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

TSR, Inc. Reports Financial Results For The Fourth Quarter And Fiscal Year Ended May 31, 2012

TSR, Inc., (Nasdaq:TSRI) a provider of computer programming consulting services, today announced financial results for the fourth quarter ended May 31, 2012.

For the quarter ended May 31st, revenue increased 7.3% from the same quarter last year to $11.6 million. Net income (loss) attributable to TSR decreased from income of $92,000 in the prior year quarter to a loss of $48,000 in the current quarter. Additionally, net income (loss) per share decreased from income of $0.04 to a loss of $0.02.

For the year ended May 31st, revenue increased 14.9% from last year to $45.2 million. Net income (loss) attributable to TSR decreased from income of $197,000 in the prior year to a loss of $62,000 in the current year. Additionally, net income (loss) per share decreased from income of $0.10 to a loss of $0.03.

Joe Hughes, CEO, stated, “Our revenue increase of 7.3% for the fourth quarter was overshadowed by the net loss for the period. The increase in revenue resulted primarily from the average number of consultants on billing with customers increasing from 252 in the quarter ending May 31, 2011 to 266 in the quarter ending May 31, 2012. The net loss was primarily attributable to an increase of cost of sales as a percentage of revenue. The increase in cost of sales as a percentage of revenue resulted from far more demanding client specifications, billing rate reductions and other competitive pressures. These increased competitive pressures have negatively impacted our gross profit percentages, which pressures were evidenced in the current quarter by rate and margin reductions at several of our major financial services customers enacted in the third fiscal quarter. In addition, the increased expenses associated with hiring and training junior technical recruiters and the increase in expenses associated with the hiring of new sales professionals contributed to the net loss.”

1 of 3

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs