"Our revenue increase for the quarter is especially gratifying in that it reflects solid contributions from all of our geographies," said Tony Cherbak, chief operating officer. "In addition to the consistent growth in U.S. revenue, our international offices accounted for 27% of consolidated revenue during the quarter."
The Company's revenue for the six months ended November 27, 2010 was $262.2 million compared with $239.8 million for the six months ended November 28, 2009. The Company's net income for the six months ended November 27, 2010 was $18.7 million, or $0.40 per diluted share (including the after tax impact of the adjustment of the estimated fair value of contingent consideration expense of $14.0 million or $0.30 per share), compared with a net loss of $9.1 million, or $0.20 per diluted share, for the six months ended November 28, 2009.
During the second quarter of fiscal 2011, the Company purchased 79,000 shares of common stock for $1.3 million. On December 22, 2010, the Company paid $1.8 million to shareholders, representing its regular quarterly dividend of $0.04 per share.
"The results of the second quarter reflect the strength of our business as we enter 2011," said Don Murray chief executive officer. "Sitrick Brincko continues to give Resources greater skills in corporate advisory services than we previously possessed and contributed $8.9 million to EBITDA over the last twelve months, representing 33.8% of Sitrick Brincko's revenue. We are committed to the long term strategy underlying the Sitrick Brincko acquisition."