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Staffing company median revenue growth accelerates to 1.6% in Q2

August 23, 2017

Quarterly revenue growth accelerated to a median 1.6% year over year in the second quarter, up from 0.5% median growth in the previous quarter, according to a Staffing Industry Analysts report on 23 publicly traded staffing companies doing business in North America.

SIA’s prior report, issued in June, noted a slight reversal back into positive growth territory in terms of the median; the new update saw continuation of this reversal.

Adjusted for acquisitions, currency exchange, divestitures and in some cases a difference in billing days between quarters, median revenue growth was slightly higher at 1.9% year over year. While this rate of growth exceeds the average of the previous four quarters, it represents a slight deceleration from the 2.7% year-over-year median adjusted revenue growth in the previous quarter.

Some of the larger staffing firms outperformed the market due to higher growth rates in certain European markets.

By segment, pockets of outperformance by segment include healthcare and IT.

Corporate members of Staffing Industry Analysts can download the full report online.