Last $9.85 USD
Change Today +0.25 / 2.60%
Volume 66.5K
VISI On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 6:40 PM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

volt info sciences inc (VISI) Snapshot

Open
$9.45
Previous Close
$9.60
Day High
$9.95
Day Low
$9.25
52 Week High
12/12/13 - $10.15
52 Week Low
05/12/14 - $7.42
Market Cap
205.6M
Average Volume 10 Days
14.8K
EPS TTM
--
Shares Outstanding
20.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VOLT INFO SCIENCES INC (VISI)

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volt info sciences inc (VISI) Details

Volt Information Sciences, Inc. provides staffing and telecommunication services, call center computer systems, and other information solutions primarily in the United States and Europe. It operates in three segments: Staffing Services, Computer Systems, and Other. The Staffing Services segment provides contingent staffing, master staffing vendor contracting and management, direct placement, and other employment services and workforce solutions; and technology consulting and outsourcing services and solutions, such as software application lifecycle development and hardware testing, technical documentation and communications, electronic game testing, IT infrastructure outsourcing, customer call center solutions, data center management, enterprise technology implementation and integration, and corporate help desk services. The Computer Systems segment provides operator services, information services, computer hardware and software, hosted OnDemand contact center service solutions, and database services to telephone companies and inter-exchange carriers. The Other segment provides IT infrastructure services, including hardware maintenance and computer/network operations support in large data centers, as well as management of large-scale corporate technology refresh programs; and designs, engineers, constructs, installs, and maintains voice, data, video, and utility infrastructure for telecommunication and cable industries and their utilities, and corporations and governmental entities. This segment also publishes telephone directories; and prints white pages, the Uruguay telephone directories, directories for other publishers, books, magazines, periodicals, and advertising material. The company serves multinational, national, and local clients in technology, telecommunication, and financial industries. Volt Information Sciences, Inc. was founded in 1950 and is headquartered in New York, New York.

34,700 Employees
Last Reported Date: 01/31/14
Founded in 1950

volt info sciences inc (VISI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Executive Vice President and Director
Total Annual Compensation: $526.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $1.1M
President of Volt Delta - Computer Systems
Total Annual Compensation: $300.0K
Senior Vice President and Managing Director o...
Total Annual Compensation: $306.9K
Compensation as of Fiscal Year 2013.

volt info sciences inc (VISI) Key Developments

Volt Information Sciences Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended August 3, 2014

Volt Information Sciences Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended August 3, 2014. For the quarter, net revenue decreased $67.2 million to $437.0 million from $504.2 million in fiscal 2013, and proforma net revenue decreased $63.3 million, or 12.7%, to $435.1 million from $498.4 million in fiscal 2013. The decrease in revenue was primarily the result of decreased Staffing Services revenues of $58.8 million (proforma of $59.3 million) resulting from lower demand primarily at enterprise customers, but also to a lesser extent at retail customers, and continuing initiative to reduce exposure to customers with unfavorable business terms. GAAP operating income decreased to $1.3 million from $2.3 million in 2013, and GAAP net results for the third quarter of 2014 decreased to a loss of $0.5 million from net income of $2.1 million in 2013. However, including Unrecognized Revenue proforma operating results improved to a loss of $0.5 million from a loss of $3.4 million in 2013, and proforma net loss decreased in 2014 to $2.3 million from $3.7 million in 2013. Net cash used in operating activities was $2.742 million against $21.684 million for the same period a year ago. For the nine months, the company's net revenue decreased $218.5 million to $1,325.6 million from $1,544.1 million in fiscal 2013, and proforma net revenue decreased $217.4 million, or 14.1%, to $1,323.0 million from $1,540.4 million in 2013. The change in revenue was the result of decreased Staffing Services revenues of $210.9 million (proforma of $209.0 million) resulting from lower demand primarily at large enterprise customers, its continuing initiative to reduce exposure to customers with unfavorable business terms, and with respect to GAAP results $1.9 million higher net staffing Unrecognized Revenue. Operating results improved $18.3 million to a loss of $13.1 million from a loss of $31.4 million in 2013, and proforma results improved $19.4 million to a proforma loss of $15.7 million from a proforma loss of $35.1 million in 2013. Operating loss was $31.4 million included restatement, investigations and remediation costs of $22.4 million, restructuring costs of $1.9 million, and a $3.0 million indirect tax recovery related to multiple years. Without these items would have had an operating loss of $10.1 million and a proforma operating loss of $13.8 million. Net cash provided by operating activities was $18.588 million against net cash used in operating activities of $22.073 million for the same period a year ago.

Volt Information Sciences Inc. to Report Q3, 2014 Results on Sep 12, 2014

Volt Information Sciences Inc. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Sep 12, 2014

Volt Information Sciences Inc., Q3 2014 Earnings Call, Sep 12, 2014

Volt Information Sciences Inc., Q3 2014 Earnings Call, Sep 12, 2014

 

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VISI

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Valuation VISI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 2.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.0x
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