RECN beats by 10 cents

Non-GAAP EPS = 29 cents, GAAP = 19 cents

"In spite of the recent extraordinary events affecting the world's financial markets, we continue to focus on executing our business strategy, including serving our clients and growing our revenues," said Don Murray, chairman and chief executive officer of Resources.

Net income determined in accordance with generally accepted accounting principles ("GAAP") for the third quarter ended February 29, 2008, was $8.7 million, or $0.19 per diluted share, including non-cash stock-based compensation expense of $4.8 million net of tax. This compares with GAAP net income for the third quarter ended February 28, 2007, of $13.1 million, or $0.26 per diluted share, including non-cash stock-based compensation expense of $4.0 million net of tax.

Non-GAAP net income for the third quarter of fiscal 2008 (which excludes stock-based compensation expense and the related income tax expense) was $13.5 million, or $0.29 per diluted share, compared to $17.1 million, or $0.33 per diluted share, in the prior year quarter.