Company Name: Analysts International Corporation
Stock Market: NASDAQ (ANLY)
Industry Sector: Services-Computer Programming Services
Market Capitalisation: $19.4 million (as of October 20, 2008)
Yearly Revenue: $350 million (as of 2007)
Operating Income: $13.5 million (as of 2007)
Net Income: $16.2 million (as of 2007)
Total Assets: $85.3 million (as of December 2007)
Key People: Elmer N. Baldwin (President & Chief Executive Officer), Robert Woods (Senior Vice President, General Counsel and Secretary), David J. Steichen (Chief Financial Officer, Treasurer), Craig Andrie (Vice President - Professional Services - Western Region), Michael Gange (Vice President - Professional Services - Eastern Region), Brittany McKinney (Vice President - Planning & Operations), Walter P. Michels (Controller), Michael Souders (Senior Vice President Solutions), Elizabeth Trammell (Vice President Staffing), Michael Vacanti (Vice President - Professional Services - Central Region), Alan Wise (Vice President solutions)
Headquarters Address: 3601 West 76th Street
Minneapolis , Minnesota
Number of Employees: 2,093 (as of 2007)
Website Address: www.analysts.com
Company Overview:
Analysts International Corporation provides a number of information technology and business consulting services such as network analysis and design, mainframe migrations, project management, custom programming and intranet/internet development. Since its start up in 1966, the company has been providing services in Canada and the United States through its sales and customer support services.
In 2002, Analysts International started to offer staffing services to the medical industry, such as hospitals and clinic through the establishment of its wholly-owned subsidiary, Medical Concepts Staffing, Inc.
On January 22, 2008, Analysts International announced its new strategic plan designed to raise shareholder value and to make the company more profitable again. Moreover, the plan was intended to increase revenue, adding sales and improving margin, and recruiting personnel on high earning businesses. Another objective of the plan was to expand the company’s services in key markets. Lastly, the plan aimed to reduce corporate expenses by means of merging back-office and other corporate overhead functions.
Other than that, Analysts International intended to expand its Solutions service line in 2008. In 2009, the company plans to continue its expansion in other additional markets across the United States. Furthermore, Analysts International plans to invest on their IT systems to automate, simplify, and streamline their business processes.
Current Financial Overview:
In January 2005, Analysts International acquired the assets of WireSpeed Networks, a company that specialised in wireless networking and IP telephony. The integration of WireSpeed enabled Analysts International to extend and enhance the company’s services in Cincinnati.
In April 2005, Analysts International acquired Redwood Solutions Corporation, a Michigan-based IT services company that specialised in integrating software and hardware solutions for storage and retrieval of data.
As of December 29, 2007, the total revenue was $360 million. This increase in total revenue was attributed to the inclined number of services provided to the company’s clients through sub suppliers. However, the company declared a 6.9% decrease in revenue from the services they supply directly to clients.
nalysts International incurred 89.4% increase in product sales. This increase was attributed to the growing Voice Over Internet Protocol (VoIP) or IP Telephony business. The company’s net loss for fiscal 2007 amounted to $16.2 million. Included in the loss is the $15.1 million in special charges related to restructuring and writing off of goodwill, severance, and other intangible and tangible assets.
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