Recruit Holdings Co. Ltd., one of the world’s largest staffing firms, reported revenue rose 8.2% in its fiscal first quarter ended June 30. The fastest growth took place in the Tokyo-based company’s “HR Technology” segment, which includes job board Indeed and Glassdoor. Revenue was up 53.0% in the segment during the quarter. However, the company reported international staffing revenue rose just 0.6%.

Recruit closed on its $1.2 billion acquisition of Glassdoor on June 21. Profits and losses from Glassdoor’s operations will affect the HR Technology segment starting in Recruit’s fiscal second quarter. The segment’s growth during the first quarter came from new customer acquisition and expanded spend from existing customers amid the backdrop of a strong economy. On a US dollar basis, first-quarter growth in the segment was 56.0%.

Revenue by segment

Media and solutions includes nonstaffing businesses such as Recruit’s publishing operations. In the company’s staffing segment, revenue rose 3.5%.

Recruit has staffing operations in the US, Europe and Australia as well as Japan. Examples of its overseas operations include Staffmark Holdings in North America, Recruit Global Staffing BV in Europe and Chandler Macleod Group Ltd. in Australia.

Staffing revenue outside of Japan rose 0.6% to ¥193.4 billion (US$1.75 billion) in the first quarter. The company cited a challenging business environment in the US, a decrease in clients as the company focused on profitability and the application of accounting rule IFRS 15. Japanese staffing revenue rose 7.9% to ¥135.6 billion (US$1.23 billion).

Guidance

Recruit expects full-year revenue to rise 5.9%.

Share price and market cap

Shares in Recruit closed down 1.4% to ¥3,035 in Tokyo. The company had a market cap of ¥5.07 trillion.