Analysts International Corporation operates as an information technology (IT) company in the United States. The company provides supplemental staffing services, such as IT professionals; consultant network comprising full-time and temporary employees and contract professionals; staff augmentation services; and managed teams. It also offers project-based solutions that deliver custom application and systems integration solutions; developed software and services; technology products; and staffing support services. The company serves mid-market to Fortune 500 companies primarily in the business and technology services, manufacturing, energy, government, retail, healthcare, finance and insurance...
7700 France Avenue South
Minneapolis, MN 55435
Founded in 1966
Analysts International Corp. Announces Board Changes; Amends Articles of Incorporation
Oct 17 13
Analysts International Corporation entered into an Agreement and Plan of Merger with American CyberSystems Inc. (parent) and ACS Merger Corp. (purchaser). In connection with the Merger and as contemplated by the Merger Agreement, each member of the company's board of directors prior to the Merger voluntarily resigned from the company's board of directors effective as of the Effective Time. In addition, effective as of the Effective Time, Rajiv Sardana, Nita Sardana and Sanjeev Sardana were elected to serve as members of the board of directors.
Pursuant to the merger agreement, following the effective time, the company's amended and restated articles of incorporation in effect immediately prior to the effective time was amended and restated. In addition, following the effective time, the company's amended and restated bylaws in effect immediately prior to the Effective Time were amended and restated.
Analysts International Corp.(NasdaqGM:ANLY) dropped from NASDAQ Composite Index
Oct 13 13
Analysts International Corp. will be removed from NASDAQ Composite Index.
Analysts International Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 29, 2013
Aug 12 13
Analysts International Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 29, 2013. For the quarter, the company's revenues were $25,743,000 compared to $27,079,000 a year ago. Operating income was $529,000 compared to $549,000 a year ago. Income before income taxes was $529,000 compared to $548,000 a year ago. Net income (comprehensive income) was $519,000 or $0.10 per diluted share compared to $533,000 or $0.10 per diluted share a year ago. EBITDA was $698,000 compared to $712,000 a year ago. The company generated $0.9 million in operating cash flow and ended the quarter with $6.5 million in cash and no amounts outstanding under its credit facility.
For the six months, the company's revenues were $50,306,000 compared to $53,802,000 a year ago. Operating income was $776,000 compared to $739,000 a year ago. Income before income taxes was $775,000 compared to $737,000 a year ago. Net income (comprehensive income) was $748,000 or $0.15 per diluted share compared to $731,000 or $0.14 per diluted share a year ago. EBITDA was $1,113,000 compared to $1,053,000 a year ago. Year over year, revenue was negatively impacted by the continued attrition in markets the company previously exited and the loss of one major account in late 2012, as discussed in prior quarters. These two factors resulted in a combined negative revenue impact of $0.8 million in the second quarter of 2013 and $1.9 million for the first half of fiscal 2013.