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View All NewsPEO Insperity reports Q3 revenue up 13%
November 01, 2017
Third-quarter revenue rose 13.2% at professional employer organization Insperity Inc. (NYSE: NSP) amid a 10.5% increase in the average number of worksite employees paid per month, the Houston-based company reported.
| (US$ thousands) | Q3 2017 | Q3 2016 | % change |
| Revenue | $795,513 | $702,538 | 13.2% |
| Gross profit | $139,966 | $117,796 | 18.8% |
| Gross margin | 17.6% | 16.8% | |
| Net income | $19,202 | $14,065 | 36.5% |
Quote
“We are pleased with the excellent results of the third quarter in spite of the disruption caused by Hurricane Harvey in our home state of Texas,” Chairman and CEO Paul Sarvadi said.
Share price and market cap
Shares in Insperity fell 1.84% to $93.15 as of 1:26 p.m. Eastern time. The company had a market cap of about $1.94 billion.