The New Jersey-based IT staffing and service provider had originally predicted revenue of between $66 and $68 million for the third quarter ended September 30, 2003. However, it now expects to report revenue in the range of $63 to $65 million when it makes its third-quarter statement on October 29.
The adjustment has been attributed primarily due to a continued decline in the IT Services market and overall technology market. In addition, offices affected by the northeast blackout normally account for about one-half of the company’s domestic IT Services revenue.
The company expects revenue from its Chimes software, and its recently acquired government consultancy, RGII Technologies, to continue to grow sequentially into the fourth quarter. However, it has pushed back its profitability forecast from the fourth quarter to the first quarter of 2004.
This article was based on material originally published by ComputerWire.
