Last modified on Sunday, 02 June 2013
Weak Demand Lowers CBIZ Results
Weak client demand led CBIZ to just over a 2-percent drop in net income on flat revenue for its third quarter ended September 30 as hours charged to clients fell for its financial services segment, the portion of its business that includes CPA firm operations. Net income for the most recently ended quarter dropped to $4.7 million, down from $4.8 million a year ago. Revenue for the quarter was $177.1 million, less than $200,000 more than in last year's corresponding period.