Administaff Reports Net Income of $8.2 Million in 1st Quarter

Administaff Inc. on Monday reported first quarter net income of $8.2 million, or earnings per diluted share of 33 cents on revenues of $462 million.In the 2008 first quarter, net income was $13.2 million and earnings per diluted share was 51 cents, the professional employer organization said."We are pleased with our first quarter results, which demonstrate our ability to manage effectively and continue to make substantial profits through a difficult economic period," said Paul J. Sarvadi, Administaff chairman and chief executive officer. "Although current marketplace realities have had a negat...