Welcome to our dedicated page for Resources Connection news (Ticker: RGP), a resource for investors and traders seeking the latest updates and insights on Resources Connection stock.
Resources Connection reports developments for RGP, a Nasdaq-listed global professional services firm that combines consulting, on-demand talent and managed services for finance, digital transformation, data, cloud and enterprise transformation work. Recurring updates cover quarterly results, segment revenue trends, dividends, consulting practice leadership, AI capabilities, technology strategy, public-sector growth and brand experience services.
Company news also includes governance actions and board refreshment, reflecting RGP’s public-company oversight structure and its advisory-to-execution services for CFOs, CIOs and other senior leaders.
Resources Connection, Inc. (Nasdaq: RGP) reported a 14.4% decline in revenue for its fiscal first quarter ending August 29, 2020, totaling $147.3 million. Gross profit decreased to $57.9 million, while net income dropped to $2.3 million.
Despite these challenges, the company improved its gross margin to 39.3% and achieved a positive cash flow of $18.6 million. SG&A expenses were reduced to $51.2 million, indicating cost containment efforts. A restructuring plan in Europe aims to enhance operational efficiency.