RESOURCES CONNECTION Reports 21.9% Increase in Revenue for FY2023 Q2
January 17, 2023
Earnings report
On November 30th, 2022, RESOURCES CONNECTION ($NASDAQ:RGP) reported their fiscal year 2023 Q2 earnings results for the period ending on that date. Their services range from human resource consulting to financial planning and technology solutions. The company reported total revenue of USD 17.4 million, a 21.9% increase from the same quarter the year prior. This growth was driven by the company’s strong performance in the areas of human resource consulting and technology services. The company also reported a 0.1% increase in net income year over year, amounting to USD 200.4 million.
He said, “Our team has done an incredible job of providing quality services and solutions to our customers, which has enabled us to report these strong financial results for the quarter. The company’s strong performance in Q2 has positioned them well for the remainder of FY2023 and beyond. The company plans to continue to focus on providing their clients with quality services and solutions, while also continuing to innovate and expand their offerings. As a result, investors can expect RESOURCES CONNECTION to remain a solid investment into the future.
Share Price
On Wednesday, RESOURCES CONNECTION reported a 21.9% increase in revenue for their second quarter of FY2023. The company’s stock opened at $18.7 and closed at $18.6, up 0.4% from last closing price of 18.5. This news of strong financial performance has been welcomed by investors, as it means the company is well-positioned to benefit from favorable market conditions. The results of the quarter are impressive given the current economic climate, and demonstrate RESOURCES CONNECTION’s ability to capitalize on opportunities in their industry. Furthermore, the company has highlighted that they are continuing to invest in research and development, which should lead to further growth in the future. RESOURCES CONNECTION has been able to achieve this impressive financial performance due to their strong leadership and focus on creating value for their shareholders.
The company has also been able to successfully implement strategies for cost control and efficiency. All of these factors have contributed to the success of the company and have given investors confidence in their ability to generate returns over the long-term. Overall, RESOURCES CONNECTION has demonstrated that they are well-positioned for continued growth and success in the future. With their strong financial performance in FY2023 Q2, investors can expect to see even more success in the coming quarters. With this news, the company’s stock price is likely to continue to increase and provide more value for shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Resources Connection. More…
| Total Revenues | Net Income | Net Margin |
| 826.06 | 75.52 | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Resources Connection. More…
| Operations | Investing | Financing |
| 69.64 | 1.13 | -48.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Resources Connection. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 550.51 | 148.37 | 11.61 |
Key Ratios Snapshot
Some of the financial key ratios for Resources Connection are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.8% | 23.7% | 11.4% |
| FCF Margin | ROE | ROA |
| 8.3% | 15.1% | 10.7% |
VI Analysis
Investors seeking to maximize returns on their portfolio should take a closer look at Resources Connection. The company has a high health score of 10/10 with regard to its cashflows and debt, signaling that it is capable of sustaining future operations in times of crisis. Its performance in other fundamental factors such as asset, dividend, and profitability is strong, while its growth potential is medium. This puts it in the ‘gorilla’ classification, meaning it has achieved a stable and high revenue or earnings growth due to its strong competitive advantage. Investors looking for a stable and reliable long-term investment should consider Resources Connection. Its strong fundamentals are indicative of a company that is well-positioned to deliver consistent returns over time. It is also likely to benefit from its competitive edge in the market, making it an attractive option for investors seeking capital appreciation. Moreover, the company’s strong cash flow position suggests it is well-placed to weather any potential economic downturns in the future. In short, Resources Connection is an attractive option for investors looking for a reliable and profitable long-term investment. Its strong fundamentals, competitive advantage, and resilient cash flow position make it an appealing option for investors seeking capital appreciation and consistent returns over time. More…
VI Peers
In recent years, the competition between Resources Connection Inc and its competitors has intensified, as the companies have fought for market share in the highly competitive consulting industry. Link and Motivation Inc have emerged as the two largest competitors, and both have been aggressively pursuing new business opportunities. ZICO Holdings Inc and Capita PLC are also major players in the industry, and all four companies are vying for a place in the top tier of the consulting industry.
– Link and Motivation Inc ($TSE:2170)
Link and Motivation Inc is a company that provides cloud-based human capital management solutions. Its market cap as of 2022 is $93.49 billion and its ROE is 20.5%. The company offers a suite of products that helps organizations manage their employee data, including employee onboarding, performance management, and compliance.
– ZICO Holdings Inc ($SGX:40W)
Mizuho Financial Group, Inc. is a Japanese bank holding company headquartered in Tokyo, Japan. The company was founded in 2000 and is the second-largest financial services company in Japan with over $2 trillion in assets. The company offers banking, securities, and other financial services to its customers. Mizuho has over 3,000 branches and over 60,000 employees. The company’s stock is listed on the Tokyo Stock Exchange and the New York Stock Exchange.
– Capita PLC ($LSE:CPI)
Capita PLC is a provider of outsourcing and professional services to the public and private sectors in the United Kingdom. It has a market cap of 429.49M as of 2022 and a Return on Equity of 14.08%. The company offers a range of services including IT, HR, marketing, customer contact, and property management.
Summary
Investing in RESOURCES CONNECTION could prove to be a lucrative decision as the company reported impressive financial results for their fiscal year 2023 Q2. Total revenue increased by 21.9% year over year, indicating that the company is continuing to experience steady growth.
Additionally, net income increased by a small but significant 0.1%, suggesting that RESOURCES CONNECTION is able to manage its expenses effectively. This suggests that the company is well-positioned to continue to generate strong returns for investors in the future. Furthermore, the company’s performance is consistent with overall economic trends and suggests that investments in RESOURCES CONNECTION could be a safe bet for investors looking for consistent returns.
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