Item 2.02. and 7.01 Results of Operations and Financial Condition; Regulation FD Disclosure

On January 6, 2009, we disseminated a press release announcing our financial results for the second quarter of fiscal 2009. A copy of such press release is furnished herewith as Exhibit 99.1.

The press release contains earnings guidance affirming expected financial performance for the year ending May 31, 2009. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished pursuant to Item 2.02 and 7.01 of Form 8-K and shall not be deemed "filed" with the Securities and Exchange Commission nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated by reference.

This Form 8-K contains forward looking statements. We based our forward-looking statements on our current expectations, estimates and projections about ourselves and our industry. We caution that these statements are not guarantees of future performance and involve risks, uncertainties and assumptions that we cannot predict. In addition, we based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in the forward-looking statements. Differences between actual results and any future performance suggested in these forward-looking statements could result from a variety of factors, including those listed beginning on page 5 of our Annual Report on Form 10-K for the year ended May 31, 2008.

Item 9.01. Financial Statements and Exhibits

(c) Exhibits. The following exhibit is furnished as part of Item 2.02 of this Current Report on Form 8-K:

Exhibit number Description

99.1 Team, Inc.'s Press Release dated January 6, 2009

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