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Volt Information Sciences revenue falls in fiscal Q1, names former Randstad exec as president of Volt Workforce Solutions

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Volt Information Sciences Inc. (NYSE MKT: VISI) reported net revenue fell 19.1% in its fiscal first quarter ended Jan. 28. On a same-store and constant currency basis, net revenue fell 10.6% year over year, excluding net revenue contributed from businesses sold or exited during the past year.

The company said a significant portion of the year-over-year decline was related to lower revenue from a single large customer in its North American staffing segment. 

(US$ thousands) Q1 2018 Q1 2017 % change Net revenue $253,338 $313,024 -19.1% Gross margin $36,009 $46,890

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