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View All NewsPEO Insperity reports revenue up 13.4% in Q4
Professional employer organization Insperity Inc. (NYSE: NSP) reported fourth-quarter revenue rose 13.4%, primarily due to a 9.8% increase in the average number of worksite employees paid per month.
The Houston-based company attributed the worksite employee growth to new client sales driven by an increase in the number of trained business performance advisors, combined with a continuing high level of client retention. Net hiring of worksite employees by Insperity’s clients was minimal, as a net loss during the first month of the quarter was followed by slight gains in each of the following two months.
(US$ thousands) | Q4 2017 | Q4 2017 | % change |
Revenue | $826,494 | $729,069 | 13.4% |
Gross profit | $142,866 | $110,539 | 29.2% |
Gross margin | 17.3% | 15.2% | |
Net income | $15,554 | $9,520 | 63.4% |
Full-year results
(US$ thousands) | 2017 | 2016 | % change |
Revenue | $3,300,223 | $2,941,347 | 12.2% |
Gross profit | $572,731 | $491,610 | 16.5% |
Gross margin | 17.4% | 16.7% | |
Net income | $84,402 | $65,991 | 27.9% |
Share price and market cap
Shares in Insperity rose 7.79% to $61.76 as of -1:34 p.m. Eastern time. The company had a market cap of about $2.57 billion.