TSR, Inc. Reports Financial Results for the Quarter Ended November 30, 2007 and Declares Quarterly Dividend of $0.08 Per Share

Business Wire, Jan 7, 2008

HAUPPAUGE, N.Y. -- TSR, Inc., (Nasdaq:TSRI) a provider of computer programming consulting services, today announced financial results for the quarter ended November 30, 2007.

For the quarter ended November 30th, revenues increased 4.9% from the same quarter last year to $13.2 million. Consolidated net income decreased 8.5% from the comparable period to $378,000. Additionally, earnings per share decreased to $0.08 from $0.09.

The Company also announced that the Board of Directors had declared a cash dividend of $0.08 per share for its second fiscal quarter. The dividend will be payable February 8, 2008 to shareholders of record as of January 25, 2008.

Joe Hughes, CEO, stated, "Revenues increased 4.9% in the quarter ended November 30, 2007 over the prior year quarter. While the number of consultants on billing with clients was flat, revenues increased primarily due to a change in business mix toward higher level skills, which allowed the Company to increase its average billing rates to customers. However, income from operations did not increase as expected because selling expenses increased due to additional new hires."

Certain statements contained herein, including statements as to the Company's plans, are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those set forth in the forward-looking statements due to known and unknown risks and uncertainties, including but not limited to the following: risks relating to the extent to which market conditions for the Company's contract computer consulting services will continue to adversely affect the Company's business and the Company's ability to adapt to changing market conditions, the concentration of the Company's business with certain customers, uncertainty as to the Company's ability to maintain its relations with existing customers and other risks and uncertainties described in the Company's filings under the Securities Exchange Act of 1934.

Based in Hauppauge, New York, TSR, Inc., provides information technology professionals to major corporations.

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