This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PRGX Global, Inc. Announces Fourth Quarter And Fiscal Year 2010 Financial Results

"We have also launched our Next Generation Recovery Audit service with our new PRGX AuditTrax SM auditing platform and PRGX ClaimTrax SM claims management platform, combining the latest technology with our 40 years of audit experience to streamline the entire end-to-end auditing process. In November, we announced the acquisition of The Johnsson Group to add to our core financial and procurement advisory services and add a set of top-tier clients. And we continue to add to our talent around the world, including in our new India center, where the team size nearly doubled from approximately 40 employees three months ago to around 70 today."

"In 2009 we announced our growth strategy with our plan to make 2010 our 'implementation year' and 2011 our 'execution year'. We are excited to have successfully concluded our implementation year and are already seeing revenue growth; we will keep our focus on execution in the year ahead," concluded Mr. Bahl.

Discussion of Segment Results for Three Months Ended December 31, 2010:

Recovery Audit Services - Americas revenues for the 2010 fourth quarter were $30.6 million compared to the prior year's fourth quarter revenues of $29.6 million, an increase of 3.4%. On a constant dollar basis, adjusted for changes in foreign exchange rates, Recovery Audit Services – Americas revenues increased by 2.1% compared to 2009. Gross margin for both periods was significantly impacted by investments the Company is making in its growth strategies. Significant portions of the non-capitalizable amounts of these costs are being absorbed within the Recovery Audit Services - Americas segment cost of revenues.

Recovery Audit Services - Europe Asia/Pacific revenues for the 2010 fourth quarter were $15.0 million compared to $18.3 million in the prior year's fourth quarter, a decrease of 17.9%. On a constant dollar basis, adjusted for changes in foreign exchange rates, Recovery Audit Services – Europe Asia/Pacific fourth quarter 2010 revenues decreased by 13.1% compared to 2009. The 2009 fourth quarter included significant revenue which had been delayed from previous periods. Full year 2010 Europe Asia/Pacific Recovery Audit revenues exceeded the prior year revenues by 9.7%.

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs