CDI Corp. Posts Nine Percent Revenue Gain; MRI Up 12 Percent

May 10, 2012 – CDI Corp./(NYSE:CDI), a Philadelphia-based provider of IT-focused recruitment solutions, posted first quarter revenues of $280.6 million, an increase of 9.3 percent from revenues of $256.6 million a year ago. The company reported a net gain of $3.8 million, or $0.20 per diluted share, compared to a net loss of $0.7 million, or $0.03 per diluted share, in the fourth quarter 2010. Management Recruiters International, Inc. (MRI) reported a 12.2 percent increase in first quarter revenue versus the prior-year first quarter due largely to increases in contract staffing revenue. “The company's strong first quarter performance reflects sales growth in all three business segments, and savings from the restructuring we announced last December contributed to significant operating margin expansion,” said CDI president and CEO, Paulett Eberhart. “Going forward, we are focused on the successful execution of our strategic plan, designed to accelerate growth in targeted markets with a more efficient operating platform.”