Revenue during the quarter went down marginally by 2.21 percent to $147.56 million from $150.89 million in the previous year period. Gross margin for the quarter contracted 72 basis points over the previous year period to 38.30 percent. Total expenses were 93.46 percent of quarterly revenues, up from 90.20 percent for the same period last year. That has resulted in a contraction of 327 basis points in operating margin to 6.54 percent.

Operating income for the quarter was $9.65 million, compared with $14.79 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $12.31 million compared with $17.10 million in the prior year period. At the same time, adjusted EBITDA margin contracted 299 basis points in the quarter to 8.34 percent from 11.33 percent in the last year period.

"Since I assumed the chief executive officer role, I have been working with the senior leadership team to define a change agenda and growth strategies to deliver on the opportunities ahead for RGP,” said Kate Duchene, President and Chief Executive Officer of RGP. "While the improvements in revenue results in Europe and Asia Pacific are a good start, we are actively working on several initiatives to improve results in all of our geographies. For example, we have launched a project to improve our sales process and sales strategy across the globe. We believe an aligned sales process, aided by a global technology platform, will enable us to deliver improved worldwide client service and revenue results over the long term."