplace, many companies face skillset gaps and lack project management and change management expertise to deliver on mission critical initiatives. We are a well-positioned and compelling partner to solve these talent and execution challenges in the world’s most recognized companies. Our consultants are experts who execute bringing experience, judgment and efficiency to the delivery of our solutions. In addition, digital transformation initiatives continue to drive demand in our Veracity business across new clients and the traditional RGP client base. While some client segments are delaying budgeted initiatives to the new calendar year, our pipeline remains healthy and strong. We acknowledge the challenges presented by the overall macro economy in 2023 but we remain cautiously optimistic about our opportunities to get breadth and depth in our blue chip client base as we move further into calendar 2023." "