Total revenue for the fourth quarter of fiscal 2008 improved 18.1% to $236.7 million from $200.5 million for the fourth quarter in fiscal 2007. Revenues in the U.S. were up 10.4% quarter-over-quarter while international revenues increased 42.5% (29.4% on a constant dollar basis). Revenue for the fourth quarter of fiscal 2008 includes revenue of $5.7 million from Domenica B.V., a leading Netherlands-based provider of actuarial services to pension and life insurance companies, acquired by Resources on December 18, 2007. The Company's results for the fourth quarter of fiscal 2008 also include an extra week of revenue (a 14-week quarter) and related expenses as compared to the fourth quarter of fiscal 2007 (a 13-week quarter).

Total revenue for the year ended May 31, 2008 improved 14.2% to $840.3 million from $735.9 million for fiscal 2007. Revenues in the U.S. were up 9.0% for fiscal 2008 and international revenues were up 31.0% (20.6% on a constant dollar basis). Revenue for fiscal 2008 includes revenue of $9.9 million from Domenica B.V. since December 18, 2007. The Company's results for fiscal 2008 include an extra week of revenue (a 53-week year) and related expenses as compared to fiscal 2007 (a 52-week year).

Gross margin was 39.4% in the fourth quarter of fiscal 2008 versus 39.5% in the comparable period of fiscal 2007. Selling, general and administrative expenses, which include stock compensation expense, were 26.1% of revenue for the fourth quarter of fiscal 2008 compared to 25.7% for the same quarter in fiscal 2007. On a sequential quarterly basis, selling, general and administrative expenses improved 230 basis points from 28.4% of revenue in the third quarter of fiscal 2008.

Net income determined in accordance with generally accepted accounting principles ("GAAP") for the fourth quarter ended May 31, 2008, was $15.9 million, or $0.35 per diluted share, including non-cash stock-based compensation expense of $4.1 million net of tax. This compares with GAAP net income for the fourth quarter ended May 31, 2007, of $16.1 million, or $0.32 per diluted share, including non-cash stock-based compensation expense of $4.6 million net of tax.

Net income determined in accordance with GAAP for the year ended May 31, 2008, was $49.2 million, or $1.03 per diluted share, including non-cash stock-based compensation expense of $17.7 million net of tax. This compares with GAAP net income for the year ended May 31, 2007, of $54.8 million, or $1.08 per diluted share, including non-cash stock-based compensation expense of $16.7 million net of tax.

Adjusted earnings before interest, taxes, depreciation, amortization and stock compensation expense or "adjusted EBITDA" for the fourth quarter of fiscal 2008 was $36.5 million or 15.4% of revenue versus $33.3 million or 16.6% of revenue for the same quarter of fiscal 2007. Adjusted EBITDA for the year ended May 31, 2008 was $116.4 million or 13.9% of revenue versus $117.0 million or 15.9% of revenue in fiscal 2007.

"We are all very pleased with the improvement of our financial metrics, especially our gross margin and adjusted EBITDA margin during the fourth quarter," said Don Murray, executive chairman of Resources. "These metrics are closer to the levels that we have historically enjoyed."

During the three months ended May 31, 2008, the company purchased approximately 1.1 million shares of its common stock for approximately $21.0 million or $18.99 per share.

Thomas Christopoul, CEO of Resources, added, "Our results for the most recent quarter and past fiscal year demonstrate the strength and durability of the Resources business model globally. It's especially gratifying to report these results against the backdrop of the considerably challenging business environment experienced over the past 12 months by our clients around the world." -- Resources Connection, Inc.