Companywide revenues were $1.1 billion, down 27% from last year's second quarter on a reported basis and down 26% on an as adjusted basis.
Net income per share in the second quarter was $0.41 compared to $0.98 in the second quarter, one year ago.
As announced in our last earnings call, we've implemented actions to reduce our overall cost structure by approximately 30% as compared to Q1 2020.
The timing of those actions which occurred over the course of the quarter as well as certain employee compensation-related items, such as severance and salary continuation, reduced the savings actually reported in the second quarter to 24%.
Cash flow from operations during the quarter was $301 million and capital expenditures were $8 million.
In June, we distributed a $0.34 per share cash dividend to our shareholders of record for a total cash outlay of $38 million.
As Keith noted global revenues were $1.108 billion in the second quarter.
This is a decrease of 27% from the second quarter one year ago on a reported basis and a decrease of 26% on an as adjusted basis.
On an as adjusted basis, second quarter staffing revenues were down 33% year-over-year.
U.S. staffing revenues were $640 million, down 34% from the prior year.
Non-U.S. staffing revenues were $184 million, down 31% year-over-year on an as adjusted basis.
We have 326 staffing locations worldwide, including 88 locations in 17 countries outside the United States.
In the second quarter, there were 63.4 billing days, unchanged from the same quarter one year ago.
The current third quarter has 64.3 billing days compared to 64.1 billing days in the third quarter one year ago.
Currency exchange rate movements during the second quarter had the effect of decreasing reported year-over-year staffing revenues by $8 million.
This decreased our year-over-year reported staffing revenue growth rates by 0.6 percentage points.
Global revenues in the second quarter were $284 million, $225 million of that is from business within the United States and $59 million is from operations outside the United States.
On an as adjusted basis, global second quarter Protiviti revenues were up 4% versus the year ago period, with U.S. Protiviti revenues up 6%.
Non-U.S. revenues were down 2% on an as adjusted basis.
Exchange rates had the effect of decreasing year-over-year Protiviti revenue by $1 million and decreasing its year-over-year reported growth rate by 0.5 percentage points.
Protiviti and its independently owned Member Firms serve clients through a network of 86 locations in 28 countries.
In our temporary and consulting staffing operations, second quarter gross margin was 37.1% of applicable revenues compared to 38.2% of applicable revenues in the second quarter one year ago.
Our permanent placement revenues in the second quarter were 8.6% of consolidated staffing revenues versus 11.3% of consolidated staffing revenues in the same quarter one year ago.
When combined with temporary and consulting gross margin, overall staffing gross margin decreased 260 basis points compared to the year-ago second quarter to 42.5%.
For Protiviti, gross margin was $73 million in the second quarter or 25.7% of Protiviti revenues.
One year ago, gross margin for Protiviti was $76 million or 27.9% of Protiviti revenues.
Companywide selling, general and administrative costs were 32.9% of global revenues in the second quarter compared to 31.5% in the second quarter one year ago.
Staffing SG&A costs were 39.1% of staffing revenues in the second quarter versus 34.6% in the second quarter of 2019.
Second quarter SG&A costs for Protiviti were 15% of Protiviti revenues compared to 17.3% of revenues in the year ago period.
Companywide operating income was $58 million in the second quarter, operating margin was 5.3%, second quarter operating income from our staffing divisions was $28 million, and -- with an operating margin of 3.4%.
Operating income for Protiviti in the second quarter was $30 million, with an operating margin of 10.6%.
Our second quarter tax rate was 20% compared to 28% a year ago.
Our six month year-to-date rate of 28% is in line with what we expect for the full year.
Accounts receivable at the end of the second quarter, accounts receivable was $665 million and implied day sales outstanding or DSO was 54 days.
Our temporary and consultant staffing divisions exited the quarter with June revenues down 33.7% versus the prior year compared to a 31.2% decrease for the full quarter.
Revenues for the first two weeks of July were down 33% compared to the same period one year ago.
Permanent placement revenues in June were 46.1% versus June of 2019.
This compares to a 49.1% decrease for the full quarter.
For the first three weeks of July, permanent placement revenues were down 35% compared to the same period in 2019.
Revenue $1.09 billion to $1.20 billion, income per share $0.49 to $0.68.
The midpoint of our guidance implies a year-over-year revenue decline of 26% on an as adjusted basis, inclusive of Protiviti.

Summary:
Net income per share in the second quarter was $0.41 compared to $0.98 in the second quarter, one year ago.
As Keith noted global revenues were $1.108 billion in the second quarter.