CDI Reports 2011 First Quarter Results

CDI Corp. CDI (the "Company") today reported financial results for the first quarter ended March 31, 2011. The Company also announced a quarterly cash dividend of $0.13 per share which will be paid on May 26, 2011 to all shareholders of record as of May 12, 2011. 2011 First Quarter Key Points Revenue of $256.6 million, representing growth of 22.2% compared to the prior-year first quarter and sequential quarterly growth of 3.5% CDI Engineering Solutions (ES) and CDI IT Solutions (ITS) show strong performance with year-over-year revenue growth of 25.6% and 39.0%, respectively. Revenue increases sequentially 6.3% in ES and is essentially flat in ITS. Management Recruiters International (MRI) reports 9.3% revenue growth compared to the prior-year first quarter and 0.5% sequential quarterly decline in revenue CDI AndersElite (Anders) revenue decreases 36.3% compared to the prior-year first quarter but shows some signs of improvement with 5.5% sequential quarterly growth EPS of $0.04 and pre-tax operating profit of $2.8 million