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View All NewsPEO Insperity reports Q4 revenue up 12%
Professional employer organization Insperity Inc. (NYSE: NSP) reported revenue rose 12.2% in the fourth quarter. The increase in revenue was driven by a 12.7% increase in the average number of worksite employees paid per month. The company cited a mix of new sales and client retention behind the increase in average number of worksite employees.
Houston-based Insperity, however, noted that net hiring of worksite employees by clients showed weakness and was, overall, a slight negative for the fourth quarter.
(US$ thousands) | Q4 2016 | Q4 2015 | % change |
Revenue | $729,069 | $650,011 | 12.2% |
Gross profit | $110,539 | $97,045 | 13.9% |
Gross margin | 15.2% | 14.9% | |
Net income | $9,520 | $6,339 | 50.2% |
Full-year results
(US$ thousands) | 2016 | 2015 | % growth |
Revenue | $2,941,347 | $2,603,614 | 13.0% |
Gross profit | $491,610 | $437,867 | 12.3% |
Gross margin | 16.7% | 16.8% | |
Net income | $65,991 | $39,390 | 67.5% |
Share price and market cap
Shares in Insperity rose 4.0% to $77.40 in late morning trading today. The company had a market cap of $1.65 billion, according to Yahoo.