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BARRETT BUSINESS SERVICES EARNINGS

 PORTLAND, Ore., Aug. 11 /PRNewswire/ -- The following was released today by Barrett Business Services Inc. (NASDAQ: BBSI):
 Corporate revenues for the second quarter and six months ended June 30, 1993 were $25,386,000 and $45,921,000 respectively, an increase of 25 percent and 23 percent over comparable prior year periods. Net income for the second quarter and the six months ended June 30, 1993 was $1,117,000 and $1,754,000 an increase of 67 percent and 62 percent respectively. Both the temporary staffing and employee leasing divisions of the company experienced growth over these periods.
 BARRETT BUSINESS SERVICES INC.
 (In thousands, except per share amounts)
 Three months ended Six months ended
 June 30 1993 1992 1993 1992
 Revenues $ 25,386 $ 20,333 $ 45,921 $ 37,333
 Net income 1,117(a) 670 1,754(a) 1,086
 Net income per share 0.51 0.34 0.83 0.54
 Pro forma data:
 Income before provision
 for income taxes $ 802 $ 670 $ 1,439 1,086
 Provision for income
 taxes 314 262 563 425
 Net income 488 408 876 661
 Net income per share $ 0.22 $ 0.20 $ 0.42 $ 0.33
 (a) Second quarter net income includes a benefit from income taxes arising from net cumulative temporary differences in the timing of reporting certain deductible items for financial statement and income tax purposes in accordance with Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes." In conjunction with the termination of the company's S Corporation status on April 30, 1993, a cumulative net deferred tax asset of $505,000 was established with an offsetting credit to the income tax benefit. A pro forma provision for income taxes that would have been recorded if the company had been a C Corporation for all periods presented is provided for comparative purposes.
 -0- 8/11/93
 /CONTACT: Bill Sherertz of Barrett Business Services, 503-220-0988/
 (BBSI)


CO: Barrett Business Services Inc. ST: Oregon IN: SU: ERN

JH-SB -- SE015 -- 1930 08/11/93 20:10 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
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